Future makes us dream, haunts us, bothers us and is the most valuable asset which, though presently not in our hands but if nurtured properly can come as a windfall. Once you have secured your 'tomorrow', your 'today' automatically becomes relaxed and tension free. The earning member of a family is entrusted with the responsibility of supporting the life of every member of the family. Whether it's the matter of children's education or parents' medication or spouse's desires for that matter, a responsible person has to bear every burden of the family on his shoulders. In fact, he is the pivot on which his kins balance their life. By insuring his own life, the earning member can make sure that their lives are not left crippled after him. Insurance policies are becoming popular day-by-day going by the fact that the common man in India is getting wise about his own well being. Gradually, perhaps due to the growing level of literacy, the concept of insurance is getting clearer. As the mist is lifting itself and consciousness is getting surfaced, people are getting inclined towards life insurances. Those wishing to get themselves and/or their family insured can either go for a whole life insurance or term life insurance; the latter is definitely gaining popularity. The term life insurance as against the whole life insurance insures a person for a shorter span. The insured gets a coverage for a minimum period of 1 year. However, there are insurance policies offering coverage for 5, 10, 15, 20, 25 or 30 years as well. The best part is if ever you feel that you want to extend your term life insurance to a whole life insurance, you can always update it! Whole life insurance definitely has its benefits. The cash value is guaranteed. Moreover, the insured may earn dividends in addition to the cash value. This type of insurance offers a number of guarantees and is the most comprehensive insurance type evolved till date. But most importantly, a whole life insurance accounts for financial independence at the dusk of life which in today's context holds a great significance. But how exactly to go about it? You can always go for an online study about the insurance policies and the insurance companies offering them. Choose a plan which suits your priorities. Alternately, you can drive to a reliable insurance agent you know who can help you in this regard. You are all set to put your lifeguard on!