The cash - value component of whole life insurance is a great way to force yourself to save money for retirement while providing life insurance coverage in the event that you become deceased. (policygenius.com)
Saving money for our retirement in order to achieve financial security is a habit that career professionals can live with, and takes proper planning and serious commitment. (resume4dummies.com)
So essentially, you're not saving money for your retirement by taking a policy loan and defeating the whole purpose of the plan. (protective.com)