How Payouts Work in Whole Life Insurance?

INDERPAL AHLUWALIA | October 30, 2017

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Whole life insurance policies as the name suggest offer coverage for your entire life, there is no term limit on such plans. As long as the premiums are paid on time and the policy is valid, your nominee will receive the benefit upon your death or if the policy matures. In whole life insurance policy, the policyholder is eligible to get a bonus as and when declared by the company. The policy provides financial security for the whole life term of the policyholder.

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Donegal Insurance Group

The Donegal Insurance Group consists of Donegal Mutual Insurance Company, Atlantic States Insurance Company, Southern Insurance Company of Virginia, Le Mars Insurance Company, The Peninsula Insurance Company, Peninsula Indemnity Company, Sheboygan Falls Insurance Company, Southern Mutual Insurance Company and Michigan Insurance Company.

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