Life Insurance Direct What Are The Pros And Cons Of Term Insurance | Page 8

Who Should Get Whole Life Insurance?
If you are one of many who have decided to get a permanent life insurance
plan, then you may have also realized that it’s actually an umbrella term that
covers a few different life insurance plans. So, deciding between whole life,
variable, and universal life insurance can be a bit tricky. For those looking at
whole life insurance, here are a few advantages and disadvantages of it:
Keep in mind that whole life insurance is a form of coverage that covers the
person from the time that they get it to the day that they pass on. It’s also
one that usually has a locked-in premium that stays the same as the years
pass.