Is A Whole Life Insurance Policy A Good Investment? 
No form of life insurance should be considered an investment . The purpose of the product is to provide a survivor benefit at the lowest possible cost . It happens to do that extremely well . The cash value is an added benefit . It can be made available in a very short time and at a very low cost . But the removal of this cash can impact the amount of the survivor benefit . People need to understand that before they start taking money out of their policy . If the policyholder does know how to manage the policy , then a cash value policy can be a very attractive source of retirement money , college funding , emergency funds , and so on . Whole life would have an advantage over other cash value policies in that it provides extremely strong guarantees . 