Whole Life Insurance

Whole life insurance does not end after a specified term. As long as you pay the premiums, your beneficiary will receive a death benefit when you die. Unlike most term insurance policies, a whole life insurance policy builds cash value accumulation. It can be initially more expensive than term life.

Whole life insurance has advantages and disadvantages.

Advantages Disadvantages


  • Builds cash value
  • Level premium payments
  • Option for a reduced paid up policy


  • You may not decrease your premium payments
  • Your premium frequency is not flexible
  • You cannot increase your death benefit

At Florida Educators Insurance, many of our clients use their whole life policy to provide for their financial future by combining it with other retirement savings mechanisms. Given the complexity of this insurance product, and its ability to achieve multiple goals, we recommend that you schedule a consultation with our team of experts in order to discuss your retirement plans and the provisions that you have in place to protect your family in the event that you pass unexpectedly or due to old age. We understand how difficult it can be to have a conversation like this with those that are close to you, making speaking with an expert that much more important. For more information, call (813) 600-3268.