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 MFs
7)IRAs are taxed on withdrawal

Criticisms:
1)Unused cash value is lost when the investor passes away
2)Fees and costs are prohibitively expensive and eat into gains
3)Loans against LI policy are a nightmare
4)Term LI and investing balance in tax-advantaged funds or MFs is better
5)Advisors suggesting LI as investment are greedy for commissions

This selection is a nightmare.Someone honest to god (no salesppl!) plz help!

Is whole life insurance a good investment vehicle and estate …