Why To Buy Whole Life Insurance? 
That is a great question ! There are a couple of really good reasons why whole life may be a better fit than a term policy would be . The first is that it lasts as long as you do , and your payments do not change . What you pay the day you buy it is the same you pay years later . Your policy can not be changed if you have health issues , or taken away from you . The second is that if you need to borrow from it , there are no hoops or hurdles to jump through , it 's your money , and they write the check and send it without credit checks , etc. . The third is that as long as you keep it paid up , -LRB- and do n't die doing anything illegal -RRB- you are guaranteed to receive the death benefit . It does n't matter what is happening with interest rates or the market , you are getting the contracted amount -LRB- minus whatever unpaid loans you may have taken out -RRB- . I hope that helps , thanks for asking ! 