Is Whole Life equal to or even better than Bonds PART 2

[@howtoinvest4yourself241]

shouldn't it be better to put 10K per year into the Life Insurance and then gradually increase the contributions by 10%+ every year till you can put at least 90% of the income into the Life Policy and then take a loan against the policy to invest into the Stock market ( mostly dividend paying stocks) shouldn't the numbers be dramatically better? I would like to use these types of calculators but I am not a agent and I don't sell insurance I am just trying to run the numbers to find the best mix to maximize my returns and also set my self and my family to F.I.R.E.

[@TruthConcepts]

Thanks for your question. We like to live in the house of both: have life insurance for certainty first, then if you’d like to get into equities you can. With the way whole life premiums work, you won’t be able to increase contributions past the PUAs unless you buy additional new policies (which can be a great way to increase savings). Furthermore, to use your cash value, you want to take a policy loan, which still must be paid back. Since stocks don’t provide cash flow like other investments, you’d have to pay the loan back with your own dollars. If you’d like to learn more, we encourage you to check out ProsperityEconomics.org. You can also download a free trial of the Truth Concepts software if you’d like to run numbers yourself. truthconcepts.com/free-trial/