Term vs. Whole Life Insurance

I'm starting to look into life insurance, but am wondering which one is the best option.

I see that term life insurance is cheaper and I can lock into a low rate for 10, 15, 20 or 30 years.

But then I understand whole life insurance is more expensive, but if I need money one day, I can withdraw some of it, from that type of life insurance.

If you will not need life insurance, then the best option is no life insurance.

If you will need life insurance for a period of 10 or 20 years, and will not need it after that, then you may want to consider term life insurance.

If you will need life insurance for the rest of your life, then the best option may be whole life insurance which provides lifetime coverage, but is the most expensive type of policy compared to term life insurance.

Here's how you can compare the benefits and drawbacks of term life insurance vs permanent life insurance.