Quote:
Originally Posted by marla
I thought life insurance was in case you dies and needed to provide for your family. How can it be an investment if you are already dead? Don't people invest money so they can use it to enjoy while they are alive?
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Life insurance IS NOT an investment, but what the agents sell you on is the cash value of whole life policies. Part of your premium pays for the death benefit and part goes into an account and builds up over time. You can draw on that money while you're alive or, after you die, it gets added to the death benefit.