So you see, despite the fact that there are really a lot newest variations of whole life, like variable life and universal life, with various bells and whistles (claiming to much better than the original, typical whole life policies), the Red Pill Question has to be expected! If you ready to buy insurance, then buy insurance! If you are going to invest, then trade. It's that undemanding. Don't let protection agent trick you into buying a whole life policy based with a assumption may are too incompetent and undisciplined devote your own money.