<prompt> Human: I was talking to a financial advisor the other day and he said that while my finances look good retirement savings, cash savings, insurance, payments on time, etc etc etc he said that I should look into also getting a cash value life insurance policy.I was under the impression that life insurance just pays out when you die. I didnt know you could use it as an investment account? I think hes trying to sell me something... but I figured Id ask here since many hands make light work.  <response>: Hes DEFINITELY trying to sell you something, and its very likely what they call a Whole life insurance policy. Its not a scam...but there are FAR better ways to invest your money. If you do want to get life insurance a term life policy is sufficient for most people, and the premiums will be far cheaper. 