WSJ Article: Whole Life Insurance on the Rise

The Wall Street Journal, in an article captioned "Fusty Insurance Lures Buyers Seeking Safety: Whole-Life Polices Offer Steady Ride, but Figuring Actual Returns Can Be Tricky," notes that sales of whole life insurance policies are on the rise. While noting that the tax-deferred returns of 4% to 5.5% look great compared to a 40% decline in the stock market, the article also discusses the downsides of whole life (e.g., lack of financial diversification, steep costs to exist the policy, and high complexity).

Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.