<prompt> Human: Ive been paying for several years for term insurance with a tiny paycheck deduction like 7 bucks a check for 100,000 coverage for my wife and me. Im 46  <response>: Are you a multi-multi-millionaire trying to get around the giftestate tax limits for inheritance? If not, whole life insurance is not worthwhile for you.Term life insurance may well be if you have dependents. 