37) Commercial paper that is sold without going through a broker or dealer is known as A. book-entry - Answered by a verified Financial Professional Finance Have Finance Questions?
Life insurance is usually used to protect your income for the benefit of your dependents (although there are other reasons to purchase life insurance, such as for estate planning). You should in most cases purchase life insurance when you have dependents or when you have a large outstanding debt such as a mortgage.
The best reason to consider whole-life or universal-life insurance isnât the accumulating cash value, although thatâs part of the deal. The real issue is whether youâll need coverage beyond 20 or 30 years -- or after age 65, when term gets expensive.lso consider how many years youâll need insurance. If youâre in fine physical shape, you can buy a new policy and lock in the price for 20 years. Because prices for term have been dropping steadily, you may not pay much more to extend your coverage if you reshop in, say, five years.