Younger policy holders also pay less for the term portion due to low death risk, so it has the appearance that starting young is better.When you get a whole life policy, you are basically paying for term and investment.

Justin, every insurance policy has language within it stating if the policy holder has misrepresented the risk the insurance carrier has the right to deny claims.  

There are probably exclusions for intentional damage by the policyholder, but I’d imagine that’s rather rare. 

Borrowing against life insurance policies can delay stable returns that could act as a nice retirement account for the policy holder.

Contact property insurers in your area and offer to rent to their displaced policy holders.

I am not saying histroy will repeat becase these last 30 years have been a hell of a roller coaster and aside from the COI and admin charges, a whole life policy has generated about 4-4.25% dividends and most policy holders automatically reinvest the dividends or in this case simply let the dividends compound.

They avoided it before because it would be insuring past losses which is a disservice to their share holders in a stock insurance company and the other policy holders in a mutual group insurance company.

Do you think if the policy holder wasn't on title that an insurance company would not pay? 

It's one or the other.If you plan to be legit, and 1099 anyone who works for you, then your workers comp/general liability policy holder will need a copy of their insurance policies.

It is a better coverage for the policy holder than "Actual Cash Value" (ACV).