Permanent life insurance

What's your intention for getting insurance? You can get a much higher coverage for less monthly payment with term... so from a standpoint of protecting your family if you die, term is "better". Of course, if you don't die you never get any money.

However, as a savings plan, whole life insurance is terrible for a rate of return. You'd be better off, saving your money in a mutual fund.

I went the direction of getting term life insurance and saving money in a mutual fund.