09/08/2025
No we don't sell lemonade, but... imagine you own a lemonade stand with a childhood friend. That stand is maintained by both you and your friend. Now you and your friend have similar interests and a common bond (the lemonade stand), but each of you a different way to help with the stand. One day your parents tell you your moving away... How is the lemonade stand going to keep sustaining and growing?
Term Life - You give away one lemonade everyday to another neighbor friend who promises to help with the stand if you leave before 10 years (the term). When you leave the stand is not the same, but your childhood friend is thankful to have someone else to continue the lemonade stand for years to come. If you don't end up leaving, the extra lemonade (the cost) you gave away can't be returned, but has been invested into that neighborhood friend that promises that same commitment to the stand down the street.
Whole Life - You keep and freeze multiple cups of lemonade (the higher cost) everyday so that when you leave the childhood friend will now have access to a massive storage of lemonade. This will help the lemonade stand continue on in your absence, but you may have less lemonade to sell now and in the future the quality of lemonade may not turn out to be the best (who wants years frozen lemonade?!) However what happens if you don't ever leave. Well all that frozen lemonade can be traded in for new fresh cups of lemonade of a similar size.
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