Why Is Whole Life Insurance Good? 
Why is whole life good ? Well there have been several answers that will cover the bases pretty well . A locked in premium , tax deferred growth , a death benefit that grows over time , etc. . Let me give you another reason . a reason that you may not realize until later in life if something happens to you but does n't kill you . That 's right people get sick . Diabetes , high blood pressure , heart problems and so on can and actually do happen to a large segment of our population . The reason I want to point out pertains to the things I just mentioned . Why is whole life good ? Because they ca n't take it away from you . YOU control the policy . The price ca n't go up , the policy ca n't really run out of years and end prematurely . Why is that important ? When I got sick with my type II , hyper tension and recently AFIB , what a reassurance it was to KNOW I was still in control of my policies , that they were n't going to end or explode in price on me . Whole life is expensive because it 's a product the INSURED controls . Cheers . 