Some advantages of whole life insurance are that it can provide coverage until death,the premiums and death benefit are guaranteed,and there is a savings or cash value feature.

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Whole life insurance policies typically provide coverage until the insured's death, and the premiums and death benefit are usually guaranteed. These policies also have a savings or cash value feature that can accumulate over time and be used for various purposes, such as providing a source of emergency funds or borrowing against the policy.

Some Advantages of Whole Life Insurance Are That It Can