Why Would A Person Need Life Insurance? 
The reasons and needs for a person to buy life insurance are as varied as there are people ! If you need a secure investment that returns a guaranteed minimum interest rate that is n't taxed ; if you need to provide a financial legacy that wo n't be taxed ; if you need a fund that you can tap into at will without being taxed on it and that will continue to grow even as you use the money ... These are just a few reasons you might need life insurance . But i each of the cases cited here the type of insurance you need is Whole Life - not Term , not Universal . 