Why To Buy Whole Life Insurance? 
Why buy whole life insurance ? Well I bought whole life for several reasons , maybe they apply to someone else , maybe not . Life insurance is a personal choice . I can only really tell you why I bought it over term . First , I planned on living as long as possible , term does not work if I do that . Then I like that the death benefit increased over time to help battle inflation . I liked that the cash values were mine to do with what ever I like with . I do n't have to ask permission to take money out or put money back , it is mine to decide . I like that the price is locked in . I like that the insurance company can not come back later and increase my costs . I have control . I like that when my health changed and I became uninsurable that I had policies I controlled that they could n't price me out of or change the terms of . They were mine , purchased when my health was excellent . Twenty years later , when my health went south , the policies did n't . I like that my cash values did n't count against my kids FASFA contribution count . I really like that in 2008 when my real estate , market investments all took a big dump on my portfolio , my whole life did n't go backwards in value . In fact that year it was my most profitable portfolio item . I like going to sleep at night knowing my policies will be there for my family if I do not awake , but I really like that these policies will not let me down or be subject to the extreme market ups and downs that the rest of my portfolio is . This is just a few things I can mention . There are many many more but hey it comes down to what you actually want to happen , not what somebody else tells you what you should want . If it does n't fit what you want , do n't buy it . 