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Home > Whole Life Insurance in Ann Arbor, MI & Brighton, MI

Whole Life Insurance


Whole Life Insurance Information

Whole Life Insurance in Ann Arbor, MI & Brighton, MI

Life insurance isn’t a fun thing to think about, and it may seem like an unnecessary expense. But if you have people who depend on you for financial support, then whole life insurance is really about protecting them in case something happens to you. 

Different people have different insurance needs at different periods of their lives, so, similarly, there are several life insurance options available. Whole life insurance policies typically make sense if you need lifelong coverage and have a large investment portfolio that you want to diversify. Contact Active Insurance Agency LLC at Brighton: 810-225-8977 or Ann Arbor: 734-327-5970 to discuss your options and find the best protection for you and your loved ones. 

Is Permanent Life Insurance the Same As Whole Life Insurance?

Permanent life insurance is an umbrella term for life insurance policies that do not expire. Whole life insurance is one of the most common forms of permanent life insurance.  Typically, permanent life insurance combines a death benefit with a savings option. Whole life insurance is the primary type of permanent life insurance, though some term life insurance policies qualify as permanent as well.

What Is a Whole Life Insurance Policy?

Whole life insurance offers life-long coverage combined with a cash-value savings component. Premiums remain constant throughout the whole life policy and a portion is invested by the company, which becomes the cash value of the policy. Upon death, whole life insurance pays a fixed amount. 

When considering plan options, keep in mind the following benefits of whole life insurance: 

  • A fixed premium that won’t increase 

  • Potential to accumulate cash value over time 

  • Fixed death benefit for the life of the policy 

  • Cash value growth is tax-deferred 



If you’re a budgeter, whole life insurance may be the tempting option since you plan for a regular and consistent premium monthly payment. You also have no risk of the policy ending, on the condition that you must remember to pay for it.

How Does Whole Life Insurance Work?

Whole life insurance offers a death benefit along with a savings account. If you pick this type of life insurance policy, you are agreeing to pay a certain amount in premiums on a regular basis for a specific death benefit. The savings element would grow based on investment dividends the company pays to you. In time, those dividends can be used as a source of income while you remain alive.

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Ann Arbor 734-327-5970 | Brighton 810-225-8977

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Ann Arbor 734-327-5970
Brighton 810-225-8977
Fax: 734-327-5972
Email: rob@activeinsuranceLLc.com
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