Whole Life Insurance

Are you looking for the best whole life insurance policy to protect your family?

OHANA life insurance has been providing its clients with life insurance policies that will cater to their needs and requirements. Every life insurance plan is designed to cover the lost expense, provide financial security and cover certain offset expenses.

Policies and consequent premiums are designed keeping in the mind the age of the client at the time of the policy. Most life insurance policies have a higher premium than term life insurances since they cover for a longer duration. All the benefits of whole life insurance will cater to the policyholder’s requirements that will arise with time. The primary benefit of whole insurance is that it helps the policyholder financially. Several providers offer dividends yearly based on performance. The policyholders can cash out these dividends along with their policy’s cash value during a financial or medical crisis in the future.

When is the right time to buy whole life insurance?

The right time to avail yourself of whole life insurance is when you start a family and have dependents. In case you have term life insurance then you can convert it to whole life insurance for a similar situation. This could arise when the client is 30 or more than that. Availing a life insurance cover not only provides peace of mind but also helps the policyholder to pay off any debts and liabilities for a set period.

Other than the financial advantages, in case the policyholder is injured or is undergoing treatment and he or she will receive death benefits earlier. In addition to that adding the spouse and children to the whole life insurance policies is an ideal procedure since maturing individuals can receive the level premium to plan things around in the absence of the policyholder.