I am an insurance agent with Great Eastern voicing out my opinion. I advocate for term when I present to my clients, except if they are die-hard fans of whole life insurance. Yes the commissions are unattractive but I think that it is good cheap protection at a low cost for the clients. But since the policy does not last whole life, they should purchase another term policy when they are about 40 years old and have more cash, lest the term policy ends. Caution! There are risks of the inability to be insured at an older age as you may have strike a disease, but the benefits still outweigh the costs of term. As an advice, use the money saved from buying term insurance to insure yourself properly against other negative events e.g. Sickness, medical expenses and partial and total disabilities. Striking an illness is More financially draining than death!

Regards
Jomel
Life Planner