What Is Better Term Or Whole Life Insurance? 
What is better for the person buying the life insurance policy , depends on the need for which the person is buying the policy . If the need is temporary and the applicant is on a limited budget , Term insurance can be a cost effect way to meet a temporary need . Whole Life is excellent for final expense , business succession , and estate planning purposes , because it is sure to be there at the time of death , which is when it is needed . 