Reasons you need a whole life insurance, gift for grandchildren, college funds, retirement funds connie dello buono 12 years ago Reasons you need a whole life insurance, gift for grandchildren, college funds, retirement funds. Reasons you need a whole life insurance, gift for grandchildren, college funds, retirement fundsDateSeptember 12, 2014In relation toasset protectionTerm Life Insurance versus Index Universal Life Insurance with living benefitsDateJanuary 10, 2014In relation toestateCertainty in lifeDateAugust 3, 2022In relation totax free savings 8-13%