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re: Term life vs Whole life

Posted on 4/27/14 at 1:36 pm to
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17276 posts
Posted on 4/27/14 at 1:36 pm to
Typically not a good investment, but everything you get does not need to be for the sole purpose of investing. Depending on your current and future situation it may benefit you to have some, I have about 15% of my total life insurance in whole life, it works for me
Posted by AndyJ
Member since Jul 2008
2762 posts
Posted on 4/27/14 at 2:17 pm to
What does whole life invest in? I have some because my advisor told me I'm conservative with investments (and could afford it). I like my advisor but they all do what is best for themselves, and I'm sure he got a great commission on selling it to me.

Anyway, if the stock market goes stagnant, does whole life also? I just know it is "conservative" but I don't know what it really means.
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