Whole term life insurance: is it a scam?
I recently met with a couple of financial advisors a friend referred me to after she started investing in whole life insurance with them. After my partner and I both met with them they went through our financial pictured and first thing they did just like a template was have us submit our whole life insurance apps. I’ve been doing some digging because they want me to take a portion of my 401k and put it into this wirh the idea that I’ll be able to use the money before retiring if I need and will have a safety in case anything happens to me plus the whole speech about it being post tax when in the future taxes may be higher. Is it all à scam?? I heard there’s hefty fees upfront… does it make sense or is a 401k still the most feasible option?