Whole life insurance is considered life insurance first and foremost, and is commonly purchased to provide peace of mind. That is, if something happens to you, you know your loved ones will still be financially secure. In fact, Whole Life Insurance is the only financial product that guarantees that what you want to have happen will happen, as long as you do as specified in the contract.
But beyond their obvious benefits as a life insurance policy, whole life products are also excellent investment tools that can lead policyholders to a life of financial independence. When structured correctly, whole life insurance policies allow you to enjoy your money now and still leave a financial legacy for your heirs.
A Safe Investment
When you use whole life products as an investment vehicle, you can rest assured that your investments are safe. Life insurance companies have a proven track record of investment strength and security. They have historically outperformed banks and other financial institutions for several reasons.