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Permanent Protection for Life

Whole Life Insurance

What is whole life insurance?

Whole life insurance provides permanent protection for life as long as premiums are paid. In addition to a guaranteed cash value that you can access through a loan, your loved ones are guaranteed to receive a death benefit.1

You should expect to pay a higher premium than you would for a term life policy, but your premiums remain the same throughout your lifetime.

Transamerica does not provide online quotes for whole life insurance. You will need to contact an agent to get some pricing options.

Whole life insurance policies from Transamerica

Transamerica offers several types of whole life policies so you can decide which one best suits your needs. These policies include:

  • Individual whole life insurance
  • Group whole life insurance

Is whole life insurance taxable?

Death benefits paid from a whole life insurance policy are free from federal income tax. Although inheritances are generally subject to estate taxes, ownership of whole life insurance may be set up in a way to not pay estate tax as well as a great way to leave money to your beneficiaries that is free from federal income tax.

Does whole life insurance have cash value?

One of the features of whole life insurance is the tax-deferred cash value that builds up over time. The longer you have the policy and pay premiums, the more your cash value builds up. Your cash value may be accessed at any time as a loan2. This loan will need to be repaid in full to keep the full death benefit amount on your policy.

Get a quote for whole life insurance.

For over 100 years, Transamerica has been a trusted leader in the insurance industry. It is our mission to help you live better today so you can worry less about tomorrow. With the comfort of knowing you have quality coverage, you and your family can focus on living well and living long.

You never know when you’ll need life insurance. Find out if whole life insurance makes sense for your family.