What are the main tax advantages of a whole life Insurance policy?

AskTaxGuru.com Junior Member, altonkil, asked:

An insurance agent approached me and tried to sell me a whole life policy stating that there are several features that may have positive tax advantages!

Can you please provide me with an overview as to what the real facts are, ie tax advantages of a whole life from your point of view, and if you have any issues in general that are negative in terms of buying a whole life policy. In fact, and advice from your point of view is appreciated!

Tks a lot!!! Your site was tremendously helpful to me during my tax preparation!