<prompt> Human: Ok so my friend is 30 and wants to be rich by 40.Hes planning on taking out a 1 million dollar life insurance policy on his father because he truly believes his father wont live more than another 10 years.This insurance policy costs 2000 dollars a month. So my friend says that even if it takes 15 years for his father to pass away hell still be ahead of the game and make tons of money off the policy.This is a policy with industrial alliance, based in Canada.Anyone have any details has to why this wouldnt work?Assistant: How long is the life insurance policy for? How old is the father?Human: The life policy is until the person dies i guess and the father is about 55 id say thats what doesnt make sense to me. Why would the company allow a policy like that if the person has huge chances of dying way before they make their money.Do they basically make money by investing the monthly payments?  <response>: FYI: 55 is actually really young. 