Why Is Term Life Insurance Better? 
The only way Term insurance is `` better '' is that it is cheaper than permanent insurance . But then again if the insured does n't die before the term ends you 've just given your money to the insurance company and you and your beneficiary get nothing . So is that better ? The only good thing I can say about term insurance is that it can provide some `` piece of mind '' for a little while until you can afford to convert it to Whole Life and then get not only piece of mind for the rest of your life , but also use the policy for a number of wealth growing strategies and benefit from them while you are still living - and still pass on a nice financial legacy - tax-free . Now THAT 's Better ! 