Whether or not whole life insurance is recommended for you really depends on what you need the insurance to do - what your goal is for your life insurance?

If you are looking for life insurance protection only to cover you for a short period of time, then perhaps a term life insurance policy would make more sense, since it offers low cost life insurance coverage for a period of up to 30 years.

If you are looking to create a tax-free legacy for your children or spouse, cover f...