Cash values in Whole Life takes forever to build and returns are poor
Whole Life policies certainly don’t boast the exciting ups and downs of the stock market, but that’s OK. Most investment advisors will agree that fixed income needs to be a part of a responsible portfolio.
Just as one can’t expect a term policy to last forever, nor one can expect the cash values of a whole life policy to jump 20% in a year. The tax-deferred nature of whole life cash values and potential tax-free access provides a nice tax hedge, complimented by fluctuating dividends that can mitigate the interest rate risk felt in other investment vehicles.
Keep reading argument four here.