Borrowing money from Whole Life Policy ?

elainang2006 asked: I have a whole life policcy for 25 years, my cash value is built up to $300,000, and my total death benefit is around 1 million. I want to borrow money from the bank, from the total death benefit instead of cash value because I can borrow more money with the total death [...]

Is it recommended to buy whole life insurance for a child?

mahjong asked: A friend of mine recommended buying whole life insurance for my child. He said it was better than investing elsewhere. For example, you can get a 1 million dollar insurance which will be paid up by the time he is 18 at an annual rate of about 4500$. And this money grows to [...]