Cons of Whole Life Insurance

 Some people advice that the disadvantages of whole life insurance are greater than its advantages.  Considering the premiums, being fixed, they are usually higher priced. The investments on whole life insurance may be less attractive than on other types of investment. It can take more than ten years to achieve an attractive level. Also, the more important is that you generally will not need a life insurance after the age of 65 or thereabouts.