Why Would I Want Whole Life Insurance? 
That is a great question ! There are some of the televised financial guru 's that tell you that term life is the way to go , and to forget about whole life as an option . They are right , if you are one of the 1 % who can save enough money in tax deferred or tax free shelters to pay for your final expenses , and leave behind enough tax free cash to support your family when you 're gone . If that 's you , then you do n't need it . If that 's not you , then to have a policy that you ca n't outlive , like you might a term policy , -LRB- and never have to worry about being denied coverage when that happens -RRB- is a great reason . To have a source of no questions asked cash if you need it one day is also a big plus . Having a pretty surefire way to pass wealth down without having to worry about wills or probate is also a great reason . I hope that helps you , thanks for asking ! 