Does someone have some info on what exactly this is? My wife has one which we pay $ into every year but its got me stuffed what it is actually for. Not much on AMP website as it seems you cant get Whole of Life Plans anymore and they have removed any info on it.
I understand the death benefit component, but what about the rest? Is there any advantages in putting money into it or am I better to just see if we can take it out? (I think she has had for longer than 10 years so no tax applies?)