Is whole life insurance a good investment vehicle and estate planning tool? Or are Mutual Funds better?

Is whole life insurance a good investment vehicle and estate planning tool? Or are Mutual Funds better? I am a Male 29 putting money in 401K upto company match.Ineligible for Roth.Cud max IRA,401K but is tht advised? What about further after tax dollars? These are points I have read on WLI as investment vehicle- Pros: 1)Builds cash value and insures survivors 2)Earnings are tax free 3)Don’t have to pay 50% estate tax when transferring proceeds to heirs 4)Can borrow/take loans against built up cash value 5)Gains advertised on products such as Mutual Funds don’t include taxes on gains and fees. 6)If you get divorced don’t lose half your wealth unlike… Read More

Continue Reading