Should I get a term or whole life insurance?

Im 30, healthy, single and no dependent, and I was thinking of getting life insurance but that world is confusing as heck. Some say it's best to go for whole life because it never expires and increases in value overtime, while others say to stray far from whole life, especially with no dependent and get a low premium term policy instead and invest the remaining amount I'd pay for whole life.

I spoke with an agent with New York Life and she said whole life is the way to go because she offers a policy that'll pay cash value in case of terminal illness, which term doesn't have, but it's almost $100/m for me for $100k. I don't really need $100k, just like $20k for surviving fam members and a cremation, but she's pushing the $100k and says that'll be my best investment.

What do you all suggest? Also, do you know of a reliable source where I can dive deeper in the world of life insurance?

submitted by /u/Physical-Opposite330
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