Saxophone nine eminem

What exact is whole life insurance, and how do life insurance companies profit from selling it? - life insurance with abcess

Agents are always very interested in the sale of all of my family life as a long-term. Officials said all life is better in the long run because it will not shut down, and as a result of the recipient is guaranteed a payment at death of the insured. However, why the profits of the insurance of such a configuration, if they are required to pay an amount at least equal to the total amount paid?

I've tried to do some research yourself, but I still can not quite understand this problem. Any help would be appreciated!