<prompt> Human: Im 21 and my parents plan to buy me whole life insurance. I looked over the policy and the numbers seem good. Ive been googling around a little and term life insurance policy is suggested. When I look at the terms of each policy, whole life seems better to me. Is there anything I am missing?  <response>: Youre 21. You dont need life insurance unless you have a wife and kids depending on you for income. Dont waste the money. 