<prompt> Human: I just hired a new financial planner to help me get organized and create a plan for getting out from under my mountain of student loan debt. Im 25 years old and have a decent paying job with high potential for growth and a sizable savings account - my biggest hurdle right now is a huge student loan debt with a high interest rate. Her advice is to take out a personal life insurance policy as a private reserve strategy. According to her, by taking advantage of the MEC I will enjoy tax deferred growth, tax free distribution, competitive returns, high contributions, collateral opportunities, no loss provisions, guaranteed loan options, unstructured loan payments, liquidity, use and control. Basically I would use it as a personal bank over time and take liens against it to purchase a home, pay off my loans, etc. Sounds great right? Only problem is everything else I have found says this is bad advice if I ever plan to use the money before I die. Im looking for a second opinion...any thoughts on this? Any alternative ideas to start growing my wealth?She has also advised me to pay the minimum amount on my student loans for as long as I can. This is hard to do because my interest exceeds my payments right now and my principal is growing by about 700month. Feeling pretty uncertain and any advice would help. Thanks!tl; dr: Is using a permanent life insurance policy as a long-term personal investment strategy a good idea for a recent college graduate?edit: The reason I am considering making lower payments on my student loans is the public servant loan forgiveness program. However, I may not stay in this field for the full 10 years so Im not sure I want to bank on it. Per yobrias advice, here are my personal details:60,000 annual income 10 raise each year403b w 50 employer matching up to 6 2050 retirement fund with a 0.78 expense ratio - no roth option currently and I have not opened one yet.22,000 in savings2,500 invested in mutual funds2,000 avg. monthly expenses104,000 current student loan debt w a 7.125 interest rate currently not even paying off my interest each monthJust found this subreddit today and you guys seem really helpful! Thanks in advance for any help!  <response>: Why is rpersonalfinance so hostile to financial advisors?This is why. 