I bought term insurance I thought at the time, I did not need to be covered at Age 70. I mean who needs life insurance at Age 70? I have paid off my debts at that time, have no liability, no mortgage and kids have completed college at that time.

The point here is that the difference in premium between whole life and term is invested directly into mututal funds by me. I have had the discipline to do that for 10 years.

I think Whole life is very expensive and the Insurance Co's make a killing along with the pushy Insurance agents.