Whether whole life is a good investment or not depends on how you define a good investment.
That being said, it can be a good investment when you look at it closely. Life insurance creates cash at death and whole life is designed to be in force when you die, not if you die within a specified term From an estate planning point of view, that is a good thing,
If you need insurance coverage, then the tax advantaged growth of a participating whole life policy can be attractive from a wealth accumulation point of view.The funds can, among other things, be used to supplement retirement income.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
President, Lane Independent Agency, Southern California
Whole life is NOT an investment. It is a financial tool, to insure your family's financial security. Select and buy it based on the quality of the company, their rates, and the variety of features they offer. If you buy whole life, you will accumulate value, both guaranteed, and with a good company well above the guarantee. But rest assured, they will be there when your family needs them the most. That is the investment you are making. Thank you. GARY LANE.
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That being said, it can be a good investment when you look at it closely. Life insurance creates cash at death and whole life is designed to be in force when you die, not if you die within a specified term From an estate planning point of view, that is a good thing,
If you need insurance coverage, then the tax advantaged growth of a participating whole life policy can be attractive from a wealth accumulation point of view.The funds can, among other things, be used to supplement retirement income.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.