re: Whole Life Insurance Lapse Rate

quote:

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If you believe the above to be true, and you believe about 80% of people who buy WL forego the long term gain (as you posted previously), then therefore, you believe that about 80% of people who buy WL have made a terrible financial decision.

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The leaps you've made here. Oh boy.

lapsing the policy is a terrible decision (sometimes. Impossible to say 100% of the time because situations are different, which is my entire point). However, this has no bearing on the decision to buy a WL policy. Buying a WL policy can be a very good decision and can be a poor decision. The amount of the policies that end up being lapsed has, again, no bearing on this.

I'll rephrase what you just tried to say. 90% of term policies lapse before they can pay out. Therefore 90% of people who buy term insurance have made a terrible financial decision.