I'll just keep putting it off, and putting it off.
Whole life Insurance vs. Term life insurance
Whole life is a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’s premiums).
It also includes a cash value account—a type of savings account that grows tax free over time and that you can withdraw from or borrow against while you are alive.
Term life insurance, on the other hand, lasts only for a certain number of years (the term) and does not accrue any cash value.