There are many financial professionals who swear that Term Life Insurance is really the only form of Life Insurance that anyone needs. In the States, Suze Orman and Dave Ramsey claim this. Canadian David Chilton has moved from loving permanent insurance to being a lukewarm endorser of buying only Term Life Insurance. So why do I disagree with these people. Simple, my experience in the industry tells me differently. So before I get into the details, let me tell you what critics would say. Many people who advocate for Term Life Insurance argue that it is cheaper than Whole Life or other forms of Permanent Insurance; and, in the beginning, that is true. Term Life Insurance is usually meant to insure a person, couple or organization against the death of a specific individual for a period of time. While most term policies usually have terms of 10, 20 or 30 years, it is possible to have a term which is as short as 1 year or one which is as long as 100 years. Accordingly, at the start, a Term...