Why Would You Buy Whole Life Insurance? 
Whole life insurance and universal life that is guaranteed not to lapse for the rest of your life , are permanent policies . This means that they will be in effect at the time of death , as long as the policy is not allowed to lapse . So if you want to be sure that your policy will be in effect at the time of death at any age , the only way to have that assurance is to get permanent coverage . 