<prompt> Human: Hello Everyone - here is my situation. My wife I have been very poor for a long time. About 5 years ago, we started a small company, and weve been making really decent money. We have a pretty big dealer contract base, and it seems like well continue to do well.My question - for the last 2 years, our Financial Advisor has helped us with Term Life insurance 250k for each of us, and IRAs for the purpose of tax relief for our company.Lately, he has been really pushing us to do a Whole Life Insurance policy for the sake of Investing in our later years.Heres the issue - I still have a poor mentality. I like having money in the bank I know this is not a good idea from an investment standpoint, but I never know ifwhen I might need it. My wife I are very frugal, but I also dont want to work forever.My financial situation: Im 37, my wife is 48. The only loan we have is our house 140k, and weve been putting 5k a month on the house payment, hoping to pay it off in 2.5 years. We have 150k in the bank, and 40k in IRAs.My question to you - I would like to invest 50k. Should I stick with a traditional investment, or go with the Whole Life? He really seems to upsell the Whole Life as some type of loop-whole idea. Or, should I stick to a more tangible investment like a rental property? Im not looking to get rich, but I would like a better interest rate than the bank for my money.Thanks!  <response>: The absolute very last thing you should do is buy whole life insurance. In fact, run from this insurance agent company and dont look back. You need to get to a discount stock brokerage firm near you. You need to begin the process of making your own financial decisions. Stay away from commissioned employees of insurance companies and banks and brokerage firms. 