Whole Life Insurance & Real Estate
I'm wondering if anyone has any advice/opinions on using whole life insurance to supplement my real estate investments. I'm currently 25 and am debating on whether or not I should set up a policy now while I'm "young". I would fund until I turn 65 and after which the policy would still continue to grow (DB and CV) Also, I would be able to take out cash value at any time (tax free) which could help grow my real estate investments. I was thinking about setting aside $100 per month. I've heard a lot of talk about this lately and am having trouble filtering the good advice from the bad. AKA the advice people selling life insurance are giving. One of my mentors had a whole life policy at one time but canceled it after a few years and now only has term he swears that whole life is a scam. Anyone else have thoughts/words of wisdom?