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    Why I Love My Whole Life Insurance Policy

    by Michael Aloi, CFP, CFP, Summit Financial Resources Inc. Aug 02, 2018 3 minutes

    At any given family or social event, once someone knows I am a financial planner I always get pulled to the side to answer some burning personal finance question. I can sympathize with doctors.

    I usually get asked about the market or some stock, but if I am engaged in the conversation long enough I almost always get asked about whole life insurance. It usually starts off as, "My (brother-in-law, neighbor, college buddy -- fill in the blank) keeps bugging me about this whole life insurance, what do you think? Should I buy it?" I love when people I just meet ask me this, as if I can crunch the numbers on the spot and do a full-blown analysis over a few cocktails.

    What I usually tell

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