Term or Whole Life Insurance?

Buy term insurance since it is generally 20% or more cheaper than whole life insurance for the same coverage. Insurance agents push whole life because they get a higher commission than they do on term. Whole life does protect you for a lifetime and the cash value grows tax-free. However, the cash value piece is just a  way to force you to save. You are much better off to just save on your own and pay a premium that is only for insurance instead of for insurance and forced savings.