All the whole, universal, variable are loaded with agent commissions as your premium and atleast for 7 years your investment go nowhere. I agree you can guy more insurance for your money in term than whole. I am with TERM as a sole insurance for anybody who don't have any insurance. but if you are done with all 401k, IRA's and investments, WHole or variable is considered as tax shelter with investment and insurance option embedded. It has loan option which can be used if you have a good surrender value.
I am not a sales man but I have done quite amount research and current working on my insurance course CFP. It gives lot of insight about insurances. I was a total opponent of whole but after reading, I found it not all that bad but it shouldn't be considered investment vehicle.
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