<prompt> Human: Hi PF! Im 22 and started my first big boy job in June. A few months ago I met with my financial adviser and I ended up purchasing a whole life insurance policy. Its costing me about 200 a month but by the time Im 65 according to the projections it should be worth a few million that I will be able to take out as I please. I thought it sounded like a pretty good deal but Ive recently ran across some articles saying that insurance should never be an investment. After a little digging Ive heard many split views but I just want to know if what Im doing is stupid. I think I do pretty well with retirement savings, I have 5 401k matching from my company and I put 5 into Traditional 401k, 5 into a Roth 401k, and 5 company stock that is purchased at a discount my company is quite diversified. Additionally, I started a Roth IRA last year and put in the full amount allowed and plan on putting in the full amount again this year. Im one of the fortunate souls that doesnt have student debt and I dont have a car payment either. Im not hurting for money but I dont want to be throwing it away.  <response>: I dont want to be throwing it away.Then dont keep paying for whole life insurance.Please read the information found in the FAQ particularly I Have X ... What Do I Do With It?! You may find Your IRA and You: Basic Information and Your 401k and You: Basic Information worth a read as well. 