Whole life policies offer a lifetime of insurance protection as well as long-term savings. The sum assured of the policy, and accrued bonuses, if any, are paid upon the insured's death, or where applicable, upon total and permanent disability of the insured. Should the need for permanent insurance protection diminish, or cease in later years, the whole life insurance policy may be surrendered at the policyholder's choice for its cash value - a ready pool of retirement funds! Whole life insurance policies are suitable for both children (even as young as newborns) and adults.
