Originally Posted by pb4uski
While I agree with you on BTID, the rub sometimes is that people buy term and piss away the difference rather than investing it so like many things in life, it only works if you have the discipline to actually do the investing. Like it or not, one positive aspect of whole life is that it provides stealth savings for the subset of people who would not otherwise save.
I also agree with you on your view of BTID as I've experienced it personally! Working in the industry I would hear people (and friends) preach back to me that they'd rather BTID, but when I checked in on them a year or so down the road, they've only purchased term and have nothing invested! Their excuse would, "money was tight." My friend's Facebook pages for that year were filled with Vegas pictures and blowing money on things young people my age do for fun.
If you have the discipline, yes BTID will provide better returns and in the end you will be insuring yourself should anything happen. If anything though, offsetting the risk to a credible and financially strong insurance company isn't a bad idea. Who doesn't like more money for themselves and/or their family? I personally have a permanent policy that will help me subsidize my retirement account when I retire or use prior to 59.5 tax free.