Whole life doesn’t really make a good investment… and that’s what it’s trying to do – mix insurance and investing.
Also – look at what your insurance needs really are. Insurance agents will try to convince you that you need X million. In reality look at what expenses your wife would have (burial and income replacement) and work from there.
For us – we figured the surviving spouse would be fine supporting themselves and the kids if the mortgage was gone… And we want to cover the kids college. So that’s the number we used for insurance…
