•  It is not an investment!!  At least not a financial one. This word alone implies taking risks with your money...  However it is an investment in your family in that if you do not return home tonight, they could continue to stay in the same home and schools as you were planning on providing.

A properly constructed Whole Life Insurance contract carries no risks and the illustrations given are guaranteed. You should set money aside for savings and an emergency fund for many different reasons, all pertinent to you but the money growing in a Permanent Life contact grows Tax-Advantaged and can be used as collateral to borrow money for any purpose you wish.

And unlike many 401K and IRA plans, you can payback any amounts of money and in any time frame you wish.  It's your call! Very unlike the structured and required payments demanded by other lending options.

It’s important to save for retirement, but a Term Life insurance policy is a sensible component of a financial plan to get started. Because this type of life insurance is fairly inexpensive, you should be able to pay for a term life policy while continuing to save.  Young adults may say they’d prefer to invest money instead of earmarking it toward monthly insurance premiums, but this isn’t always what happens. For that matter, according to the LIMRA and Life Happens study, 29% of millennials prioritized saving for vacation over purchasing life insurance, and 23% of Gen Xers said recreational activities and shopping were more important.