In my 25 years of providing financial advice, I have found whole life insurance to be one of the most important yet overlooked financial planning tools on the market.
From the guaranteed cash value to the income tax-free loans, the long-term care rider and long-term death benefit protection for my family, my whole life insurance policies have been an important part of my financial planning. Whole life insurance has many different uses. I often refer to it as the Swiss Army knife of financial planning. But before we get into the benefits of whole life, let's first review some background on how it works.
