Vultures, waiting for people to die.<quoted text>
They carry billions in term life, just not on themselves
"“Berkshire purchases life insurance policies from individuals and corporations who would otherwise surrender them for cash. As the new holder of the policies, we pay any premiums that become due and ultimately – when the original holder dies – collect the face value of the policies. The original policyholder is usually in good health when we purchase the policy. Still, the price we pay for it is always well above its cash surrender value.”
— Warren Buffett, Berkshire Hathaway 2004 Annual Report"
Dumbass dave is an idiot.
Whole life policies are the worst "investment" possible.