When Is It A Good Idea To Buy Whole Life Insurance? 
My answer to this is it really depends on what you are looking for . Sure premium is a factor however , consider what guarantees you are looking for . If you want a guarantee on the Cash Value at a future date , WL -LRB- whole life -RRB- may be the answer . Typically you are guaranteeing the cash value as well as the death benefit . WL also pays out dividends . You can either feed those back into the policy to get more growth or take them -LRB- perhaps as income as appropriate -RRB- . Whole Life can be good for younger ages as well . The premium is very low and will build value over time to be used as needed . There are many options within WL so as you build your policy , consider ALL the options and then add those which make sense . 