Straight Whole Life Insurance Provides Permanent Level Protection, Level Premiums and Cash Value Accumulation For the Life of the Policy.
Straight Whole Life Insurance,or ordinary life, provides permanent level protection with level premiums from the time the policy is issued until the insureds death. As with all whole life insurance contracts, at age 100 the policy cash value will be equal to the face amount of the contract less any loans and interest not repaid by the policy owner.
It require more premium than term life insurance policies for the same death benefit. That’s because straight whole life policies