List Of Are Whole Life Insurance Policies A Good Investment References. As long as you pay the premiums, your beneficiaries can claim the policy’s death benefit. A life insurance policy can be a.

Web whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component. As long as you pay the premiums, your beneficiaries can claim the policy’s death benefit. Whole life insurance premiums are higher than the premiums you’d pay for the same death benefit on a term policy.