A Whole Life Plan is a type of permanent life insurance. Unlike a term life policy, which provides protection for a period of time, whole life plan provides coverage for life. As long as premiums are paid, your loved ones are guaranteed to receive a death benefit. It also contains a growing cash value that’s available to help you cover unexpected costs.
With whole life insurance, your premiums remain the same throughout your lifetime. You should also expect to pay a higher premium than you would for a term life policy.
Transamerica does not provide online quotes for whole life insurance. You will need to contact an agent to get some pricing options.