<prompt> Human: Title is essentially the topic here, Ive had a gentleman from NorthWestern Mutual who told me how I can utilize wholepermanent life insurance as a retirementpension plan for 3k annually up until Im 65. The manner in which he presented it to me versus term life insurance made sense, however a great deal of what I read on using whole life is kindve errr maybe. Does anyone have any experience with this or knowledge behind the returns on this? Where would, if could, the money be better spent  <response>: That is not a gentleman. Thats a salesperson who is trying to sell you a bad deal. It will cost you a whole lot of money and the return wont be high. Check out our FAQ on life insurances as to why. In short, if you need life insurance at all if you have dependents, then get term life insurance. And do your investing separately, in tax-friendly accounts IRAs, 401ks, 529s for your kids if any and in taxable accounts - with companies that charge low fees and have good diversified options Vanguard, Fidelity, Charles Schwab are generally recommended. Heres our wikipage on investing and on retirement accounts 