With a whole life insurance policy, you’ll be insured throughout your entire lifetime – or until the policy matures. Of course, you’ll need to continue paying your premiums in order to keep the policy intact. Those premiums remain the same throughout. Policyholders of whole life insurance coverage have the option of utilizing the cash value of their policy for other purposes while they’re still alive.
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Call our Austin, TX office to find out more information about whole life insurance policies.