If you are considering the purchase of a whole life insurance plan you may be wondering when is the time to buy whole life insurance?

Basically, whole life policies provide you with lifetime protection and may build cash value inside your policy, but cost more than term life insurance. So,here are some reasons for buying a whole life insurance plan:

1. To provide lifetime life insurance protection.

2. To build up cash value savings inside the life insurance policy from which you may take a loan ...
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A whole life insurance policy is a type of life insurance that provides lifetime protection.

Whole Life offers guarantees on a couple different levels as it applies to your life insurance policy.  

First, the death benefit is guaranteed to remain level,  and second, the premium is guaranteed to remain level, and lastly, the cash value is guaranteed. 

Whole life insurance policies build up cash value inside the whole life insurance policy over time. You may be able to take a loan...

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