Why is cash value life insurance bad?

Some people view cash value life insurance as bad because of the amount of money that goes toward policy charges and not cash value. So if you need life insurance coverage only to provide a safety net for your family for specific debts, such as a mortgage, term life insurance probably fits the bill better. With term life you pay only for life insurance coverage.

But cash value life insurance serves a purpose for people who want both lifelong insurance and an extra investment vehicle.