Does It Make Sense To Buy Whole Life Insurance? 
Owning whole life insurance is a wise decision . The next closest rival is term life insurance and companies dont issue term life insurance policies that extend out to life expectancy . Term life insurance policies rarely pay their death benefit . Whole life insurance has tax advantages not enjoyed by other financial assets . It has legal advantages . It has financial advantages . Term insurance can not offer the major advantages because of its limited duration . If the consumer has needs that continue for the remainder of their lives then whole life insurance is the answer . My experience is that as people advance in age they find more uses for whole life insurance , not fewer . 