Whole Life Vs Term: What If Cheaper Insurance Was The Smarter One All Along?

Akshay Sardana’s take on why term life insurance may beat whole life for many policyholders | The Finance 360

Life insurance isn’t one-size-fits-all, and for many individuals and families, the simplest, most affordable option may deliver the most value. Whole life insurance offers lifelong coverage and a cash value component, but comes with higher premiums that can limit flexibility. Term life insurance, with its lower cost and straightforward structure, allows policyholders to secure substantial coverage without tying up funds in expensive permanent policies. By focusing on personal financial goals, risk tolerance, and long-term planning, many people find that term coverage better supports their broader financial strategy — offering protection without unnecessary expense or complexity.