When Does Whole Life Insurance Make Sense? 
When does whole life make sense ? While I would like to say `` anytime '' , I ca n't . Whole life makes sense when it has time to work . 20 + years and a whole life is an excellent product , probably the best you can do long term . However , when you have limited your time by waiting till later in life to purchase life insurance , the cost of whole life can be prohibitive . Then a GUL -LRB- guaranteed universal life -RRB- starts to make more sense as it can provide lifetime protection at a set stable cost that would be less than Whole life . Whole life still could be a possibility , but usually the cost is up there . 