Recently, a colleague of mine has been experiencing an increased amount of financial stress in his life. He is going to get married soon, have to pay the down payment for his flat, and commence paying the monthly installments like all budding home owners. Besides the looming mountain of debt, he also has to service a whole life policy a "friend" sold him. Having read up a little on insurance after purchasing the whole life policy, he realized he got a sucker's deal. He is hesitant to terminate the policy as he would not get back the full value of premiums paid thus far. Hence, he is intending to continue paying the premiums for his whole life policy. Add to that that both he and his wife-to-be only have contract jobs, the huge financial load that they would have to shoulder together as a couple seems all the more intimidating. ...