All Life Insurance Tips

whats the best company to go with for a whole life insurance policy?

Im 27 now,Basically getting it for the return in cash value later in life.

Public Comments

1. Whole life policies are NOT an investment. If you want an investment then see an investment advisor to put some money in a 401K or something else that gives you some tax savings. You might repost your question under "investments".
2. That's called, an investment account. Life insurance is a death planning tool. If your goal is wealthbuilding, or monetary appreciation, life insurance is just about the WORST way to acheive it - because roughly 10% of what you pay in, goes to cash value - meaning, 90% of what you pay in, you lose. (yeah, some people want to hang me on my numbers, but the POINT is, most of what you pay in, goes to the insurance company.) If the goal is cash value, put cash in the bank. RUN THE NUMBERS. Life insurance isn't a very good investment. It's a DEATH planning tool.
3. LIC. If you are thinking for whole life policy do not think twice. Go for LIC.