In contrast to Vicki states wholeheartedly, sincerely believe that we should not buy anything other than life insurance long term. When you have an agent trying to sell you whole life, variable life insurance or life insurance be prudent extra survival time with this life insurance agent, as they may be looking in their own interest and profit instead of you and your loved one.Whole Life Insurance vs. Term
Permanent insurance, including whole life, universal life, variable life insurance life and survival has been built on a "cash value", but when one understands that the cash value actually means nothing at the bottom that will never to think about buying any type of permanent ins.
Cash value is the "investment" of life insurance that can be accessed through loans or withdrawals. The death benefit can be reduced with the withdrawal and may have some charges that could affect his political future.
Moreover, you definitely do not want life insurance forever. If you understand how expensive it continually pay on a policy of life can be no doubt reconsider the purchase. At age 100, the cost is $ 1000/month for each $ 1000 of coverage. So if you have a policy that will cost $ 500,000 to $ 500,000 per month to 100 years. All you need, when you're younger and when you are counting on you charge for admission. Outside this time period do not need this coverage. Again, it's only for a limited period of time.
