Whole Life Insurance
Whole Life Insurance is the simplest form of permanent life insurance. It features lifelong protection with guaranteed premiums, death benefit, and cash value.
Whole Life Insurance protects you for your entire life unless you cancel the policy.
Whole Life Insurance can be right for you if you want:
- Fixed premiums that will not increase
- A guaranteed death benefit payout
- Cash value that is guaranteed to grow each year - tax-deferred
- Dividends that can be used to increase the value of the policy
Some things to consider about Whole Life Insurance:
- Premiums are initially more costly than Term Life, but are guaranteed not to increase
- Dividends are not guaranteed
- Loans and withdrawals can reduce the death benefit payout
Your MetLife representative can help you determine whether Whole Life Insurance makes sense for you and your family.
You might also consider...
Term life Insurance for temporary simplified coverage with no cash value.
Universal Life Insurance for permanent coverage, flexibility and less emphasis on cash value.
Variable Universal Life Insurance for permanent coverage and potentially higher cash value through investment options, but you accept some risk.
Like most insurance policies, MetLife’s policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. For complete costs and details, see your MetLife Financial Services representative.
Guarantees are subject to the insurer’s claims-paying ability and financial strength.
MetLife, its agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. You should consult with and rely on your own independent legal and tax advisers regarding your particular set of facts and circumstances.
Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this website not intended to (and cannot) be used by anyone to avoid IRS penalties. This website supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor.
Whole Life insurance is issued by Metropolitan Life Insurance Company on policy form # 8-90 (08), 200 Park Ave., New York, NY 10166.