An Overview of Participating and Non-Participating Whole Life Plans - Issuu

Narendra Singh24 Jan, 2022Finance

Whole life insurance is coverage that goes on for the whole lifespan of the insured individual. This differs from term life insurance which is set for a fixed period. The advantages of the whole life plan are paid out on the policyholder's passing or them being determined to have a terminal or critical illness or total/permanent disability.