<prompt> Human: First off, the PF sub has me so much and been really helpful to me over the years, thank you for that. My question is, my parents are turning 60 this year and going through a financial reality check. The both still work and have been traditional high earners. They have 175k mortgage on a house that is valued at 750k and about 650k in their combined 401Ks. They have another 60k in ed loan debt they took out for me and my sibs. Theyre pounding their 401Ks while theyre still working but are worried they dont have enough saved. Theyre both willing to work 10 more years assuming theyre in good health.They mentioned to me that their term 1 mill term life policy expires this year. I know PF is traditionally against whole life policies but I was thinking maybe they should convert it to a whole life considering they dont have enough saved for retirement. Any one have any thoughts on this?  <response>: Whole life insurance would cost them a LOT of money starting at age 60, and not provide them with any cashflow while they are retired. In another words, this would be a move in the exact opposite direction that they desire. 