<prompt> Human: Before I get into this, I have checked the WIKI and FAQs on Whole Life. My adviser explained it to me like this.We are putting 300 a month into your Roth IRA and 200 a month into your WL. The IRA is extremely aggressive right now as it should be. It will go up and down, but your WL will stay at a steady rate. When you turn 65, you will have put 79,500 into the account, but you will have access to 182,000 that is tax and fee free. We are doing the WL not as a liquid asset to borrow against and not as a life insurance policy, but as a retirement fund. So when you are 65, if your IRA is not at a point where taking money out would be wise, we can withdraw for a couple of years from the WL.TL;DR My WL policy isnt for insurance, but to have another account to withdraw from in retirementIt sounds good, but 95 of the things I read on WL are negative. I dont the life insurance as I get that free through work, I am soley looking at retirment. Am I right where they want me or am I an exception where this is a good idea?Assistant: Am I Drinking NW Mutuals Kool Aid?TL;DR My WL policy isnt for insurance, but to have another account to withdraw from in retirementBig time. This is a common sales tactic for shady insurance peddlers.It will go up and down, but your WL will stay at a steady rate.Bonds do the same thing for orders of magnitude less in expenses.When you turn 65, you will have put 79,500 into the account, but you will have access to 182,000 that is tax and fee free. Er, no. The 79,500 has already been taxed. Any gains are most certainly taxed. If the 182k is the cash value of the account thats great - any amount you take out of that is technically a loan against the policy, and any outstanding loans get subtracted from the death benefit.Basically the only reason your advisors with whom you should sever your relationship immediately only put you in a WLI policy to line their pockets. You arent funding your retirement - youre funding theirs.Human: He told me that it was coming out of the death benefit. So when I take the 182K out, is isnt taxed and it cuts my death benefit from 364K to 182K. Does that change anything?Assistant: Not really. That just means youve paid thousands of dollars in expenses to use your own money in retirement. Cash is always better than cash value.Human: Is cash value not the same as cash? Im not trying to be argumentative, I am trying to understand and greatly appreciate your responses. Is it not the same as having cash in an IRA? I am investing 500 a month, would you drop the policy, max the IRA and put the rest into a mutual fund? Also, as far as the adviser goes, he is taking 1.8 annually from my IRA, however, can he not manage my account better than I can myself? Is it still not worth it? I feel like being able to sit back and not have to worry about my accounts because they are taking care of them is good for me. Also, this isnt my only retirement account. I plan on retiring from the National Guard which we leave me with a pension, I have my Roth Thrift Savings Plan, and I also have my work 401K as well. I have been trying to read through this site to figure out the best way to disperse my money, but its a lot to process. Assistant: I am investing 500 a month, would you drop the policy, max the IRA and put the rest into a mutual fund?Yes.Is cash value not the same as cash?No, its not. The cash value in your policy is built up over many years and comes after expenses.Also, as far as the adviser goes, he is taking 1.8 annually from my IRA, however, can he not manage my account better than I can myself? That is insane. See this page for a nice illustration of the effects of expenses on investment returns. You could be investing your IRA in a target date fund with Vanguard for literally 110th the cost of what youre paying now.Human: Thanks for everything. I have a military financial adviser that does our work for free. I am going to cut ties with NWM, get the Vanguard, and talk with her about how to get everything in a good direction. Thanks.  <response>: The 1.8 is absolutely OBSCENE. The Vanguard advice will most likely put you in a much better place in the long run. 