Life Insurance...

Talk to a broker cause you can get a way better return than 6% and add compounding interest to the picture and your pretty much set. Thats good your looking into different investment vehicles but that one may not be for you.

The insurance rates inside of a whole/universal/variable life policy are actually term costs.  Like mentioned before though, you could do better investing outside of the policy, BUT don't underestimate 1 thing.  Insurability.  I obtained a policy when I was 22 and another when i married at 25.  I am now 32 and still in fine shape, but a few pounds heavier, some family medical issues have popped up in my parents that weren't known a few years before, and all WILL raise those rates.  While many people will tell you you are young, you don't need it, there is no crystal ball to tell you to buy it the day before you get in that car wreck or get diagnosed with diabetes.

I have 500k in insurance and have great rates.  I'd be paying considerably more if I waited til age 32.

My advise would be:

Purchase a term policy.  Most allow for conversion to permanent insurance (universal, variable, whole life) without evidence of insurabilty,,,meaning you dont have to go through the underwriting process again..

Max out your contributions to all qualified plans you have available to you (401k, def comp, etc).  If you are making a boatload of $$$, then consider life insurance as an alternative/additional investment..