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.
With whole life insurance, the higher the premium you pay, the higher your cash value accumulation. This type of permanent life insurance is not difficult to understand. Once you decide on the amount of death benefits you want, the premium you pay is guaranteed for the life of the policy.