Melvinb

I've got this lady breathing down my neck to buy life insurance while I'm "still young." She claims this will be one of the best investments I can make but after reading around the net I'm not convinced. I'm really not that interested in term insurance at this point in my life. I don't have any dependents or a huge mortgage or anything like that. Whole life sounded like a good option for me based on the investment potential, but when doing some research, I'm thinking there could be much better options. The only real thing that I like about whole life is that if I pay like $250-$300/mo for 10 years, theoretically I could stop paying and let the dividends take over. Then I can decide if I want to cash out at age 65 (or higher) or if I want to just let my future dependents reap the benefits. Anyone have any thoughts on the subject? I'd like to hear opinions that aren't coming from a commissioned sales rep.