How much more expensive relatively is whole life insurance compared to term life?

I keep seeing total outlay is higher than average. I would like to put in another perspective.

If you are able to generate 4% returns on your cash, that point on total outlay becomes moot.

The type of coverage also matters. If its for CI plans, 4% is generally ok

For ECI plans, its ok to choose a wholelife but the cashout outlay upfront is painful to both

(1) your investment returns

(2) the time value of money.

(3) leveraging on a term policy

So take time to understand what do you want, and how you want to plan for your finances.

No hard and fast rule, until you know the return your cash can produce. (which in itself is non-gauranteed unless you are talking about CPF-SA equlilavent).

Whole life is cheaper in most scenarios. Unless you get a term plan of 10 years.

The whole BTIR argument is seriously out of date and that view needs to change.