Is Term Life Insurance Cheaper Than Whole Life Insurance? 
Term life insurance is almost always cheaper then whole life in the short run . Over the course of one 's lifetime , if the insured keeps purchasing a new term policy when the old one ends , they may find that the cost of whole life -LRB- locked in while young and in good health -RRB- could beat the cumulative term prices . One time when whole life prices can actually start out better than term is for persons with serious health conditions . Sometimes getting simplified issue whole life is the safest and cheapest way to go . 