Oh man, that is probably the worst advice I've ever heard. Insurance is for insurance (protecting assets in case of an unfortunate incident), not building wealth. You can earn much better rates investing than putting money in insurance. Any insurance agent that suggests insurance is a good investment as you have done is one insurance agent you should be running away from as fast as you can.
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Disclaimer: I don't know what the heck I'm talking about (my wife's favorite quote), so please take all advice given with a grain of salt :o
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