Does it make sense to buy term and whole life insurance?

Reasons to buy whole life insurance. In almost every corner of the financial universe, we're told that term life insurance is a better deal than whole life insurance. In general, I agree – I think we all do. But, there are times when whole life insurance actually makes sense. Based on logic alone, it has to be true. read more

Using permanent life insurance as an investment might make sense for some people in some situations—usually high net-worth individuals looking for a way to minimize estate taxes. For the average person, the odds are poor that permanent life insurance will be a good investment compared with buying term and investing the difference. read more

Buying whole life insurance can make sense for a lot of different reasons. If you need a death benefit to leave to loved ones that lasts your "whole life" certainly this product can accomplish that goal. read more