What Are Some Characteristics Of Whole Life Insurance? 
Whole Life , also called Permanent Life , will last for the rest of your life , so long as you pay your premiums . Unlike Term Life , which lasts for a specific predetermined number of years , at a guaranteed rate . Whole life will not go up in price and will not go down in coverage amount . It accumulates cash value , from which you are able to borrow funds , for such things as college , home down payment , or even retirement , or whatever else you desire . With the accumulation in a quality policy , you can fund your retirement , as a substitute for a pension . Thank you . GARY LANE . 