<prompt> Human: For a host of reasons I wont go into here, I have opted to get a CWL insurance policy. Im already contributing more than my employer will match on my 401k but not completely maxed out to my capped annual contributions and Im maxing out my Roth IRA policy and I have income left over that I think I could save on a monthly basis. Now, to pay the premiums I can just pay them in cash every month, or my agent has said I can open a mutual fund account with him using liquid cash I have on hand and use the dividends earned to pay the premiums. The logic is that the increased cash value within the life insurance policy isnt taxable and would grow over time vs putting the money into a no-load targeted retirement account with Vanguard and letting the dividends grow and compound, thus increasing the cash value of those assets and getting taxed. I think it may just be a wash in the end, the higher interest earned with the Vanguard account is offset by taxes that I wouldnt have to pay if I continued to just throw the earned dividends into the CWL policy. Assistant: Your agent is taking advantage of you. Both the CWL and the second mutual fund account are paying horrible high fees and making your agent rich at your expense. You are being played for a patsy.Human: I would argue CWL is a good investment if you do your homework, meet certain conditions, and dont lose liquidity over it vice investing elsewhere. They originally tried to sell me on a policy that had big premiums - I could afford it, but the value of the policy over something else was only worth a damn if I could continue to pay those premiums for years and years down the road.I dont plan to use the same CWL brokerage company to also set up mutual fund investments. The fees are stupid, Ill stick with no-load mutual funds that are stacked in muni bonds for the tax advantage in dividends earned.  <response>: good investment if you do your homework, meet certain conditionsSo Im assuming you are single with more than 5M in assets or married with more than 10M in assets, but are still not maxing out your 401k?? 