First life insurance - which ones have the best reputation in CA

[Elena Z.]

Hello,

I am looking to purchase life insurance for the first time in my life. From my law school classes I vaguely remember that whole life insurance is the bad one and  term life insurance is the good one hahaha. I need insurance at least for the duration of the mortgage. (30 years) but also to take care of one among my dependents who is disabled (not sure how much it takes to start a trust fund for them). Of course we can never know how long we or our dependents are gonna live for but I would appreciate some ideas as far as where to start looking and should i also consider  a life insurance with an investment component to it as my first life insurance.

[Tony Ho]

"BP is full of life insurance trolls" but you just put down term insurance and praised whole life. 

Also, that savings in whole life isn't yours. Every time you take money out from it, they charge you an interest rate, and when you pass away before the money is paid back. The company minus your current balance + interest rate, so that (i.e $100,000) policy that you have is reduced. 

Term is cheaper and you can have a higher coverage. With the money you save from buying term, you can invest that back into real estate.