Whole Life Insurance provides lifelong protection with fixed premiums, a guaranteed death benefit, and a cash value that grows over time. Policies are available in two forms: participating and non-participating. Participating policies may pay annual dividends, which can be used to purchase additional coverage, reduce premiums, or be withdrawn as cash—offering the potential for added value and flexibility. Non-participating policies do not pay dividends but still offer guaranteed benefits and stable long-term coverage. Both types are designed to support lasting financial security and estate planning, with the added advantage of building accessible cash value over time.