answersLogoWhite

0

No. Term life is your most economical type of life insurance. The salesman will tell you about the cash value of the whole life policy, but the rate of return is terribly low. Buy a term life policy and put your savings in an IRA, 401K, CD, money market account, Roth or other investment. That is what the insurance company would do with your money, so why not cut out the middleman.

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve

Add your answer:

Earn +20 pts
Q: Is whole life insurance recommended
Write your answer...
Submit
Still have questions?
magnify glass
imp