Why Is Whole Life Insurance Bad? 
Whole Life Insurance is not bad . It depends on who you are talking to and why they are saying that . WHole life provides a service . It gives a client a steady , non chaning premium each month ; it can last till age 100 ; it builds cash flow . It is what is called permanent coverae . Unlike term insurance , it doesnt change as you get older . Whole life is also very useful in providing key man insurance -LRB- insurance a company buys on top performers -RRB- and for those who may want to pay on their policies for a few years and then end up with a paid up policy . There can be many benefits to owning a whole life policy . Sadly there have been those in the marketplace selling and pushing only term insurance . Statistically people do better saving money as they pay their premiums on their insurance instead of `` investing the difference '' The onlyway to see which policy works in your bet interest is to meet with an agent who is not trying to sell you insurance ; rather meet with an agent who is working to provide you with the best insurance option for your particular situation and life goals ; you will be very happy you did ! 