What is a key feature of Whole Life insurance?

Whole Life insurance is characterized by its provision for cash value accumulation. This means that as policyholders pay their premiums, a portion of those payments goes toward building cash value within the policy, which grows over time on a tax-deferred basis. This cash value can be borrowed against or withdrawn, providing financial flexibility to the policyholder. Additionally, the policy remains in force for the lifetime of the insured, as long as the premiums are paid, making it a lifelong coverage solution.

The other options present features that do not apply to Whole Life insurance. For instance, the idea of being temporary and expiring after a certain term relates to term life insurance, which is distinctly different. Moreover, while cost comparisons can vary depending on the specific policies and situations, Whole Life insurance typically involves higher premiums compared to Term-100 policies because of its lifelong coverage and cash value benefits. Lastly, Whole Life insurance is generally sold as an individual product and does not inherently require bundling with other policies. Thus, the fundamental aspect of cash value accumulation is what sets Whole Life insurance apart from other types of life insurance products.