Why Is Whole Life Insurance So Expensive? 
Why is whole life so expensive ? Because it is the ONLY product that really will cover you for your whole life . You are paying a premium that is LOCKED in time , they ca n't come back and raise the price . Finally , when you buy whole life , YOU control the policy . Nothing can be done without your permission . I guess I would add this , the insurance industry is an industry of math . It is statistic driven and risk oriented . If you were an insurance carrier would you charge the least or the most for the product you bare the most risk from for payout ? Once an insurance company has sold a whole life , they 're no longer in charge , the insured is . 