Every one you know is living on a budget
Every one you know is living on a budget and when every commodity prices and the cost of living seem to raise there is very less scope left for you for savings. If you think this is reasonable for you, then it is a good option to lock in a premium amount which will not go away facing the view of losing your whole life policy before it matures for the reason that the premiums have become very costly to continue. One of the other reasons why people prefer going for this policy is that it also offers its customer an option to borrow against the cash value built into the policy under certain circumstances.