Because it offers lifelong coverage, as well as the potential for cash value benefits, whole life insurance is understandably a more expensive option in most instances. (aigdirect.com)
Some life insurance policies offer cash value benefit that you can use for emergencies and even request a loan from what you paid over time. (americaninsurance.com)
Another option within the permanent life insurance category is variable life insurance, which provides policyholders the same long - term coverage and cash value benefits as whole and universal life policies. (investopedia.com)