So it was told to me many years ago the concept of investing in an IRA vs allocating funds in a cash value life insurance policy. The numbers speak for themselves. With an IRA you put away $3,000/yr for 30 years. You have now accumulated $90,000 in your nest egg and lets assume a 7% return. Your money doubles every 10 years- see rule of 72. You will have close to $300,000 in your portfolio but wait dont forget market risk. Whether this is a Traditional IRA or a Roth there might be tax implications. Lets now look at a whole life policy. Take that same $3000.00 a year and put it towards a insurance policy. Depending on health and current status that $3000 could land the insured a policy worth well over $1,000,000 upon the insured’s death. It will be a tax free benefit to the insured’s beneficiary. What now makes more sense- IRA’s or Insurance policy. Contact an agent at SYD to discuss in further detail