Cash Accumulation life insurance

[Peter York]

I have been working with a financial advisor for about a year now and he is strongly suggesting permanent life insurance. I am skeptical about it because I would rather save the money that I would put into the policy and instead put it towards a real estate investment. Also, I am only 21 so life insurance seems like a waste of money right now. He is pushing it because it is a guaranteed return of 5% and it is also tax free. Is permanent life insurance worth it?