Life insurance becomes necessary the moment someone else depends on you. It can be your spouse, children, or even your parents. If your death would affect the lifestyle of someone you love, it’s time to enroll.

Whole life provides a specified lump-sum benefit to your beneficiary at the time of your death. These policies do not expire, and the price of your premiums typically won’t change from the date you enroll. And, even if you leave your employer the policy stays with you.

An additional advantage of whole life insurance is that it accumulates cash value throughout the life of the policy.