Quote:
Originally Posted by txjoker
I said whole life, not term life. Although they are both insurance, their purpose is a bit different I think. The whole life policies can be used as a supplemental. It can be withdrawn at any time without penalty. And, you do not have to die to collect.  |
yep, whole life has what i call a "living benefit". the longer u live the more your policy face amount is worth as well as the cash value.