Who Needs Whole Life Insurance?

1. 

   63333 POINTS

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   Peggy Mace

   Most of the U.S.

   Anyone who needs life insurance that will last until death at any age needs Whole Life Insurance or Universal Life Insurance with a no lapse guarantee. Without that, the policy might end just before it is needed, and then the possibility of getting a new life insurance policy might not exist. I.e. if you want life insurance to cover final expense, or to pass an estate to someone else, a permanent policy is needed.

   Answered on July 2, 2013

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