Why Is Whole Life Insurance So Expensive? 
That is a great question ! There are a couple of reasons why whole life insurance is expensive , especially compared to term life . The first is that it is almost certainly going to pay out . As long as you 've kept up with the payments , and did n't die doing something illegal , the insurance company is sending someone a fat check . Term policies are cheap , because statistically , they pay out far , far fewer times . -LRB- They also have much stricter health requirements to get , while whole life is more lenient -RRB- . Whole life is also more expensive because of the costs of storing and investing your premium money . Unlike term , the money that you put into your whole life policy can be borrowed from the policy if you need it . Term policies only collect enough to cover the cost of your insurance , and have no cash value . I hope that helps , thanks for asking ! 