What Is Whole Life Insurance For? 
That is an excellent question ! Each of the two main types of life insurance has a purpose that it was specifically designed for in the way that it protects . In term policies , it 's to provide coverage for a period of time , and to make large amounts relatively cheap . For whole life , it 's to provide coverage that ca n't be outlived , and to provide cash options that are not available in the term policies . The need you have should be matched to the purpose that best fits that need . I hope that helps , thanks for asking ! 