Whole life insurance policy has been in the market for almost one hundred years, the life insurance agents like to recommend their customers this policy, it is because this has benefits to the buyers, and is very popular in the market. Here are the few benefits that made this policy so saleable.It gives protection to the policy holder
As long as the policy holder is alive and he pays his premiums on time the policy gives the buyer the stated coverage, the amount covered is decided by the buyer, and the premium is calculated by the age of the buyer.Guaranteed death benefit
Whole life insurance provides the buyer with guaranteed death benefit; this will be effective immediately after the life insurance company received the first premium paid by the buyer. The life insurance company will issue a cover note or temporary receipt to the policy holder when they received his first premium as a token of confirmation. This is very important because the very exact time this cover note is issued the policy holder is insured, should anything happen to him after this stated time he will receive compensation from the insurance company. After a few days the life insurance company will issue another receipt to the buyer, this time it is a certificate called policy. Each premium paid the buyer will receive an official receipt, and after some premiums the insurance company will issue a statement to the policy holder so that the buyer can see how much cash value his policy carries.    Cash value
One of the benefits of whole life insurance is that it provides cash value for the policy holder, this makes this policy so popular, because people buy life insurance for protection, on top of this they can have saving. They can borrow money from this cash value when time in need.Fixed premium
After the buyer bought the policy, the stated premium can never be increased if the buyer gets old, even if he has health problem.Increasable coverage
The coverage of this policy can be increased in future, for example if the insured has a coverage of fifty thousand he may obtain a higher coverage, may be a few thousand more, this will be adjusted by the insurance company.Policy cannot be cancelled
Once the buyer bought the whole life insurance, his policy cannot be cancelled, the insurance company will pay the beneficiary compensation or proceeds if the insured died at any cause, whether illness or accident. In fact there are more benefits, if you want to know more about whole life insurance, the life insurance agents and companies would like to provide you free quote, the steps are simple, please find out more.
Life insurance industry could be complicated, but you can know more about it by clicking whole life insurance advice or whole life insurance explanation for this particular product, or if you want to know more about other types of life insurance please visit us at http://www.indianapolislifeinsurance.net/ and we hope to assist you if you have any enquiries.