Joe Stewart asked: The life insurance industry has been misunderstood when it comesdown to the sale of life insurance policies. Folks mustappreciate the fact that dying is just a part of life.There are many things that must be considered before purchasing any life insurance policy. There are 3 main types of life insurancepolicies to look at Term, Endowment and Whole Life. Let's take a look at these three.Whole life insurance is designed to cover you for your wholelife. When you pay your monthly premiums a portion goes to payfor your life insurance while the rest goes into a savingsaccount. This savings account builds what is known as "cash value"that you can borrow against, if needed, after it builds, but itmust be repaid.These Whole Life Insurance policies "mature" whenthe insured individual turns 100 [+]