answer:There’s insurance and then there’s savings. And with whole life, you get two instruments in one. There are reasons to do whole life, but I’m not sure what they are. The reason for life insurance is to protect your loved ones from a loss of income if you die. If you have no income, there’s no reason to insure you. If you add the savings element, then you are creating an inheritance with tax advantages. Again, if you have no children, then there really is no reason to do this. You might as well save your money and invest it after taxes, and have full flexibility and freedom to do with it what you want in your life. I am leery of tax advantaged savings, except that if you have kids, it does protect money from colleges, and makes you eligible for more financial aid. I don’t think this is fair, but it is the law, so I will take advantage of it. But I don’t even know why you have term life, unless you are working and I missed that somewhere. I don’t think it’s worth doing whole life. It’s much more expensive, and I don’t see how it would benefit you. But maybe someone else knows. There are a lot of books out there about personal finance. One is written by a woman—I forget who, but it’s famous. We used that book about twenty years ago to start our financial planning. I don’t know if much has changed in the thinking about financial planning since then, but it is a topic that can eat up an awful lot of time without that much benefit, so I don’t do it much any more.