Is Whole Life Insurance A Good Idea? 
Product suitability is determined by a personal financial profile that includes a risk tolerance assessment , financial goals and life expectancy . Whole life insurance , participating whole life insurance is a permanent life insurance policy with annual dividends . Generally guaranteed universal life ins cheaper than whole life for indemnification scenarios , whole life as a supplemental retirement fund may be a consideration for conservative savers if the policy is designed for cash accumulation . 