We wrote an article that described the 3 reasons why whole life insurance is a bad idea. How can we write an article about why whole life insurance is a good idea? Are we talking from both sides of our mouth? No. It is simple: It is your situation that dictates if a whole life insurance policy is needed. Chances are, it is not, but some people and families need whole life insurance.
This article is intended for people who are considering whole life insurance (see our article on why it can be a bad idea, too) and for people who currently have a whole life insurance policy and considering dumping it. Honestly, if you have a current whole life insurance policy, it may not be in your best interest to dump the policy.
We will explain more in a minute.
Chances are, if you are reading this article, some agent presented the virtues of 
You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short).
You don’t wake up in the morning, turn to your spouse, and say “Honey, let’s buy some burial insurance.”
Years ago, marijuana users couldn’t obtain life insurance. No way!