Why Whole Life?
There are a variety of reasons people choose to get whole life insurance. Some people want to ensure their burial expenses are covered. Others would like to leave money to take care of any bills that may be outstanding. And there are those who would like to leave a financial legacy for their loved ones.
Whatever the reason, whole life insurance is a good option for many people, according to Matt King, owner of ImmediateBurialInsurance.com. Payments remain the same throughout the life of the policy, which never expires.
“It’s permanent, so you’re not going to outlive it,” King said. “It helps provide peace of mind for not just the person insured but also their family members and friends.”