Greetings, bwb1, and welcome to Fooldom.

<<I'm 21 and was looking at opening a variable annuity for a place to store money after my IRA is full. But when I spoke with the agent, they tried pushing variable whole life insurance on me, saying it was the same, except eithier to get the money out of latter, if I ever needed it. Now this sounds way to good to be true, all the benifits, but none of the draw backs. Is this to good to be true? can someone please help???? >>

In my absence, Rayvt gave you a super, well-reasoned response to this question. I couldn't have said it better myself as it expresses this Fool's philosophy in a nutshell. If you haven't read that missive yet, you definitely should do so.

And to Ray: Thanks for the assist, and keep up with the Foolish postings!

Regards.......Pixy