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

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I essentially have a no cash value Universal Life Insurance policy. It is basically a permanent term policy. And because it does not permit access to cash value or cash growth, 100% of the mechanics of the policy are built to sustaining a paid up permanent life insurance benefit (to offset losing social security income for my wife when I die or to pass on a benefit to my kids' families.

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