Is Whole Life Insurance Worth It?

If you've been doing a lot of research about the different types of life insurance, maybe you're wrestling with a big question...Is whole life insurance worth it? That's a simple question with a not-so-simple answer. It really depends on what you want to accomplish. We've written about that very issue in more detail if you want to read about specific examples: https://theinsuranceproblog.com/is-whole-life-insurance-worth-it-for-me/ If you'd rather skip the salad and go straight to the steak, here it is... If you're young, just getting started in your career and only have a couple thousand bucks a year to put away, whole life life insurance may not be worth it for you just yet On the other hand, if you've got extra cash and an open mind, whole life insurance is worth a look at the very least. Just remember, there is a "right way" to setup a whole life policy IF your primary goal is cash value growth and maximizing your rate-of-return. That being said, we stumbled across someone a few years back who bought what we might call a bad whole life insurance policy. Guess what?