<prompt> Human: Hi all. 24 year old male, graduated college in May of 2013 and have been working at my first job for over a year nowthink I have a good handle on this but do have a few questions and want some opinions.My gross salary is 52,500yr, net of a 2,674month, after 10 to my Roth 401k 437.5month. I have no debt.Total expenses: rentutilitiesfoodetc 1,625monthNet after expense 1,049month 12,588yrSavings:Roth 401k 10 of pay, plus company match 5 obviously taxed, but separate from net income as noted above currently 10,600Roth IRA 250 a month top off with 2500 at the end of the year every year to get that 5.5k total currently 19k have been depositing into this for years now, since high schoolWhole Life 431 per month. Life insurance total of 500k, current cash value of 4500.I think I do a good job of savingthough that is not the basis for this question. My main question is pretty obviously about the whole life policy, with NWM. It has a current cash value of 4500 and a life insurance benefit of 500k. It seems like the more I read about these I dont gain additional insight. I was more or less coerced into buying itas most are it seems. Ive heard the 100 reasons its bad and the 10 or so why it might be good. Do you think for someone in my position where it only constitutes roughly 13 of my total savings it could be a good way to diversify or am I just making that up to make myself feel better? Im already maxing out the Roth IRA and taking full advantage of my company 401k match which is fairly decent. I suppose I could put more into my 401k? Would people advise for that? Or open a regular IRA? I do also have a pretty sizable amount of money in ETFs and mutual funds and some stocksso could go even further down that road as well.At this point Ive put about 11k into the whole life over 2 yrs and would lose over 5k if I canceled it. But if thats the right thing to do Ill just chalk it up to being uniformed and wont make such a mistake again.Please let me know your thoughts. And thanks!EDIT: Will be canceling the policy. Thanks for pointing out the obvious!  <response>: FYI my 1,000,000 term life policy costs me less than 50month. I just finished getting it set up when I got married a few months ago, I am 27, non-smoker. Dump the whole life policy. 