No One needs permanent insurance
After 20 or 30 years of term life insurance, will your estate value drop overnight dramatically?
This of course won’t matter in retirement unless someone wants to spoil rotten future generations. Not so fast, without a death benefit in place, a retiree is forced to multitask with their portfolio for all retirement and legacy goals. Whereas an additional tax-free death benefit provided by whole life can act as a permissions slip for a retiree to maximize their pension benefits, spend down retirement assets, and enjoy Social Security without disinheriting their spouse.
A Whole Life policy will put parents first!
See next argument here.