Whole life insurance can provide policyholders with a number of benefits. One of the main benefits is that the death benefit, or the amount paid to the policyholder's beneficiaries upon their death, is fixed and guaranteed. This can provide policyholders and their loved ones with peace of mind, knowing that financial support will be available in the event of the policyholder's death. Another benefit of whole life insurance is that the policy accumulates cash value over time. This cash value can be borrowed against or used to pay premiums later in life, providing policyholders with a source of additional financial support as they age. Whole life insurance can also provide policyholders with a way to save for the long-term, as premiums remain level for the life of the policy. The consistent level premium can also make budgeting for insurance more manageable. Additionally, Whole life policies are not term-limited like term policies and provide coverage throughout the life of the insured. This can be a major benefit for those who want long-term coverage or want to ensure that their beneficiaries will be protected regardless of when they pass away.