@Ali Baba;
You are quite harsh on the insurance companies when you write 'Those policies are not worth the paper they are written on.'
The policy pays back all the money injected plus interest [albeit small when compared to other investment avenues]. But the key is not to treat it as an INVESTMENT.
It is not; indee,ICEA does not even call the earnings 'interest'; it calls them 'bonuses'.
You will know that an education policy is worth more than the paper it is printed on when your relative dies and you have to support his/her kids with school fees...just because the parent did not have education insurance.
One thing that must be emphasised is that and education policy [or any other insurance policy for that matter] is NOT an investment!!! Therefore it should NEVER be compared to investments like shares,bonds,real eastate and the like.
For that reason,one shuld only inject a small amount of money into the insurance AND invest into other avenues as usual.
Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.