Whole Life Insurance
The idea behind whole life or whole-of-life insurance is that the policy pays out a lump sum to your dependents when you pass away. The main advantage of taking out a whole life insurance policy is that it lasts as long as you do, and does not require renewal at any stage. You simply pay a monthly premium. When you die, your loved ones will receive the pay-out.
With a whole life insurance policy from Continental, you’ll receive a contract that includes premiums for insurance and investment components, protecting you for your entire life. Upon death, your loves ones will receive a predetermined amount.