When To Use Whole Life Insurance? 
Whole life insurance is an extremely flexible contract . You can utilize its features whenever you want . You dont need to explain your reasons to anyone . There is a provision to take a low-interest loan from the policy . The policy can be surrendered for several options such as a lesser amount of insurance but without any premiums in the future , or a term policy that will extend the face amount into the future for a number of years , again , without any additional premiums . 