Does Whole Life Insurance Ever Really Make Sense? 
Whole Life Insurance makes a lot of sense for people that want to have life insurance for theirwhole life -LRB- hence the name -RRB- . One of the benefits of whole life insurance over term life is that the policy never ends as long as the premium is paid . Whole life can also act as a savings account of sorts , building cash value that can be borrowed against in much the same way as a 401 -LRB- k -RRB- retirement account . I recommend reviewing your options with a licensed insurance professional , and seeing what life insurance options make sense for you . 