re: Over Funding Life Insurance vs. Roth IRA

No, this can be a great idea. The pro is that you can grow money tax free. When you put the money in it is not taxed, it grows tax free, and if you do it for over 10 years you can take loans against the policy by withdrawing an income. Loans are not taxable. You can use this with participating whole life.variable universal, or indexed ul....
Con: don't put all your eggs in this life basket, use it as a retirement strategy,
Con: you have to make sure it is funded correctly
Make sure you know somebody who does and it does it well
Also.if you die you lose the cash value to the ins. Company, but your beneficiaries usually get a larger tax free death benefit.
I would do this, Roth IRAs,...if you qualify and an employer plan and real estate---
My thoughts!
I own an insurance company and do this currently and recommend it to the right clients- I would say you need to make a decent income (100k) more and not a ton of debt....
Once again this is not for everybody, but it is the only tax free plan out there...hope that helps