American FamilyProtection
All products
Moderate underwriting

Whole Life Insurance

Whole life is permanent insurance with a fixed premium and a cash-value component that grows over time. Underwriting is more involved than final expense but generally more forgiving than term or IUL.

Age rangeTypically issued ages 0–85
Medical examSometimes required, depending on age and coverage amount
Typical coverage$25,000 – $500,000+
Builds cash valueYes

Who qualifies

Whole life involves health underwriting, but simplified-issue options exist. It sits between final expense and term in how hard it is to qualify for.

How it works

  1. 1

    Premiums are fixed and never increase for the life of the policy.

  2. 2

    A portion of each premium builds guaranteed cash value you can borrow against.

  3. 3

    The death benefit is permanent and paid to your beneficiary whenever you pass away.

  4. 4

    Coverage never expires as long as premiums are paid.

Best for

  • Those who want lifelong coverage plus a savings component
  • Leaving a guaranteed legacy to heirs
  • Applicants in reasonably good health seeking permanent protection

What to consider

  • Premiums are higher than term for the same death benefit.
  • Cash value grows slowly in the early years.

See what you actually qualify for

Tell us a little about yourself and a licensed specialist will match you to coverage that fits — starting with the products you're most likely to be approved for.

Get My Free Quote