Is Whole Life Insurance A Good Investment? 
Whole Life is NOT an investment . It is a protection , with many benefits . You can always risk your money in stocks or bonds . But if you want it to be safe and be guaranteed to grow , you need whole life insurance . It never decreases , and the premiums never change -LRB- you can even prepay them for life and later pay nothing -RRB- and the appreciation of a policy with New York Life can even pay the premium later , or lend you the money for college , a new home , or your retirement , tax free . 