Is Whole Life Insurance A Good Thing?

  1. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Whole life insurance is a very good thing for most people. The primary purpose of a whole life policy is to have a level premium for a specific death benefit designed to last your "whole life" when you die to pay a beneficiary. Whole life insurance is known as the Swiss Army knife of life insurance policies as it's cash value can be used numerous ways for retirement, college funds, pay down a mortgage or help with an unexpected critical illness.
    Answered on August 29, 2014
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