Say your budget is the same for both plans:
When you compare and contrast the two most common types of life insurance policies ( Term and Whole life ) , They both have their respective advantages and disadvantages.
Before making a choice, consider factors such as premiums, coverage amount, policy duration and cash value accumulation.
One of the two will be more beneficial to choose over the other for different situations.
Whole life is permanent; therefore, you will not need to worry about rates in the future and fluctuations of premium and policy face value in the future.
The term is temporary, and the contract will terminate; however, you can have significantly more coverage for the term.
Sometimes it makes sense to have either two stand-alone policies or combined.
I hope that helps you in answering your questions.