Does Whole Life Insurance Ever Make Sense? 
There are a lot of answers here which are all correct so I will take a little different approach . Asking the question When does Whole Life make sense is really talking about your situation . If you are looking to protect your family while the children are at home , then Whole Life may not be the best solution or if you have a loan such as your mortgage , Whole Life may not makes sense . However , if you are looking for Lifetime Coverage with not only a death benefit guarantee , because I can give you a death benefit guarantee for a lot less , but a guaranteed cash value to use as necessary in the future years . Whole Life is also used in some type of plans for businesses which is required to be fully guaranteed as well . 