<prompt> Human: Were about to have a baby and recently signed up for a decent amount of term life insurance and a smaller amount of whole life insurance. But then I saw a comment on here that made me think whole life is possibly a scam? I dont see anything on the wiki about this. Here are the details: we both make about 60,000year, only debt is 215,000 on our house thats worth about 315,000. Term insurance is for 250,000 each, whole is for 75,000 each. The payments for whole are obviously very expensive, even though we are both healthy non smokers 29 and 33. What should we do?Edit: said term payments were expensive but I meant whole.  <response>: Whole life is basically a scam unless you and your wife are raking in BANK and expect to pass on more than 10-15M in inheritance. 