If so, you'll probably want to review the benefits of a whole life insurance policy before making your decision.
Whole life insurance is a type of life insurance poli8cy that provides permanent, guaranteed lifetime protection, as long as you pay your premiums on time.
Whole life pays out a death benefit to the beneficiary of the life insurance policy, upon the death of the insured person.
In addition, whole life insurance builds up some cash value inside the policy over time, from which the owner of the life insurance policy may take a loan if needed.
Learn about whole life insurance and term life insurance coverage.