Why would I purchase a whole life insurance policy if I have no dependents?
The main purpose of life insurance is to provide loved ones security and peace of mind in the event of your death. Whole life insurance offers the insured living benefits from accessing the accumulated cash value that can be used towards:
Paying off student loans
Purchasing a home
Paying off high interest credit card debt
Leaving a legacy for a Catholic charity
A Catholic Order of Foresters Agent can help you structure your financial portfolio with a whole life policy to fit your needs and give you peace of mind knowing you will accomplish your financial goals. Loans against your policy accrue interest at the current variable loan interest rate and decrease the death benefit and cash value by the amount of the outstanding loan and loan interest.
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