[jmjj215]

That's all correct. It's amazing how hard those agents will push whole life, universal life, whatever you want to call it, on to people. The premium costs so much more and the actual return on that additional money you have to pay towards your premium is horrible. A very disciplined approach would be to by term as mentioned above, then invest the difference between the whole life and term premiums into a long-term vehicle such as an indexed mutual fund. And if you want a guaranteed return you could always use that money to pay off credit card balances, a financed car, or your house.