The main reason why you should hate whole life insurance is that IT IS EXPENSIVE.
And we are going into detail in this article, just how expensive it is to buy a whole life insurance plan compared to a term life insurance plan.

For a start, let's compare the real cost of whole life and term life insurance plans.
We will get a whole life that covers the insured for life, and a term life that covers the insured until age 65 (the general ballpoint mark used).
We got the 3 cheapest insurance quotes for each insurance plan from MoneyOwl.

Insured Person Details:
Gender: Male
DOB: 01/01/1995
Smoker: No
Premium Type: Annual
Sum Assured: $300,000
Critical Illness Coverage: Nope
Source: MoneyOwl
The Comparison

Annual Basis
A whole life insurance plan is on average 10x more expensive than a term life insurance plan.
You could save 90% of the premiums by just opting for a term life insurance plan.

Whole Package
If you...