<prompt> Human: Hey PF,My friend joined Northwestern Mutual and is trying to get me to into this plan where I lock in a low rate for whole life insurance, have a low death benefit for the tax benefits when I can no longer contribute to an IRA.Im a year and a half removed from college, make about 46k per year, owe 2.5k for my vision correction surgery 0 for two years as long as its paid off, which I plan to do, about 21k in a Roth IRA, 2k in a traditional IRA, and about 8k in the bank. Is it a good idea? Im not married and have no dependents. edit: currently have 50k life policy paid for by employer  <response>: My friend joined Northwestern Mutual and is trying to get me to into this plan where I lock in a low rate for whole life insuranceAfter reading this much, I can confidently say run away as fast as you can. have a low death benefit for the tax benefits when I can no longer contribute to an IRA.Marketing nonsense. You get nominal benefits wrapped in high fees and poorly-performing investments. Whole life insurance is sold, not bought; it makes loads of money for the firm at your expense. Your friend will earn a commission if he sells you a whole life policy, and that money comes out of your pocket. Im a year and a half removed from college, make about 46k per year, owe 2.5k for my vision correction surgery 0 for two years as long as its paid off, which I plan to do, about 21k in a Roth IRA, 2k in a traditional IRA, and about 8k in the bank. Is it a good idea? Im not married and have no dependents.You have no need for life insurance of any kind, much less this steaming pile of suck.Tell your friend no thanks. If he wont take that for an answer, hes not your friend. 