What aspect of whole life insurance makes it unique compared to term life insurance?

Whole life insurance is unique compared to term life insurance primarily because it includes a cash value component that accumulates over time. Unlike term life policies, which provide only a death benefit for a specified period and do not accumulate any cash value, whole life insurance offers a savings element that can grow tax-deferred. Policyholders can borrow against this cash value or withdraw it for various financial needs, making it a versatile financial tool in addition to providing lifelong coverage. This intrinsic cash value feature contributes to the policy's overall value and can be a significant advantage for policyholders looking for both insurance protection and savings opportunities.