<prompt> Human: I really hope someone here can help me. I have a large family that has a tendency to get excited about something and blindly jump on board together...mostly get rich quick schemes Amway, it works, World Ventures, etc... Theyve all been involved in all of these businesses plus many more. My family is not very educated when it comes to finances and they dont learn very well from past experiences. They are a scammers dream. Well, the latest thing going around the family is an insurance guy is convincing them to buy whole life as sort of an investment? I know nothing about these policies and anything Ive studied online about it seems like someone trying to sell me on another MLM company. It all seems very complicated to me, but my family is convinced and they are all about to invest a lot of money with this guy. The general idea as told to me is this: You set up an annual investment of what you can afford, BUT you can borrow back some of the money without ever paying it back while at the same time earning interest on the full amount of what your policy is worth. The first year you may only be able to pull out like 65 of your money but this increases each year until the 3rd year in which you can pull out all of it and after that the amount you can pull out is even more than you put in and you never have to pay any of it back, it will be paid back when you die. This is all tax free too. And you earn interest on all of the money invested regardless of how much you take out. Is this a scam? If so, how to I expose it as such? I want to protect my family from losing a bunch of money to this guy if its not real. They are supposed to all meet up with him soon and set this all up. Any help is appreciated. Thanks!Cliffs:-Large family collectively susceptible to scams -Been involved in many scams and lost bunch of money to them-Family is financially ignorant and impulsive-Insurance guy has many convinced to invest a lot of money in whole life as long term investment-Feels like scam to me but I dont know how to expose it-Help!  <response>: If you cant talk your family out of meeting with the insurance guy to discuss this ridiculous idea: Make sure they ask him how much commission hell make if he sells them this policy. If he refuses to give them a number, hes evading a legitimate question. Would you sell a house without knowing what the realtors commission was? Would you invest in a mutual fund without knowing the costs and fees?If he gives them a small number, hes lying. They should ask him to put it in writing and see how he responds.If its a big number, it should demonstrate to your family that this is a good investment -- for him, not them.tEDIT: Ask about ongoing generally annual commissions as well as any up-front commission. in fact, dont use the word commission at all. Ask how much money will you make off this investment, both immediately and in the future? 