<prompt> Human: Offense such as investments, cash, etc. Defense such as Roth IRA, 401k, emergency funds. What about a life insurance non-term used as a cash reserve to grow money and for that liquid cash to be there incase things come up?  <response>: Sounds like youve been talking to an insurance agent whos itching to sell you a whole life insurance policy.Whole life insurance policies are terrible savings vehicles for many reasons: first off, you dont break even on the policy cost of premiums vs. accumulated cash value for years, even decades. Second, advertised returns tend to be better than reality; most insurers tend to lower dividend payouts over time. Third, withdrawals from WLI policies arent actually withdrawals, but rather loans against the policy; these loans can cause these policies to eventually drop a huge tax bombI would suggest you never talk to this insurance agent ever again. 