Whole life insurance comes in many shapes and sizes. This is the one type of life insurance that I am not an expert in. But, if you want to know how these policies work, I suggest you visit here or here. They all have the necessary information to make good decisions about whole life insurance.
In most cases, term life insurance is the best bet, especially if you are getting the insurance to cover debt in the case of your premature death. Whole life is generally used because of the cash acumulation options, and also because it can cover you until age 100 or even later.
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