Whole Life Insurance Policies for Massachusetts Residents

Whole Life Insurance is a policy for your entire life. No matter if you live until the age of 58 or 108, as long as you pay your premium each year, you are guaranteed to have coverage. Whole Life Insurance provides a death benefit, which can be increasing or level, as well as a cash value account. The cash value account grows over time and can be used in different ways. The owner of the policy can take a cash loan from their cash value account, use it as collateral for a bank loan, reduce their premiums, or simply draw from it each year during retirement.

Whole Life Insurance tends to be more expensive than Term Life Insurance because a portion of your premium is invested on your policy's behalf in a cash value account, which is usually comprised of long-term, fixed rate investments. Based on the performance of these underlying assets in the cash value account a dividend is paid to the policy owner each year. Whole Life Insurance is traditional insurance coupled with a long term investment that builds equity.


If you have any specific questions regarding any life insurance coverage we offer please call 1.866.3.INSURE or click here to fill out the life insurance request a quote form and have one of our knowledgeable agents contact you at a time that suits you best.