I bought Whole life/Permanent policy because I was told that it was a great way to save a bit of money, and obtain permanent life insurance. I choose Whole life over term because term though it is cheaper, runs out after 10 or 15 yrs!

I bought when I was 30 years and maximum term policy I could buy at the time was for 30 year out! What would happen if you lived longer than 60 years, who is going to give you insurance at Age 60 with preferred rating with all potential health problems at that age!

Think about insurability at Age 60!