<prompt> Human: My friend keeps telling me about how he uses whole life insurance in a way that I never heard of before. His life insurance policy at National Life Group allows him to invest his contributions in three great-sounding investment vehicles, all in a tax-deferred account. Those three are: Something that guarantees a 5.25 annual return an Samp;P 500 index fund with a 25 match that shields you from losses a Emerging Market index fund that also promises no losses...you go all-in on any of these three, and you can switch your choice once a year. This sounds too good to be true. He says its due to some loophole, and should be the first place people put money after maxing out their tax-advantaged accounts, even if you have no dependants. Whats the deal here? I should add that I dont have any defendants and dont necessarily want insurance, I was just attracted to the investment potential.Edit: formatting and that last bit at the end.  <response>: Did your friend also explain the inflated cost of the insurance premiums, underperforming investment options, high investment fees, and high surrender fees that come with these accounts? He says its due to some loopholeTheres no loophole, just a wormhole which transfers large amounts of money from these types of your accounts to the insurance agents pocket via account fees.Dont take financial advice from this friend of yours. 