1. It is a permanent Insurance and guarantees pay out to beneficiary one day, when ever the insured happens to pass away.

2. Funeral planning or final expense planning is a good fit for whole life policy as we know that one day for sure money would be needed and this whole life plan would payout the coverage amount to the beneficiary that too 100% Tax Free.

3. Estate Planning – when estate is transferred from one generation to next; there are tax consequences, depending up to how much is needed, that can be worked out with accountant, whole life insurance policy could be bought so as your estate gets transferred fully to your heir without parting a major share to taxes.

4. Children or Grand children – that is another major reason why parents or grand parents buy policies to leave money behind to help their children go to university or help them buy first car, or first home down payment or marriage.

In case you have any specific question or concern please feel free to contact us and one of our licensed life insurance advisor will be more than happy to assist and answer your questions. Our Toll Free Number is 1-800-283-5467.