When the markets are doing well then Whole life is the worst investment ever. But do you remember when the recession hit, (I guess you can say we are still in one) EVERY single person with a WHOLE life  policy said this was the BEST investment ever. I agree term is cost efficient and practical but permanent can also be...more

Premiums on Permanent policies DO NOT increase. That's the whole point. They are priced high in the beginning but the longer you live the more cost efficient it becomes. Term Insurance is cheaper in the beginning but becomes too expensive later on. Your best bet is to have a combination of both.

Term Insurance IS the more profitable product for an insurance company because the chances of someone dying in the given term is very low and they don't give you your money back. That is why permanent insurance is priced higher at the beginning because it WILL eventually pay off at some point in your life. It's...more

I saw Suze Orman give someone who had a permanent policy for over 10 years the advice to cancel. That is crap advice, what if it was paid up in 10 years she asked for no details of the persons policy and that is poor financial advising. The longer you own your permanent policy the more cost effective it becomes. Can...more