We just had a life insurance agent visit us a few days ago, because we 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.
selling 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.
Any thoughts?
i