Whole life insurance plans is basically a bad option until you need a permanent life insurance plan. If you are looking for a lifelong cover then whole life can be a worthwhile investment if you have maxed out your retirement accounts and carry a diversified portfolio. You must not forget that the whole life insurance is basically quite expensive and normally takes time to start demonstrating reasonable investment returns. Hence, it goes well with a young person who holds high income and wants to pass on money to your family.
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