Whole life insurance is a small premium for life time benefits; you would take advantage of it while you are alive and while you are not as well. Every one you know is living on a budget and when every commodity prices and the cost of living seem to raise there is very less scope left for you for savings. Nanny cam these savings if any will not be sufficient if you the bread owner was not around to look for your family. This policy is making sure that you and your family has a safe and sound future even in your absence.