do you have your whole life insurance?

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In most term insurance, many policy holders became upset over the idea that they could be paying premiums for 20 or 30 years and then wind up with nothing to show for it. On the other hand, whole life insurance has a great deal of difference among other insurances. This produced a benefit to both the policy owner and the insurance company. By guaranteeing the death benefit and the cash value, the policy owner was assured that insurance coverage would be in force when the insured died. The insurance company benefited because with every premium payment made, the net amount at risk, and thus the cost of insurance, was reduced. To be honest I am not against of having this whole life insurance. In fact I have known friends that really benefited from it. One can really compare a life with and without the whole life insurance. In many needy times, this whole life insurance could really help. It was just sad that the insurance companies here in our place aren’t that stable. Most of them come and go. Only few of us here have their whole life insurance. One of the primary reasons is that the stability of the insurance companies. Another reason is that I have known some friends who were not satisfied of the services bestowed by these companies. If I have to compare on saving my own money in a bank than giving them out to insurance companies, I guess that would be more beneficial in my part. Aside from that fact that the money we save in the bank also grow through the interest, we can also get it anytime and anywhere we want it. Also, paying more to buy whole life, variable life, universal life makes no sense. These policies do eventually build up cash value but you can save a heck of a lot more by investing the money yourself in just about anything. Others also prefer commercial insurance where applications are held online. A friend of mine had his queries like if whether he is still really covered by these policies even if he’s outside the country. Is there really some kind of stipulation about having a residence because he’s not interested in travel insurance as he considered it a waste. do you have your whole life insurance?