Whole life is better but it's more expensive. Whole life doesn't require you to come up with a expiration date of when you think the person will pass. Whole life will give you peace of mind.

I like the whole life Insurance even though it is bit expensive. Because if you have done. then it is done. But with the term life insurance, you will have to work on it again and again. That would be an headache and also that might discourage you ti quite from the insurance plan.

But the whole life insurance policy is not like that. It is very easy to maintain and stress free also. But that is true that it is all depends ion the financial capacity that you have. So if you are okay with your finances, then you better to go for a whole life insurance and if your finances are not enough then I would suggest at least to go for a term life insurance. However having a life insurance policy would be better especially if there are any dependence.