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Originally Posted by zcarguy
Trevor,
One of the questions I was hoping Nevin would ask is "In the event of death what happens to the cash value of your whole life policy?" In other words do you retain the cash value as well as receive the entire death benefit or is the cash value forfeited?
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This is supposed to be a good deal?
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You're right, I worded that poorly previously. I knew the answer, but assumed everyone else knew the question. My mistake.
Long story short, with a whole life policy, you only get to have one or the other, Seldom if ever both. You can not have the cash value and the insured value. You can not have your cake and eat it too.