Cash Value Policies Vs Term

Talked with another agent last week that said whole life policies are going to be obsolete in the near future. He's of the mantra "buy term and invest the difference". I'm not one to argue as I am still learning but is term always the best deal for the client. Apparently the only reason (according to him) agents sell whole life(including final expense) is for their own commission and that they arent doing the client justice. He says that the client will get a much higher rate of return by buying a 10 or 20 year term policy and investing the rest of their funds into an ira or mutual fund etc. I

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