Whole life policies are the most popular form of life insurance and are used by most people to take advantage of tax sheltering investments.

Question

Quizplus · Accepted Answer

Whole life policies may have tax advantages, but they are not the most popular form of life insurance. Term life insurance is actually more popular due to its lower cost and simplicity. Additionally, whole life policies may not always be the best choice for tax sheltering investments, as there are other investment vehicles that may offer better tax benefits.

Whole Life Policies Are the Most Popular Form of Life