Is Whole Life Insurance Recommended? 
As Jim mentioned it really depends on what you want your insurance to do . If you need permanent insurance to solve a permanent need then whole life could be an option . Whole life can be either participating or non-participating . If you have a participating policy then you participate in the profits of the insurance company . If you have a non-participating policy then you do not share in any profits , but chances are that your initial premium would have been lower . Another type of permanent insurance is Universal Life , which typically allows for more flexibility in premium level and investment options . Each type has its strengths and weaknesses I recommend that you would with a local insurance broker to find the plan that is right for you at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 