So, you've built up or you are building up a safety reserve, probably in a money market fund or set of CDs. Why not take that money that is earning almost nothing and put it into a specially structured whole life policy.
Advantages:
1. better interest rate by far over time.
2. a death benefit that can be incidental to your savings.
Considerations:
1. If it's truly a safety reserve and you don't plan on using it, there is little risk to having to liquidate it in the early stages of the policy.
2. If you need money, you can always loan it to yourself without closing an account or selling a CD. And the death benefit stays in force less the money you've withdrawn.
Seems like a pretty good strategy for most people.
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