Whole life insurance has to be one of the most universally hated products by the personal finance community. However, despite the scorn, whole life insurance is still sold broadly by any financial advisors and insurance agents, driven largely by its very juicy commission rate. Buyers are led to believe the policy’s investment benefits outweigh the higher costs and they’re sold on the security of a permanent life insurance plan. As such, explaining the benefits of term versus whole life insurance is one of the most common questions I get from friends, family, and readers. To answer, as always, it is