1) All Whole Life plans mature after Age 99 (at 100), so you are covered till 100. 2) If you strongly believe that you can manage your finances, and WILL invest the rest of the premiums, BTIR is good especially if you can hit more than 4% year on year (6% for ECI). 3) Whole Life Plans (especially limited pay plans) negate the rising cost of the ECI/CI plans by a 20 year limited. So it helps you to resolve the cost issue, though, it will definitely cost more than a term ECI/CI earlier on. In terms of time value of money, as mentioned, you need 4% (CI) or 6% (ECI) to beat the premiums paid when you BTIR, vs Term life. 4) Its never Term or Whole, but rather, how much you really need. If you do not need any insurance protection after 65, then just buy term.