Whole Life Insurance

Build Lasting Financial Security with Whole Life Insurance

Permanent protection with guaranteed cash value growth and wealth accumulation potential

Whole Life Insurance for Lifetime Protection and Growth

Whole Life Insurance provides lifelong coverage with fixed premiums, a guaranteed death benefit, and a cash value component that grows over time. At Peterman Insurance Services, our nurse-led guidance helps you leverage the wealth accumulation features of whole life—so you can protect your family and build a financial legacy.

Level or Flexible Premiums

Premiums can remain fixed for life—allowing you to plan your budget with certainty and avoid rate increases due to age or health changes–or vary, depending on your needs.

Dividends and Wealth Accumulation
Some whole life policies pay dividends that can be used to purchase paid-up additions, increasing both your cash value and death benefit—accelerating your wealth accumulation strategy. Learn more about strategies on our Wealth Accumulation page.

Guaranteed Rate Cash Value

A portion of your premium is credited to cash value at a guaranteed rate—providing a stable, tax-deferred savings vehicle that grows year after year.

Your whole life insurance Questions, Answered

Find clear, concise answers to common Whole Life Insurance questions—so you understand how policy features support lifelong coverage and financial growth.

Whole Life Insurance is a permanent policy that provides lifelong death benefit protection. It features fixed premiums, a guaranteed cash value component that grows over time, and potential dividend payments—offering both security and a savings vehicle.

Many applicants qualify because modern underwriting focuses on simplified health questions rather than extensive medical exams as in the past. Eligibility depends on age, overall health, and the insurer’s guidelines—but guaranteed-issue options are available for certain benefit amounts and age brackets.

A portion of each premium payment is allocated to cash value, which grows at a guaranteed minimum interest rate. Dividends—if declared—can further boost growth when added to cash value.

Yes—cash value can be accessed through policy loans or withdrawals. While loans reduce the death benefit if unpaid, they offer a flexible source of funds for emergencies, education, or retirement.

Paid-up additions are small, fully paid life insurance increments purchased using dividends. They immediately increase your death benefit and cash value—enhancing your wealth accumulation over time.

Dividends are not guaranteed but have been consistently paid by many mutual insurers. When declared, dividends can be taken in cash, used to reduce premiums, purchase paid-up additions, or buy term insurance.