When Is Whole Life Insurance Better Than Term? 
Let me count the ways 1 . When you want to be sure your benefit will be paid out . People tend to keep permanent insurance and drop term . If you drop the policy , no one will collect the money you paid for ! 2 . When you want a premium guarantee for life . Term will , as you know , guarantee the premium for a fixed period only . 3 . When you want cash accumulation at a guaranteed interest rate that is typically higher than any other guarantee-oriented product . What other product is a better fit for the conservative portion of your financial portfolio ? 