thought of buying a certain term life insurance.
The agent kept pushing a "whole life" policy on us and he just would
not shut up. I had to tell him, perhaps, ten times to stop talking
about it before he got the message.
He just kept on going, talking, pushing this whole life product on us,
and he was clearly very interested in selling us that.
From this alone, I conclude that he gets a much fatter commission fromselling us this product. This, alone, suggests that it is not in my
interest to buy this product.
I think that whole life insurance is, first and foremost, a very
complicated financial instrument, that mixes up two things (savings
and life insurance) together.
It would be a more rational approach to save money separately from
protecting one from a catastrophe.