Is a PLI the same thing as a whole life policy? If so, I've been bleeding into one of those for a while now. The opportunity cost does bug me one every time I pay a premium. The one major advantage I found is that, when applying for a mortgage, it took 10 minutes over the phone to get approved at crazy nice rate (guess it counts as an asset). I can't really stop now that I'm 10 years into mine, but I would not do it again if I could go back. The cash really could be used more effectively.
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