Your comments on cost something just dont jive. I didnt even add inflation. Once you add this, its practically a guaranteed money loser. That isnt a reasonable cost.Bottom line is that whole life is inappropriately sold most of the time. Its never a good investment. In the example you gave, it just doesnt make sense and is likely to fail even before death while getting the death benefit is likely still a loss. Even if one wanted to use an insurance solution to this person you picked, picking whole life isnt the better answer. One should likely pick a gUL with a no lapse guarantee. It should be cheaper for the same death benefit. It really doesnt make sense to use insurance to solve either an investing or savings problem.
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