Why Is Whole Life Insurance Bad? 
Whole Life Insurance is GOOD ! It 's not bad ! In fact it 's NEVER bad ! I like what Larry said above here ... `` Whole Life is bad because I want to sell you something else '' ... which in fact is an illegal practice called `` twisting '' . So if that 's the case and the reason you asked this question you should tell the person that told you whole life is bad that you 're thinking of reporting them to the Insurance Commissioner ! Even when people have money enough to provide their families with a comfortable lifestyle for generations they still buy whole life insurance . There are many reasons why , including the guaranteed , tax-free growth of wealth . 