<prompt> Human: So a rep from NY Life crunched my numbers and said that the Cash Value Life Insurance is best for me. Im 25, work in Corporate America, make a decent living. I already contribute to the maximum match from my company into my 401K...Ive personally never heard of this investment vehicle, but it does sound appealing.What I know about this so far...1 No contribution limit.2 Can withdraw money at anytime with no penalty. But the life insurance aspect of it would shrink proportionally.3 Same tax benefits of a ROTH IRA.4 Invests into funds of my liking. I can change funds without the penalties, also.Just curious what you all might have heard about this vehicle.  <response>: A rep from the Toyota dealership crunched the numbers and said that a Toyota is best for me.To put it another way: Myth: Cash value life insurance, like whole life, will help me retire wealthy. Truth: Cash value life insurance is one of the worst financial products available.Doesnt it bother you that this was pitched to you by a salesperson? It should. If you didnt realize they were a commission-paid salesperson, then that just shows you how unethical they are.The only life insurance you should ever buy is term life insurance. Unless youre rich or have other very unusual circumstances, insurance is a really bad investment. 