Jayson Lowe argues that dividend-paying, participating, whole life insurance should be treated as a "warehouse of wealth" rather than an investment. He promotes it as a place for uninterrupted, daily accumulation of wealth protected from pandemics, economic downturns, government intervention, market volatility, and assets that can be repossessed or devalued.
So why is investing in dividend paying, participating, whole life insurance a warehouse of wealth? What's firstly important to understand is that this type of contract is not an investment. Never has been, never will be. When you're considering building your warehouse of wealth, I would ask you to identify what attributes do you want that warehouse to have? Do you want your wealth to grow on a daily basis, uninterrupted, in a facility where there's no pandemic, no bad economy, no government intervention, no risky stock market, no cryptocurrency, volatility, nothing that can repossess, devalue, or take away any of that daily accumulation of wealth? Then I would tell you that dividend paying, participating, whole life insurance is a great place for you to build your warehouse of wealth.
