(618)266-3140
Simply Rooted Financial
Whole Life Policy
Life Insurance is the one of the greatest expressions of love to your family.
WHAT IS WHOLE LIFE INSURANCE?
At Simply Rooted Financial, we offer whole life insurance, a type of permanent life insurance that guarantees a specific death benefit payout in exchange for your regular premium payments. Unlike term life insurance, which only covers you for a set period, such as 20 years, whole life insurance ensures you’re protected for your entire lifetime—as long as you continue making your agreed-upon payments.
In addition to lifelong coverage, whole life insurance acts as a financial safety net by building a tax-deferred cash value. This accumulated value functions like a savings account, providing you with the option to borrow against it if the need arises. The growth of your cash value is determined by the premiums you pay, minus any expenses and charges associated with your policy.
Lifelong Coverage
Whole life insurance provides permanent coverage, ensuring that your loved ones receive a guaranteed death benefit payout regardless of when you pass away, as long as you continue to pay your premiums.
Cash Value Accumulation
A whole life insurance policy builds tax-deferred cash value over time, which can serve as a financial safety net. You have the option to borrow against this accumulated cash value if you need funds for emergencies, education, or other expenses.
Stable Premiums
With whole life insurance, your premiums remain consistent throughout the life of the policy. This stability allows for predictable budgeting and ensures that your coverage remains intact without the worry of increasing costs.