Let's address the issue that has divided the insurance industry for decades: Should you buy whole life insurance to "be your own bank," or should you buy term insurance and invest the difference?

Most people purchase a life insurance policy so their loved ones are taken care of when they die. But what if you wanted to cash in on that policy while you’re still alive, to pay for necessities now?

Most term life insurance policies let you convert to permanent coverage, but the rules vary by company ...