Updated: Oct 15, 2020
This myth is born out of over-bearing and over-cautious insurance and financial services compliance departments (and those who only promote "buy term and invest the difference... with me"). Why? Because they are afraid of misrepresentation... and they have every reason to be cautious. There have been numerous lawsuits against other agents and advisors promoting life insurance as an investment... and because of the lack of full disclosure, those who were sold these policies win their lawsuits.
Here is one such lawsuit:
Terminology is vitally important in this business.
In my first "myth" a