When Is Whole Life Insurance A Good Investment? 
Participating whole life is not an investment , it is an insurance policy . That being said , it can be a non-qualified supplemental retirement plan for conservative long term savers . But it needs to be designed as a TAMRA compliant , non-modified endowment contract with the lowest base policy , max term rider and paid up additions rider . Distributions may be tax free via withdrawals to basis and policy loans of gain as long as the policy is kept in force for the life of the insured . 