Probably yes, advantages are:
Cash value can be accessed at any time through whole life insurance policy "loans". Since these loans decrease the death benefit if not paid back, payback is optional.
Whole life insurance cash values are not paid to the beneficiary upon the death of the insured; the beneficiary receives the death benefit only. It makes this kind of policies cheaper than others.
Whole life insurance premiums are much higher than term insurance in the short-term, but cumulative premiums are roughly equivalent if policies are kept in force until average life expectancy.

Probably not, check these reasons first.
The primary disadvantages of whole life insurance are premium inflexibility, and the internal rate of return in the policy may not be competitive with other savings alternatives. Riders are available that can allow one to increase the death benefit by paying additional premium. The death benefit can also be increased through the use of policy dividends.