Whole Life

Whole life insurance from Oros Life Insurance is a type of permanent life insurance that offers lifelong coverage as long as the premiums are paid. It provides a death benefit to the beneficiaries upon the insured’s death, regardless of when it occurs. Additionally, whole life insurance has a cash value component that grows over time, accumulating tax-deferred savings. This cash value can be accessed through policy loans or withdrawals, offering a potential source of funds for emergencies or other financial needs. Whole life insurance premiums are generally higher than those of term life insurance because they cover the cost of insurance as well as contribute to the cash value accumulation. Policyholders can choose to pay premiums for the entire life of the policy or opt for a limited payment period, such as 10 or 20 years. Whole life insurance is often chosen by individuals seeking permanent coverage, long-term savings, and potential estate planning benefits. Speak with an agent today to find the best coverage that fits your needs and budget.