meierlde
Thinks s/he gets paid by the post
insurance is never a good investment. but its a wonderful wealth passing technique . in this case your not doing it as an investment. you already did your investing and made your money.
now you need a way to try to make money thats forever taxable and trade it for money thats never taxable.
we do that by using a spl policy...
One might say on a participating whole life policy for the first 10 years its a terrrible investment, after that when 95% of premiums go to cash value its not two bad, particularly with the participating part where dividends are paid. However its the first 10 years when you pay the salesman that are expensive. I have a couple of policies that are now 30 years old and they have like a $10 per year cost on based upon guaranteed cash value and a negative cost if you include the dividends (which I use to buy more paid up insurance which also earns dividends).
However today its likely harder to find participating policies due to the need for the execs of the insurance companies to make the big bucks.