Why Is Whole Life Insurance Bad? 
Whole Life Insurance is n't bad , but it may not be the most economical way to protect your beneficiaries . If the financial need is temporary then term life insurance with a conversation provision is the way to go . If the financial need is permanent , then guaranteed universal life is generally cheaper . However for tax advantaged income , participating whole life with a maximum term and paid up addition riders , could provide retirement income for a long haul conservative profile saver . 