<prompt> Human: First off Im really glad I found this subreddit. So heres my story. Recently a friendbusiness contact who deals in insurance approached my wife and I on getting whole life insurance policies. Financially were stable, combined take home is roughly 100k a year, less than 10k credit debt, less than 1k student loans wifes is nearly paid off, mine are already paid off. My wife has a steady job with a company that shes been with for over 10 years, I am self employed and business is very consistent. I am 32, she is 33, and we have no kids. Neither of us ever drink or smoke, we eat healthy, and work out occasionally. Just this summer I started a ROTH IRA to which I am just barely starting to contribute to, and my wife already has life insurance through her company granted its not the best policy. We still live the apartment life renters but want to start getting ready to buy a house within the year. I talked to my best friend who worked in the financial field for years and wanted to get his feedback. He stated that given my current age, and income, maxing out my ROTH IRA should take precedence over a whole life insurance policy. Right now I am just looking for as much feedback and insight as possible. Let me know what you think. Cheers.  <response>: Absolutely not. Whole Life policy is not appropriate for most people.If you need insurance go for a term life insurance policy.Check out the what type should I buy section. 