re: Give me scenarios where whole life/VUL would be a good idea to own

I don't know a lot about the whole life/VUL policies, but something my business advisors keeps trying to sell me on is 2nd to die policies.

Said he picked up two $10M whole life policies, in which he listed each kid as the 2nd person on the policy, at a rate equivalent to a $2M 20-year term-life policy just for himself. Something about the census tables, their ages & health when the policies were taken out.

I haven't researched it because I am not there yet. But since you are asking, and I just had the 5th conversation about it last night, I figured I would throw it out as another option to research since the purpose would be to pass something on to your kids.

And before anyone asks, he does not sell them.