From everything I have read I still cannot be convinced of Whole Life Insurance but it seems to be the first thing any financial advisor is trained to sell.
From what I read there are minimum guaranteed contractual rates at which the cash value of your account will grow at. If you were going with the mentality of buying term insurance and investing the rest what would be something you would invest in that could be "guaranteed" to perform at a rate equivalent to most whole life plans. Ideally higher would be better, but worst case what would be something that would be "guaranteed."
How are they guaranteeing anything? Where are they investing the money to be able to grow it consistently and without risk? Is it just due to other policy holders investing, they would still need to pay out the cash eventually plus larger payouts if someone were to die.
I'm looking for what most people recommend when giving the advice. "buy term and invest the rest."