Why do people buy whole life insurance?
There are a few common reasons most people purchase a whole life insurance policy.
1. To provide lifetime life insurance protection.
2. To build up cash value in a life insurance policy over time from which they may be able to take a loan if needed.
3. Because they are older and don;t have any money saved to pay for their funeral and burial expenses.
Otherwise, many people choose to buy term life insurance because it costs a lot less, and provides the most l...
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