<prompt> Human: Ive always been of the opinion that whole life insurance is a bad bad idea, but in meeting with our financial planner we discussed our concerns about long term care. He compared long term care insurance to a whole life policy with a long term care rider and it seems like that is a better idea cost wise. Basically, it costs a little less per month than long term care insurance and has a cash value. Im skeptical because of how bad a deal whole life is but it seems like it makes more sense than long term care insurance. I realize that the returns on the cash value are much worse than what I could do with investing in the market but it does provide piece of mind for long term care.A few pieces of important information:Wife and I both have term life already Weve maxed out our 401ks Weve maxed out our Roth IRAs We will not be having children one of the biggest reasons we are concerned about long term care I know there are very few times whole life makes sense but is this one of them?  <response>: No, it still doesnt makes sense ESPECIALLY since you dont have children. You only need enough life insurance to cover your lost income for each other. You dont need to account for college tuition or anything like that, so you should be paying even less for term life than most parents with children.Youd be better served to save up a fat retirement fund to pay for long term care. The insurance companies are constantly rewriting the rules on what they want to pay for this type of care, and there are subsidies that can help you out when you get old. I would much rather trust my retirement fund to pay for my LTC than the insurance company.If you really, really need LTC coverage, go get it as a specific policy. Dont tack it onto a worthless Whole Life policy. Be very wary of changing rates, though. 