Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides coverage for the entirety of the policyholder's life. It is called "whole" life insurance because it covers the policyholder for their entire life, as opposed to term life insurance, which provides coverage for a specific period.
  • There are several benefits to a whole life insurance policy. 
    Whole life insurance provides a guaranteed death benefit to the policyholder's beneficiaries. This means that the policy will pay out a predetermined amount to the beneficiaries upon the policyholder's death, regardless of when the death occurs. This can provide financial security and peace of mind to the policyholder and their loved ones.
  • Whole life insurance accumulates cash value over time. As the policyholder pays premiums, a portion of the money goes into a cash value account, which can grow through interest and other earnings. The policyholder can typically access the cash value through loans or withdrawals, although doing so may reduce the death benefit and the policy's cash value.
  • Whole life insurance provides stability. The premiums for a whole life insurance policy are typically fixed, which means that the policyholder knows exactly how much they will be paying for coverage each year. This can be beneficial for policyholders who want to budget for their insurance costs and who do not want their premiums to increase over time.

Whole life insurance may be useful for policyholders who want permanent life insurance coverage and who want to provide financial security and stability for their loved ones. It may also be a good option for those who want to accumulate cash value over time and who want the option to access that cash value through loans or withdrawals.

It is important for policyholders to carefully review the terms and conditions of their whole life insurance policy and to understand the potential risks and benefits of accumulating cash value and accessing it through loans or withdrawals. Policyholders should also consider their financial goals and needs when deciding whether a whole life insurance policy is the right choice for them. Our knowledgeable insurance agents are here to help you find the policy that is right for your unique needs.

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Kimberley Mondus
Life and Health Benefits Manager


In the insurance business since 1989, with almost 30 years in the insurance business, Kimberley Mondus started with John Hancock Insurance in the group health department, processing medical and dental claims, where she then became a claims auditor and trainer.
John Hancock group health was then purchased by Wellpoint's Unicare Insurance in 1996 where she continued to audit claims for large companies such as Com Ed and Abbott Labs. In 2000 she moved to the agency side of the business for Group Health and Life and has been there ever since. Kimberley joined the Concklin Insurance Agency family in 2015 and would like to continue to add to her knowledge of insurance with Commercial and Personal lines coverage as well. She is licensed in Life & Health as well as Property & Casualty.

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We understand small business because we are one. Concklin Insurance Agency was started by Craig Concklin and his father, Tom Concklin in 1981.  We continue to be a family owned, small business to this day.

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Can I choose my own coverage limits for my home?

Coverage limits are the max amount an insurance policy will pay out in the event of a covered loss. When we are talking about the structure of your home, we are referring to Dwelling Coverage, or Coverage A in your homeowner’s policy. In the event of a complete loss, such as if your home burns down or is hit by a tornado, you’ll want these limits to be high enough to cover the costs of rebuilding your home.