A. For several reasons:
a. You want permanent coverage, with guarantees. Permanent policies provide coverage until the day you die. Term life offers a lower premium cost compared to whole, but the coverage is temporary.
b. Whole life provides guaranteed cash value accumulation, death benefit amounts, and level premiums for life. Guarantees remove the guess work, and provide a level of security other policy types cannot match.
c. Some whole life policies also include living benefits riders, so you can save the money to purchase long term care insurance which you might not need after paying many years of high premiums.