You have options. Whole life Benefits of whole life:
{"Image DocumentName": "You have options. Whole life Benefits of whole life:", "Image ImageDescription": "Level premiums and death benefit. Permanent coverage. Potential for cash value accumulation and access1. Whole life insurance is similar to a term policy, because it offers the predictability of level premium payments. But, unlike term insurance, whole life policies provide coverage for your entire life (instead of a set term). Whole life policies also have a cash value that you may be able to access under certain circumstances.1. 1Please note that loans and withdrawals may be subject to regular income tax, and if taken prior to age 59\u00bd, a 10% federal tax penalty may apply. Policy loans will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of un-recovered cost basis will be subject to ordinary income tax.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}