Hey guys, last week a financial planner submitted my info for underwriting.

He told me that I will have around 14 days to decide whether I wanted to continue the plan after I received my confirmation which I've received 2 days ago.

After some consideration, I don't really feel like committing to the plan as I have quite a few commitments on hand now.

Thanks for the info bro, I still haven't receive my contact yet.

Btw, there is something I'm really unsure about the life insurance + investment link.

The financial planner told me, the insured amount will remain in effect even after the policy has reached maturity, as long as there are some minimum amount of money left in the policy which is more or less half of the total amount paid.

1) The policy term is 10 years, so I'll have to make consistent payment for the full 10 years
2) I'll still be eligible for the full insured amount as long as minimum amount of money is still in the policy. E.g. 50k is withdrawn out of 120k is fine.
3) I'm guaranteed the full insured amount after I pass away no matter how old I am
4) On top of that, the money put into the policy will still continues to grow, quadruple if I don't withdraw anything in 30 years. I know it's speculative at this point whether I'll withdraw the money in those long period but just thought it's worth mentioning.

Which comes back to the point, seems to be too good to be true especially the third point.

How is the insurance company supposed to earn any money if I'm guaranteed 5 times the amount of money I put in after my death and still able to get back the money i put into it with interests on top of all that???

Anyone can confirm the correctness of this piece of information or there's something I probably misunderstood and is this applicable to all the life insurance as well?