Revisiting The Utility Of Whole Life
January 23, 2024 by John Osarczuk
For military families, frequent moves, extended deployments, and the dangers inherent to military service require diligent planning — financially and otherwise. With a lifestyle that includes significant uncertainty, whole life insurance offers military families some important guarantees during a lifetime, which makes it a core element of their financial security strategy.
Recent data reveals military families’ strong preference for permanent life insurance. The latest First Command Financial Behaviors IndexⓇ of middle-class military families found that 74% of military respondents own some form of permanent life coverage—specifically with 51% of middle-class military families owning whole life insurance policies.