Is Term Life Insurance Better Than Permanent Life Insurance? 
If ALL you are looking at is Price , then Term insurance , being a good deal less in price for the same amount of permanent insurance would be `` better '' . However if you 're looking for VALUE , Whole Life is far far better than Term ! There are several types of `` permanent '' insurance as Steve noted above . However Whole Life , -LRB- or `` Par Whole Life '' -RRB- , is the only one that truly guarantees level premium and guaranteed no downside risk to the cash value of the policy . And I would add that the best value in Whole Life Insurance is that which is purchased through a Mutual company that pays dividends to the policyholders . 