Whole Life question

I am curious about Mass Mutual's Enhanced Whole Life product? I know everything I read says not to get whole life insurance and I really can't afford it and continue to contribute to my ROTH, but this product seemed interesting. Has anyone had experience with it?

No experience with it, but generally speaking, if you have to choose between whole life ins and a Roth, that's a pretty easy answer.

Roth

...every day of the week

...and twice on Sundays

So what is it about this WL policy that's so interesting? I'm going to take a guess: Tax free growth, the ability to borrow against the cash value for no interest, and the flexibility to pay back loans whenever or even not at all.

Am I close?

Have you told the agent you can only afford one or the other? If so, what did he/she say?

i guess the question is: why is it interesting to you? is it because of the touted lower premiums than other WL products? if so, i would venture to say that Term Life is still probably cheaper and may allow you to invest in your Roth. I am not sure i have read anyone (of repute) on these forums that has advocated funding a WL policy over a Roth (assuming Roth is an option) unless your retirement goals are all set in place. Remember that with a Roth you can always take out cost-basis tax-free (just not earnings) prior to retirement age so it can operate as a potential Emergency Fund as well.

FYI, i chose a WL product back 4 years ago that i did not fully understand at the time. I went through some difficult financial circumstances last year and ALMOST cancelled the policy, but i am glad i didn't now that i understand my policy better. During that time, however, i could not afford to fund my Roth, and for that i have a bit of regret. Now,1 year later, with a new job, i will no longer qualify to fund a Roth so WL may be an option to consider for tax-advantaged savings after maxing out my 401k. The point being is that i don't want you to have to deal with the same regret i had when i couldn't afford to fund my Roth. Not that the WL policy is the worst thing one could do, but it certainly may not be your best option.