Is Whole Life Insurance Better Than Universal Life Insurance? 
First there are more than one kind of Whole Life and more than one kind of Universal life policies , but as indicated above what is best for YOU depends on your needs and goals . Personally I 've seen too many times that people who buy Universal policies are uninformed as to how they work . Then when the cash value has been eaten up by the increasing cost of insurance and the policy eventually terminates due to non payment of the increased premium , the policy holder is no longer insured and ca n't afford a new policy ! With Whole Life as well as Universal you may pay more into the policy and increase the cash value as well as the benefit faster . But with Whole life the premium is guaranteed for life and the cost of insurance will not increase and devour the cash value and the policy ! Personally I favor Whole Life with a Mutual company that pays dividends on top of the guaranteed interest . 