<prompt> Human: I currently have the option to invest 15000year for 5 years 75000 total and receive a little over 1mil in return. This is actually a life insurance policy as well so beginning on my first payment, I will have life insurance until I pass. Im currently 20 and Id be able to start talking from the 1mil at 65. Is this a good investment?  <response>: As a person who once bought into this idea. You should not do this. 15K a year is a huge sum for a 20 yr old to pay for anything, but spending it on a policy like this is a terrible idea. Invest the money in smart investments. At 20, this 15K a year is a fantastic opportunity most people in this subreddit would have killed to have access to, and will compound over time. It could very easily be worth far more than 1 mil in 45 years. You want life insurance? Wait until you have a wife and kids to support, then get a term policy. If youre really worried, get one now because youre probably in better health than you will be at 25, or 30. But, do not pay for a whole life policy when that money could be wisely invested. Think of it as your own life insurance policy that you control. 