Whole Life Insurance Is For Rich People

Whole life insurance is expensive. Because whole life is expensive – the world according to D.O.,states that it is for affluent people. Whole life insurance has solid long term tax advantages. Most financial advisors (D.O. is not one, but has played one on TV) would advise a term life insurance policy, and if there are additional funds, to reinvest those funds in a different investment veiled. In general, life insurance is not for everyone.