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:
- College expenses
- Paying off student loans
- Purchasing a home
- Paying off high interest credit card debt
- Leaving a legacy for a Catholic charity