Whole life insurance, sometimes called permanent insurance, or ordinary life, is designed to stay in force throughout one’s lifetime. As long as the policy owner meets his or her obligations under the policy, the policy remains in force, regardless of any changes in health that may occur. Unlike term insurance, where premium payments generally increase as the insured gets older because the chance of death increases with age, premiums for most whole life policies remain level. A portion of each premium payment is set aside to earn interest. Over time, a whole life policy will develop cash values. The accumulated cash values form a reserve which enable the insurer to pay a policy’s full death benefit, while keeping premiums level.

If you have questions about the services CFA Insurance Agency provides in this area, please call 643-7946 or the toll-free 888-801-7946 or

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