Does Whole Life Insurance Ever Make Sense? 
This is a really good question ! I am glad that you asked it , because it tells me that you 've looked at the alternatives . Here 's what I tell my clients : If you have the money set aside to cover your funeral expenses , pay your debts , and leave a comfortable income for your spouse or children that you know you wo n't have to dip into , then it does n't . If you only need to cover a specific , ending debt like a college expense or mortgage , then it does n't . However , if you are looking for a way to provide protection no matter how long you will live , -LRB- You can not outlive this coverage , unlike a term policy -RRB- this is your policy . If there is a chance that you may need to borrow money at some point , and your credit rating or history makes it unlikely that you will be able to secure a loan , this may be your policy . If you have a desire to move money to loved ones , or a charity in a way that is tax free to them , and not counted as income , this may be your policy . This kind of policy also makes sense if purchased when you are young , as the premiums are locked in at a low rate , and you are guaranteed coverage at that rateregardless of what health issues you may develop . I hope that helps , feel free to contact me with any questions or concerns that you may have , okay ? Thanks for asking ! 