i disagree with that. life insurance is not a very liquid asset. it does not fight inflation and you can not leverage it very well. i looked into it quite a

i disagree with that. life insurance is not a very liquid asset. it does not fight inflation and you can not leverage it very well. i looked into it quite a bit in my 20's and it just didn't make sense. i think it creates risk, you have to guarantee for 20-50-80 years that you will be able to make the payments, and if you can not make the payments the policy terminates. immagine if elon musk had been buying life insurance and then was in the fiscal mess he was in, he probably would have had to ditch the policy. the other risk is that you don't by enough life insurance to make it worth while. there are plenty of good ways to transfer wealth while you are living. look into trusts. i also have a friend where his parents bought him a house over the course of like 10 or twenty years. if you need to do any financial planing of this sort, i highly recommend talking to several talented fiscal planners with different risk levels. make them compete for your money, and don't let anyone of them plan all of your assets.