buy using WL as a strategy. Your problem looking at the micro is that you forget to look at what doing that gets you on the macro.

For one small and simple example, when you calculate the ROR on a WL policy do you forget to factor in the obvious fact that no longer have to pay Term Insurance permiums...that will increase your external ROR, while your IROR stays the same.

Did you forget to factor in the obvious fact that divedend paying WL insurance pays for itself in 9 years or so and starts to decrease the amount you pay by year 2. Or did you run the premuims out of pocket forever?

In all honestly Statman, if you factor in everything that happens throughout life with a WL policy and what things you can do, I gaurantee that you will be better off with WL, then without it.