Which Is Cheaper Term Or Whole Life Insurance? 
In the initial years term is cheaper . However if you need the insurance for long term needs term insurance gets unaffordable in later years because the premium will increase with each term . Some policies can not be renewed after a certain age . Whole life premiums are more per month , however the premium never increases and the cash value build up can make the total net premium far less less than term in the long run when you subtract the cash value from the total premiums paid . Which is better ? It depends on the reason for the policy . 