Whole life insurance
Coverage designed to stay for life.
Permanent protection and contractual cash value, while required premiums are paid.
Compare first. Apply when you’re ready.
Email and phone are required to continue. No obligation to apply.
Comparing options does not guarantee coverage. Product availability, rates, and underwriting vary by state, carrier, and applicant.
See the two sides of whole life.
Required premiums
Your policy
- Death benefit
- For your beneficiaries
- Cash value
- Within the policy
Two features. One policy.
Cash value is not automatically an extra payment at death.
Read the video transcript and visual explanation
Imagine someone choosing whole life for lifelong protection. The policy has a death benefit for beneficiaries, and cash value that may build within the policy. Those are not automatically two separate payments at death. During life, a policy loan uses the cash value as security. Unpaid loans and interest can reduce what beneficiaries receive. Early cash values can be low. Dividends are not guaranteed. Compare the required payments and guaranteed values in the policy illustration. Then explore available whole life options with MedaSynq.
A whole life policy branches into two roles: a death benefit for beneficiaries and cash value within the policy. The cash value can secure a policy loan. A smaller shield shows how unpaid loans and interest can reduce the death benefit. Cash value is not automatically a second payment at death. Compare the required payments and guaranteed values. Early cash values may be low; dividends are not guaranteed. Loans can cause lapse. Policy terms apply.
Whole life may fit when...
- You want coverage that lasts your whole life, not a set term
- You want a premium designed to stay level for life
- You want the policy to build contractual cash value
- You are comfortable paying more than term for permanence
From comparison to application
Tell us about you
Email and phone required.
Compare your options
Review policy features and illustrations.
Apply when ready
The insurer reviews your application.
Quotes are estimates. Applying does not start coverage.
What happens after I apply?
Choose an option and complete the carrier application. The insurer may request records or a medical exam.
The carrier illustration shows payments, benefits and policy values over time. Separate guaranteed values from assumptions.
A quote is an estimate, not an offer of coverage. What you are offered, and the final price, depend on underwriting, the insurer's review. Confirm the effective date and payment requirements with the insurer.
What lasts. What to weigh.
Permanent protection
Designed for life, while required premiums and policy terms are met.
Level premiums
Check the contract’s required payment schedule.
Contractual cash value
Loans and withdrawals can reduce values and benefits.
A long-term commitment
Generally costs more than term for the same benefit.
Read the policy details
- Permanent protection
- Whole life is designed to remain in force for life when required premiums are paid and policy terms are met.
- Level premiums
- Whole life policies generally schedule level premiums. The carrier quote and contract show the exact payment terms.
- Contractual cash value
- Cash value may build over time according to the policy contract. Loans and withdrawals can reduce policy values and benefits.
- A long-term commitment
- Permanent coverage can cost more than term insurance, so compare the benefits, premium schedule, and flexibility carefully.
What to review before applying
- The required premium schedule
- Guaranteed and non-guaranteed policy values
- Surrender charges, loans, and withdrawal effects
- Underwriting requirements and carrier availability
Common questions
Questions people ask before they apply
How is whole life different from term life?
Term life covers a set number of years and pays only if death occurs during that term. Whole life is permanent: it is designed to stay in force for life as long as required premiums are paid, and it builds contractual cash value. Whole life generally costs more for the same benefit amount.
What is cash value, and can I use it?
Cash value is an amount that builds inside the policy under its terms. It is different from the death benefit paid after a covered death. A loan against the cash value can reduce what your beneficiary receives if it is not repaid. Surrendering means ending the policy for its available cash value, after any charges or outstanding loans. Accessing cash value may have tax consequences.
Will my premium ever change?
Whole life is typically designed with a level premium for the life of the policy, but the specific structure depends on the carrier and product you choose. Review the policy's premium schedule before you apply.
What are dividends, and am I guaranteed to receive them?
Some whole life policies are eligible to receive dividends. Dividends are not guaranteed, are declared at the insurer's discretion, and depend on the carrier's results. A policy illustration is not a promise of future dividends.
Do I need a medical exam?
That depends on the carrier, the product, the benefit amount, and your answers. Some applicants qualify without an exam while others need additional underwriting. Availability and approval are decided by the carrier.
Compare your whole life options.
Compare premiums and policy guarantees before choosing. The carrier determines approval and when coverage takes effect.
Compare options & applyWould rather talk it through with a licensed agent first? Call (877) 346-6657.
30+ carriers to compare
Including carriers rated A or better by AM Best.
A real person answers
Questions before you apply? Call (877) 346-6657.
AM Best financial strength ratings apply to individual insurance carriers, not to MedaSynq, and are shown where available during comparison.
Other coverage
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