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Kiplinger
Kiplinger
Business
Maurie Backman

Whole Life Insurance: Stealth Retirement Savings Tool or Waste of Money?

Three wooden blocks agaisnt a blue blackground. Each block has a word on it, spelling out "whole life insurance.".

For years, the narrative around life insurance went something like this: Buy protection while you're young to replace your income so your family doesn't struggle if something happens to you.

And that message has clearly resonated. A good 51% of American adults say they have some life insurance coverage, according to LIMRA.

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