I see people always talking about the benefits of a whole life policy, but all I see in whole life is a waste for people who don't have an income of over 250k/year. Sure you can get tax benefits with it, but the people who say its an investment have to be retarded. Everyone knows you can get a better return on the market if you invest properly, sure their are ups and downs but the returns at the end of the day are greater than whole life. Also with the cash value if you withdraw the an amount that is greater than the premiums paid you get taxed. Taking a loan on the cash value you still have to pay a 5-9% interest and not to even mention how much the premiums cost yearly with a whole life policy compared to term. I just don't get the point of a whole life policy unless your rich and use it for tax purposes. Companies push this product heavily because of the amount of premiums they collect from it. My question is why would any agent recommend this product besides the fact that they can profit greatly from selling a whole/universal life policy?