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Originally Posted by savemoney
I see some of you say this is not an investment when you get whole life insurance and some of you say it is(like a college fund for a child)? Now I'm really confused.
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Okay. Whole life insurance IS a type of investment. It just isn't a very good one. The fees and commission are typically much higher and the returns lower than you could get in a more traditional investment vehicle like a low cost mutual fund. So while you could choose to use insurance as an investment, the general consensus is that you would do better to put your money elsewhere.