Term life insurance&Whole life insurance

Which is better (our opinion)? Young families with large financial obligations are usually better off with term life insurance policies.
The substantially lower premiums enable them to purchase sufficient coverage to protect against loss of income. Any discretionary investment funds can be placed in other vehicles (mutual funds, money market accounts, etc.) that are likely to generate returns similar to or better than life insurance policies.
Whole life insurance is often purchased by people for tax and estate planning purposes. You should consult with your financial advisor.