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Whole Life Insurance

Whole life is permanent coverage that will remain in force as long as premiums are paid in a timely manner.  You can easily buy whole life insurance online. 

It has some advantages over another type of permanent coverage known as universal life.   However, its premiums are considerably higher because it generates “cash value” within the policy. 

Whole Life Insurance

Whole life insurance has some advantages over another type of permanent coverage known as universal life.   However, its premiums are considerably higher because it generates “cash value” within the policy. 


Advantages of Whole Life Insurance Online include the tax free build up of cash, the ability to have dividends purchase additional coverage (in mutual companies), and the ability to borrow from the policy on a tax free basis under certain circumstances.

Final Expense Whole Life Insurance

Final expense life insurance is a type of whole life policy. It is available for small amounts generally starting at a $2,000 face amount up to a $40,000 face amount.  If you want a small final expense policy (less than $25,000), this is the only option.

Types of Whole Life Insurance

Young hand holding old hand to show the need for senior final expense insurance

This type of Whole Life Insurance is easy to get and our favorite type especially for seniors.

  • If you are looking for $2,000 up to $40,000 of coverage this may be the right product for you. (If you want a little more, you can apply to more than one carrier!)
  • Final expense coverage has simplified underwriting meaning there is no physical needed, nor blood and urine samples.
  • To be approved for this type of coverage is much easier than for other types of life insurance. 
  • This insurance is usually in force within a week or less.
  • Coverage starts on day one, there is no waiting period.
  • Your premium and your face amount remain the same for your lifetime.
  • Find out more about final expense life insurance here!
Grandson behind grandmother holding hands to signify traditional whole life insurance

This type of Whole Life insurance has been known as “permanent” life insurance for generations.  In addition to a death benefit, Whole Life is designed to provide a build up of cash value within the policy.  This cash value earns interest and/or dividends that are established by the insurance company.

Middle aged husband kissing wife on the cheek is happy he has whole life insurance for seniors

Customized Whole Life policy allows the policyholder to select how long premiums are paid.  It can be designed to maximize the cash value within the policy at different times during the insured’s lifetime for planned expenditures such as college costs and retirement planning.

There are better vehicles than a whole life insurance policy for saving for college costs and retirement. This used to be the best way to do it, but alas, no longer.

Smiling senior man leaning his face on his hand is thinking about senior whole life

Modified Premium Whole Life offers the same guarantees of traditional or customized Whole Life, however initially has a lower premium that increases in later policy years.

We don't usually recommend this product. If you need a policy to amass cash, you will get a better price with a Universal life insurance policy.

Let LifeNet Insurance Solutions Help You


Get a free quote for whole life final expense insurance here. Then give us a call and we will let you know if we can find you a better value.

Need more information? Just fill out the form below and get our Final Expense Life Insurance Handbook. 

Get Your Free E-Book- The Final Expense Life Insurance Handbook