Quote:
Originally Posted by 2011laramie
Whats wrong with whole or universal life?
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Lots. Do some research on the topic, and you will quickly find most financial advisors will recommend term insurance, and do your investing elsewhere. It's a bundled product, you are paying for an insurance component and and investment/saving component. It is notoriously bad returns, and you can only ever collect on one component.
I'm sure some salesman will show up shortly to extol the virtue of it though, because their commissions are obscenely bloated compared to term. It's why insurance companies are filthy profitable.
Here's a primer on the topic:
https://blog.wealthfront.com/whole-v...ce-investment/