Term Life vs. Whole Life Insurance: Which Is Best?

[@andyk4972]

Nobody needs to be spending 30k per year on WLI premiums for it to be used as an investment vehicle…. Eg an over funded WLI plan might be closer to 10-12k per year if started at 30…. You might need some term LI to go with it separately if the death benefit isn’t substantial enough…. Funded correctly, it can counter balance the need for as much fixed assets in a well balanced portfolio (using the draw down years as fixed income) and hence would allow for a more aggressive investment portfolio. Most people don’t understand how these policies work… it’s a shame as there can be great value….. even after financial independence, lowering the death benefit to then further maximize the fixed income of the policy is a big draw…. 10-12k per year going in, should not be too hard to accomplish on a physician salary….