Why Would I Want Whole Life Insurance? 
The primary reason one would want a whole life policy is to have life insurance to cover you no matter what age you would die . There are life policies guaranteed to age 151 . The other simple reason to purchase whole life insurance is its versatility . Whole life insurance is the `` Swiss Army '' knife of life insurance , its cash value can be used for a variety of things from retirement to cash during a critical illness . 