In some cases, a term life insurance policy could make better financial sense than a whole life policy, experts say. Clients who only want a death benefit should opt for term life. “It’s better to have adequate coverage through a term policy than not enough coverage in a whole life policy,” said John Thornton, executive vice president, Amalgamated Life. Because term policies are almost impossible to get after age 65, and pretty cheap before age 50, says Thornton, younger clients should lean toward a term policy. Clients could take the savings from a term policy over a whole life policy and put it into a growth stock mutual fund and receive a better return, said Chris Hogan, lead financial counselor, The Lampo Group. And clients who like versatility can upgrade or change to a new term policy without a medical exam, Thornton said.