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.
Whole life insurance is an investment. Not only are you buying a death benefit for your heirs, you're also getting a policy that lasts for life. Unlike term life insurance that expires after a certain length of time, whole life insurance guarantees that a death benefit will be paid regardless of how long you live.