Who Benefits From Whole Life Insurance? 
There are multiple parties that benefit from whole life insurance . It benefits the insured because whole life insurance builds cash value and earns a guaranteed interest rate . It also helps the insured sleep well at night knowing that in the event of premature death , his beneficiary will receive a death benefit . The insured can also take a tax-free policy loan out of the cash value since whole life is one type of cash value accumulating life insurance . The most direct benefit of whole life insurance is the death benefit payable to the beneficiary tax-free upon death of the insured . 