Is Term Or Whole Life Insurance Better? 
Life insurance is mathematics . Based on records of millions of lives , insurance companies know that a given fraction of a population in a particular age group will die this year . Based with that information on every age they can design a plan that covers the possibility of death in one - to 100 years . At the end of the day that is exactly what you are looking at . How long will you live . If you tell me when you will die , I can prescribe the lowest cost policy for you . If you think you will live for a long time , buy whole life , everything else is just an expense ! 