Why Buy Whole Life Insurance? 
Because it lasts forever and also accumulates cash value . The premium never increases . If you pay it , you will have life insurance forever . The accumulation can pay for your retirement , college education for the children , or down payment on a new home . Why risk having your term insurance run out when you have become uninsurable ? Yes , the initial cost is higher , but over time , it works out , because of accumulation . If you need financial assistance with it , how about getting both term and whole life , gradually increasing the amount of whole life as your income increases ? Thank you . GARY LANE . 