Permanent life insurance
Lifetime coverage with guarantees you can see
Whole life stays in force for as long as the required premiums are paid, and accumulates contractual cash value while it does.
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- to a decision for most
Comparing options does not guarantee coverage. Product availability, rates, and underwriting vary by state, carrier, and applicant.
Start with the need
Whole life may fit when...
- You want coverage that lasts your whole life, not a set term
- You want a premium designed to stay level for life
- You want the policy to build contractual cash value
- You are comfortable paying more than term for permanence
Most companies stop at “you’re covered.” Your policy belongs in your free Vault, and when the time comes MedaSynq can file the claim for your family.
How the Vault worksUnderstand the tradeoffs
Whole life, in plain English
Whole life combines a death benefit with contractual cash value. The carrier illustration and policy contract control, so review both instead of relying on a headline projection.
Permanent protection
Whole life is designed to remain in force for life when required premiums are paid and policy terms are met.
Level premiums
Whole life policies generally schedule level premiums. The carrier quote and contract show the exact payment terms.
Contractual cash value
Cash value may build over time according to the policy contract. Loans and withdrawals can reduce policy values and benefits.
A long-term commitment
Permanent coverage can cost more than term insurance, so compare the benefits, premium schedule, and flexibility carefully.
What to review before applying
- The required premium schedule
- Guaranteed and non-guaranteed policy values
- Surrender charges, loans, and withdrawal effects
- Underwriting requirements and carrier availability
Compare with context
A focused path to the details that matter
Start online, then use a licensed advisor whenever you want help interpreting an illustration or comparing permanent and term coverage.
- 01
Answer a few questions about the person who needs coverage.
- 02
Review whole life options available through participating carriers.
- 03
Read the carrier illustration and policy details before deciding whether to apply.
See your whole life options.
No obligation, and no cost to compare.
Common questions
Questions people ask before they apply
How is whole life different from term life?
Term life covers a set number of years and pays only if death occurs during that term. Whole life is permanent: it is designed to stay in force for life as long as required premiums are paid, and it builds contractual cash value. Whole life generally costs more for the same benefit amount.
What is cash value, and can I use it?
Cash value is an amount that accumulates inside the policy under the contract terms. You may be able to borrow against it or surrender the policy for its value, but doing either can reduce the death benefit and may have tax consequences. The policy and your carrier govern what is available.
Will my premium ever change?
Whole life is typically designed with a level premium for the life of the policy, but the specific structure depends on the carrier and product you choose. Review the policy's premium schedule before you apply.
What are dividends, and am I guaranteed to receive them?
Some whole life policies are eligible to receive dividends. Dividends are not guaranteed, are declared at the insurer's discretion, and depend on the carrier's results. A policy illustration is not a promise of future dividends.
Do I need a medical exam?
That depends on the carrier, the product, the benefit amount, and your answers. Some applicants qualify without an exam while others need additional underwriting. Availability and approval are decided by the carrier.
Talk it through
Not sure whole life is the right shape?
Whole life is a lifetime commitment, and the right design depends on what the coverage is for. A licensed agent will walk through how whole life compares to term for your goal, what consistent funding means over the years, and whether a smaller permanent policy alongside term fits better.
What happens after
The only coverage that comes with someone to file the claim
Billions in life insurance benefits go unclaimed, largely because families never find the paperwork. Buying the policy is the easy part. Being found, years later, by the people it was meant for is the part everyone else leaves to chance.
It lives in your Vault
Your free Vault keeps everything in one place: the policy itself, your beneficiaries, and the documents your family will be asked for.
We can file the claim
When the time comes, your family doesn't have to work out which carrier, which form, or which department. MedaSynq can file the claim for them.
A reduced fee for subscribers
Claim Assist costs nothing upfront and is only billed if the claim pays out, at a reduced service fee for Vault subscribers.
Licensed insurance agency
MedaSynq Insurance Services, NPN 22206860.
30+ carriers to compare
Including carriers rated A or better by AM Best.
A real person answers
Questions before you apply? Call (877) 346-6657.
AM Best financial strength ratings apply to individual insurance carriers, not to MedaSynq, and are shown where available during comparison.
Other coverage
Comparing whole life against the alternatives?
Every option below can be started online, with the same one set of questions.