Life insurance helps protect your family or loved ones against loss of income in the event of your death, ensuring that they can sustain the lifestyle you want them to after you’re gone. Whole life insurance can also act as a wealth-building tool and an estate tax strategy. That’s because the cash value in a permanent life policy accumulates tax-free, and the death benefit is paid to the named beneficiary(s) tax-free. That said, life insurance can be tough to navigate, and that’s why we think you should be pretty careful...