Life insurance is the most common type of insurance policies. It's very common in the western countries while the insurance companies in the developing countries struggled to make much money.
I once heard a friend say, "I can't subscribe to a life insurance policy because it's like wishing myself death" you can imagine his mentality!
The major set back in whole life insurance policy is that you will die first, before you can get your benefits or money. So, most of the insurance company converts the life insurance money to some form of investments because in most cases, it's last longer.
I have seen people who benefited from life insurance and I am one of them. When my dad died , we collected some money from the insurance company.
How do you react to this?