What are the advantages and disadvantages of whole life policy?

What are the advantages and disadvantages of whole life policy?

Whole life insurance can be advantageous in its cash value benefitting you while you’re alive, its whole life coverage, as well as its predictable premiums. However, it does have its drawbacks and disadvantages, such as its potential higher premiums, its slow accruing cash value, and its complex structure. Jan 15, 2020