Is Whole Life Insurance A Smart Investment?
712 POINTSview profileJohn ColeRecruiter/Manager, Cole Insurance Investments, Charlotte N.C.Whole Life Insurance is a good policy due to the fact you will get a return on investment verses if you purchased a term policy but there is several questions to be answered neither is bad you would need a needs analysis done by a planner to see where you are continue to study and educate yourself so when you make the choice to work with a planner you will understand the terminology if can be of help contact me. See profile.Answered on July 22, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! We need to be clear though - life insurance is not technically an investment. An investment grows income, while life insurance is protection against loss - in this case, the loss of you. As such, you cannot receive any benefit from the policy, it goes to your survivors. That said, it is a terrific part of a financial plan, and has many benefits that a term life policy cannot provide, the best of which is that you cannot outlive it. That alone makes it a great investment in your peace of mind! Please feel free to contact me for more specific information, okay? Thank you for asking!Answered on July 23, 2014flag this answer
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