Whole life insurance is life insurance which covers the entire lifetime of the person insured. Also called permanent insurance, this coverage pays a death benefit to the estate whenever the deceased passes. Executors should review all contracts of the estate to determine what, if any, death benefits should be received. This type of insurance differs from the traditional term life insurance which pays a death benefit in the event the deceased passes during the term of the agreement.
What you need to know
What to say when a loved one dies
Losing someone you love is one of the most difficult and emotionally raw experiences life has to offer— which is why it's often difficult to find the right words to share with a loved one. Please use this comprehensive list as a trusted guide for sharing your deepest sympathies.
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