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Although whole life insurance does tend to require payment of a premium every month, it also gives the owner the piece of mind that their premiums will never increase. Whole life insurance programs also offer quite a bit of flexibility if the owner experiences changes in life. For example, if an injury does occur, some or all of the premiums may be paid for you by the company. You may also take money out of your program if needed, however this is not recommended. Overall, there are many benefits to whole life insurance, the purchaser must also take their future plans, income level and potential health risks when making decisions about whole life or term life insurance policies.

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12y ago

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