Is Whole Life Insurance Ever A Good Idea? 
First you need to understand that there are a number of variations on Permanent or Whole Life Insurance . Universal , Indexed Universal , Variable Universal , and straight Whole Life are all `` Permanent Life '' insurance . That said , I would answer your question by saying that Whole Life Insurance is Always a good idea ! From there it needs to be determined what you range of objectives are to determine which type will be best for you . As mentioned above Whole Life is Cash Value insurance that grows cash value tax free at a minimum guaranteed rate . The exceptions are the variable and universal varieties , which are subject to stock market variations and cost increases . 