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Michael Batnick: Should I Invest In Life Insurance?

TedTed
in The Bullpen
FYI: A listener asks:

I mostly hold individual stocks, index funds, and ETFs. But I have also been contributing to a Permanent Life Insurance policy…I’m thinking about canceling this policy because I don’t have any dependents and I know the market will out perform this policy over time. I’m paying $100 a month, at this rate I would contribute roughly $50,000 over 40 years. I could cash out when I retire with something like $120,000. What do you guys think? Can you consider this an investment or is this just insurance

I can’t give specific advice, of course. But I can take out my HP12C and let you decide.
Regards,
Ted
https://theirrelevantinvestor.com/2019/05/29/should-i-invest-in-life-insurance/
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