Question

why is permanent life insurance bad investment?​

Answer 1

It also has a cash value component that grows over time, similar to a savings or investment account. From a pure insurance standpoint, whole life is generally not a useful product. It is MUCH more expensive than term (often 10-12 times as expensive), and most people don't need coverage for their entire life.

Answer 2

${\huge{\mathfrak{\underbrace{\blue{Question:-}}}}}$

why is permanent life insurance bad investment?

$\\\huge\underbrace{ \mathbb\red{A} \green{n}\mathbb\blue{s} \purple{w} \mathbb \orange{e}\pink{r}:-}\:$

It also has a cash value component that grows over time, similar to a savings or investment account. From a pure insurance standpoint, whole life is generally not a useful product. It is MUCH more expensive than term (often 10-12 times as expensive), and most people don't need coverage for their entire life.

$\huge\boxed{\fcolorbox{black}{green}{HOPE\: IT \: HELPS}}$

$\\\huge\underline{ \mathbb\blue{Please}\:\mathbb\green{Mark}\:\mathbb\orange{As}}\:$

$\huge\underline{ \mathbb\red{Brilliant}\:\mathbb\purple{Answers}}$