[UnRuley1]

You have to do your research on whole life policies. I use mine to accumulate cash which I can borrow and repay with interest to build up the cash value. And later at retirement I can borrow the money as a TAX FREE source of income. At death, the loan is repaid by the insurance and any money left, goes to my beneficiary. (say I borrowed $800,000 of $1,000,000 cash value, the $200,000 left of insurance benefit goes to my beneficiary)
YES YOU CAN USE IT TO PASS MONEY ON TAX FREE!! DO more research!! Look up Pamela Yellen "BANK on YOURSELF".

[UnRuley1]

I am fairly amazed at the knee-jerk negative reaction to whole life insurance. It has uses you probably never knew about. I spent a year doing research, reading, reading and more reading. I learned so much and THEN I found a qualified agent who knows EXACTLY how to structure the contract. This is one of the unknown ways the very wealthy use to protect their wealth. I am not wealthy, but why should I not be able to use the same method they do to keep what I have earned?