Dont forget, the investment aspect or the cash value that is invested in the stock market through managed funds etc, is growing at a tax free rate! This is a significant feature of the Whole life policy. Imagine you are invested in a mutual fund that is growing tax deferred at 8-10% year!

All the dividends and capital gains are growing tax free. This alone is what is responsible for a rapid growth in the whole life cash value component of a whole life policy. But, remember the significant growth takes place in years 12 onwards. This is when the there is no cash surrender value component.

I own a $1million dollar whole life policy and the cash value is growing very rapidly after 12 years.

To me, the whole life is the answer if you can afford it!