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Whole Life Insurance As An Investment

QUESTION:   Should I purchase whole life insurance as an investment?

ANSWER:  I do not believe a whole life insurance policy is a good investment.  If you have a need for insurance, I believe you are better off getting a "term" insurance policy and investing the difference in a good growth mutual fund or exchange traded fund. 

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Money Matters is provided by:

David Schauer, CFA, MSFA, CFP®
Financial Planner
Hanson McClain
E-mail questions to moneymatters@kovr.com

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