It can be a very satisfying feeling when you become aware of the advantages of whole life insurance for the first time. A very convincing life insurance agent persuaded you to buy your whole life insurance policy 20 years ago. You subsequently bought some term life insurance as well because you felt you needed additional life insurance protection for your family. The only time you thought of your whole life policy since is when you heard the constant buzz that term life insurance was better. You never took the time to get into the details because you earned a good income and never was short of cash. 20 years down the line you decide to find out a little more about your whole life insurance policy.