Permanent life insurance

crosswatt said
i would think you'd get a better return on your dollar to buy a term policy and invest the difference in a higher yield financial vehicle. But that's just an opinion. Everyone's situation if different.

What kind of investments would you recommend? I've only recently finished school and started my career so I don't have a lot to invest yet, but hope to start investing soon.

Dre said
If you are very wealthy (maybe top 2-5% of America), it MIGHT make sense as an additional, conservative retirement investment vehicle for diversification. Otherwise, you probably have better places to spend your money. By the way, the commissions a financial advisor gets from selling a permanent policy are probably the highest commissions that advisor gets. So your advisor wins really big if you buy it.

Edit: and don't buy for her until you are married. And do you depend on her income or have kids? If no to both, you probably don't even need life insurance at all for her.

Our incomes are about the same. We don't have kids. It sounds like term life insurance is the way to go for us, but I'm leaning towards waiting until we're married.