Permanent Coverage
That Builds Real Value
Lifetime protection that never expires, rates that never increase, and cash value that grows tax-deferred over time. Protection and savings in one policy.
Understanding Whole Life
Coverage for your entire life, with built-in savings.
Whole life insurance is a permanent policy that covers you for as long as you live, not just a set number of years. Your premium is locked in the day you buy the policy and never increases, no matter your age or health changes.
Unlike term life, whole life also builds cash value over time. A portion of each premium goes into a tax-deferred savings component that grows at a guaranteed rate. You can borrow against that cash value or surrender the policy for its accumulated value if your needs change.
Coverage typically ranges from $10,000 to $500,000 or more, depending on your age, health, and goals.
See What You Could Qualify ForHow cash value grows over time
Illustrative only. Actual growth depends on carrier and policy type.
Who It's For
Whole life fits a wide range of goals.
Whether you want lifetime protection, a savings vehicle, or a way to leave a legacy, whole life insurance can serve multiple purposes.
Parents and grandparents
Leave a guaranteed inheritance for your children or grandchildren, regardless of market conditions or future health changes.
Business owners
Fund buy-sell agreements, protect key employees, or build tax-advantaged savings within your business using whole life insurance.
Long-term planners
If you want coverage you never have to renew, rates that never change, and a savings component that grows over decades.
Key Benefits
What you get with whole life insurance.
Lifetime coverage
Your policy never expires as long as you pay your premium. No renewal, no reapplication, no age-out.
Rates locked for life
The premium you lock in at approval is the premium you pay forever. It never increases, period.
Tax-deferred cash value
A portion of each premium builds cash value that grows at a guaranteed rate without being taxed until withdrawal.
Borrow against your policy
Access your cash value through policy loans with no credit check and no approval process required.
Tax-free death benefit
Your beneficiary receives the full death benefit income-tax-free. They decide how to use it, with no restrictions.
Dividend potential
Some carriers offer participating whole life policies that earn annual dividends, which can accelerate cash value growth.
Pricing
Permanent protection at every budget.
Whole life premiums are higher than term because your coverage never expires and your policy builds cash value. Below are average monthly ranges for healthy non-smokers.
| Coverage | Ages 30s | Ages 40s | Ages 50s | Ages 60s |
|---|---|---|---|---|
| $25,000 | $25 to $40/mo | $35 to $55/mo | $55 to $90/mo | $90 to $150/mo |
| $50,000 | $45 to $75/mo | $65 to $110/mo | $105 to $175/mo | $170 to $290/mo |
| $100,000 | $85 to $140/mo | $125 to $210/mo | $200 to $340/mo | $330 to $560/mo |
| $250,000 | $200 to $340/mo | $300 to $500/mo | $480 to $800/mo | $800 to $1,350/mo |
These are estimates and your actual rate may be lower. The only way to know your exact premium is to speak with a licensed specialist. It takes about 10 minutes and there is zero obligation.
For a detailed breakdown of whole life costs by age and coverage amount, see our Whole Life Insurance Cost Guide.
Cash Value
Your policy does more than just protect.
Every premium payment serves two purposes: it keeps your coverage active and it builds a cash reserve that belongs to you.
Guaranteed growth
Cash value grows at a guaranteed minimum rate set by your carrier. No market risk, no loss of principal.
Policy loans
Borrow against your cash value for any reason. No credit check required. Unpaid loans reduce your death benefit.
Tax advantages
Cash value grows tax-deferred. Policy loans are not considered taxable income. Death benefit is income-tax-free.
Why Asurgo
We find the right whole life policy for you.
Most agents represent one insurance company. We represent you. As an independent brokerage, we compare whole life options across 25+ carriers to find the best fit for your situation.
25+ carriers compared
We run quotes across every carrier we represent to find your best rate and policy structure.
Your best interest, not ours
We're not incentivized to push any particular carrier. The right fit for you is the only goal.
One specialist, start to finish
You work with one licensed specialist who handles everything. No transfers, no repeating yourself.
We stay with you after the sale
Policy questions, cash value updates, life changes. Your specialist is always a phone call away.
FAQ
Common questions about whole life insurance.
If your question isn't here, call us. We'll answer it.
What's the difference between whole life and term life?
Term life covers you for a set number of years (10, 20, or 30) and then expires. Whole life covers you for your entire life and never expires. Whole life also builds cash value over time, while term life does not.
How does cash value work?
A portion of each premium you pay goes into a cash value account that grows at a guaranteed rate set by your carrier. Over time, this becomes a savings component you can borrow against or surrender for its value.
Can I borrow against my whole life policy?
Yes. Once your policy has enough cash value, you can take a loan against it with no credit check. Policy loans don't have to be repaid, but unpaid loans plus interest will reduce your death benefit.
Is whole life insurance more expensive than term?
Yes, whole life premiums are higher than term because you get lifetime coverage and a cash value component. However, the rate never increases, and the policy never expires, which can make it more cost-effective long-term.
What happens if I stop paying premiums?
You have options. Depending on your policy, you may use accumulated cash value to keep paying premiums, convert to a reduced paid-up policy, or surrender the policy for its cash value. Talk to your specialist before stopping payments.
Do all whole life policies pay dividends?
No. Only "participating" whole life policies from mutual insurance companies are eligible for dividends. Dividends are not guaranteed but can significantly boost your cash value over time. We can help you compare dividend-paying options.
Is the death benefit taxable?
In most cases, no. Death benefits paid to individual beneficiaries are generally income-tax-free. Very large estates may face estate tax considerations, but the benefit itself is typically not taxable income.
Can I get whole life insurance as a senior?
Yes. Many carriers offer whole life insurance up to age 80 or 85. Final expense insurance, which is a type of whole life with smaller coverage amounts, is one of the most popular options for seniors.
Coverage that lasts as long as you do.
Ten minutes with a licensed specialist. Compare whole life options across 25+ carriers and find the right fit for your family. No obligation, no pressure.