Whole Life (WL) is the most complex product ever developed by the life insurance industry. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up.  It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. I would also suggest reading the “WL Design Basics”, WL Guarantees” “WL Dividends” and WL Surrender Charges” write up’s before reading

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