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Vtsax vs fxaix?
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No
Nope
No no no no no
For most people, absolutely not. As a tool to cover risk, which is what Life Insurance is good at, absolutely not. Understand your risk, cover that risk with term, invest the difference.
Permant policies can be efficient wealth transfer tools, leveraging taxable dollars into a tax free death benefit on money you know you are going to pass on but that’s really the only thing they are “good” for and even then it has to make sense in context.
Many here will say no but frankly it depends on many factors.
What
Avoid - take that money you would pay in whole life premiums and invest it, if possible.
Hard pass
Omg I had a call about this in the morning!! I just didn’t know how to tell the guy “No!” So he’s trying to set up yet another meeting to discuss the tax advantages. 🥲
Fyi, if you hear the word LIRP or “Life Insurance Retirement Plan” run away too... they will make it sound like it isn’t even insurance. I can’t tell you how many LIRP’s I have had to undo from New York Life.
Max your Roth, have a relationship with what you own, and keep investing.
It’s not even their fault really, most of them only have an insurance license or an insurance license and a series 6... when you are only licensed to use one thing magically it is suitable for everyone.