Originally Posted by dallas27
Is there even such a thing as a good while life policy? I am conditioned to assume whole life is to insurance as nazi is to politics.
But maybe i'm wrong, are there a few small "good guys" out there?
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Whole life can be very appropriate for estate planning and small business succession so a family doesn't have to sell the business or the farm to pay the estate taxes. It works well where one has a permanent need for life insurance, but most people's need for life insurance decays over time as the kids grow and leave the nest and they build wealth.