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For your children

I am sorry, but insurance is a scam to begin with, and now they find anyway not to pay. It's all over the news

You can also use insurance as loan collateral.

But why? And you have to be so careful in regard to terms and conditions. Unless you can hold insurance accountable, in the end you just make them rich.

Someone always gets rich off someone else getting rich.

Building your wealth can be done in many ways, but knowing that you are not going to honor your obligation or try your hardest to avoid paying out even before selling insurance policy is stealing. Do you promote stealing? After all, it is the insurance industry that lobbied to make laws and force us to pay them no matter what. Unfortunately the laws that obligate them to pay us back had also been written by them and approved by their buddies in politics.

Selling out? It's an asset. You can have your own approach. Life insurance can also be on your side if you're wrongfully murdered by law enforcement. There's many positives, nothing I've suggested is illegal. I however can legally not give financial advice. If you doubt me feel free to point me to where I've been incorrect with information and the source so I can educate myself.