I went to a financial advisor presentation last night (free dinner) and took in a persuasive sales pitch on LIRPs. Does anyone here have a working knowledge of insurance products (e.g. life insurance, whole/term life, variable/universal, etc.)? I'm weak in this area but I'd be interested in getting into a discussion about it as long as it doesn't sail too far over my head. As a starting point, I'll volunteer my novice theory that a lot of promises/objectives of different types of insurance policies can be better duplicated by the self-directed options trader.