Michele is a young professional in her mid-twenties looking to take out a life insurance policy on herself. She is looking for something that she can also use as a kind of savings account to possibly cash in much later in life. What is most likely the best type of life insurance policy for Michele?

Question

Quizplus · Accepted Answer

Whole life insurance is the best option for Michele because it not only provides a death benefit but also includes a savings component that can accumulate cash value over time, which she can potentially cash in later in life.

Michele Is a Young Professional in Her Mid-Twenties Looking to Take