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Whole Life

Whole Life: Overview

As the name suggests, whole life insurance is for the whole life and not just for a specified period, as in term insurance.As there is no fixed end date for the policy, only the death benefit exists and is paid to the named beneficiary. The policyholder is not entitled to any money during his or her own lifetime, i.e. there is no survival benefit.

Compare whole life policies on, an option that can be used either for the purpose of leaving behind an estate for one's heirs. Or, for covering the possibility of premature stoppage of pension income in the case of relatively early death after retirement.

Whole Life: Benefits

  • Children's Life Insurance Policies 
  • Whole Life Insurance Plans 
  • Money-back Life Insurance Plan 
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Whole Life: Riders

  • Rider, adds the extra bit in life insurance 
  • Term Rider 
  • Accidental Death Benefit Rider 
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Whole Life: Exculsions

  • Insurance is null and void if suicide is committed within a year 
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Whole Life: Claims

  • Insurance is null and void if suicide is committed within a year 
  • How to collect maturity amount from insurer? 
  • Critical illness benefit rider takes care of unforeseen medical expenses 
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Decision-making Corner

  • Returns on Whole Life Policy vs. Inflation Calculator
    Do the returns on my whole life policy beat inflation?
  • Should I Continue My Whole life Policy?
    Use this calculator to find out if you should continue your whole life policy or invest the premium amount saved in other avenues.
  • Endowment vs. Whole Life Comparator
    Use this comparator to compare a whole life insurance policy and an endowment policy.
  • Insurance Planner
    Use this calculator to find out how much life insurance you need.  
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