The Non-Term, Whole Life form of life insurance combines life protection and savings at a fixed return. It’s an expensive form.
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 pitches. 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 at Twitter.)
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