<prompt> Human: Ive seen a few people on here make the claim that life insurance is generally not beneficial. Lets say Im middle aged, 2 dependents, 50k a year job, good health. Is it a good idea, if not where should I be putting that money? Is whole or term better? Can someone provide a clear almost ELI5 pro and con list?  <response>: Buy term insurance and invest the difference in cost from the whole life policy into a sp 500 index fund. Youll come out way ahead by not paying ridiculous fees. 