Why Buy Term

https://www.kimsnider.com

Term insurance is pure risk management. It pays for the cost of insurance during the specified period of coverage. Wasn't that your goal?
Permanent, or cash-value, insurance policies are meant to be a long-term vehicle that combines insurance with an investment account. A portion of your premium goes towards your insurance coverage, while the rest is directed to a separate savings account.
There are three types of permanent life insurance: whole life, universal life, and variable life. The difference between each of these policies is essentially how the separate savings account is invested.
Whole life is invested very conservatively in cash, money markets, and bonds. Universal life tracks an index, such as the S&P 500, and variable life is invested directly in the stock market. With variable life, the policy owner can self-direct his or her investment choices.
All the "benefits" of permanent, cash value life insurance need to be carefully scrutinized:
In the first three years or so of a permanent policy, the cash value is eaten up by commissions and expenses. Be aware that an insurance agent will receive 50-100% of your first year's premium.
How about return? James Hunt, actuary for the Consumer Federation of America, who has analyzed thousands of these policies, notes that permanent policies hardly ever yield a reasonable return unless held for twenty years or more. And what exactly is "reasonable?" Be sure you are analyzing the internal rate of return of the policy, which is the return net of fees and expenses.
Most Americans cannot get by with a 4% withdrawal rate. In fact, the vast majority will need a low double-digit yield from their portfolio to sustain thirty or more years of retirement. This would be nearly impossible to accomplish with a permanent life insurance product.

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[mlmikes]

Sorry, I had to dislike this vid. I was with you up till you even suggested that a whole life policy was at any time worth getting for any reason. They are not.