This
insurance combines life protection and savings at a fixed return. It’s
an expensive form of both. Sales pitches about tax deferred benefits
behind whole life insurance can be misleading.
Other
secure investment options are available. Whole life is not a true
investment vehicle, despite any sales talk. Were you to buy term
insurance separately for protection, and invest the difference in a
secure, low-cost, income-based mutual fund, where dividends are
reinvested, you would earn far better returns. (See the Earl J.
Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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