Could u explain why u recommend giving up the term insurance when u are older? ( in the IRR slide)?

To answer this. We have to look at the premium (cost) paid to get the coverage.

If the cost is like 4% of coverage, you pay 25 years you effectively funded your own Insurance. It doesn't make sense to pay so much to get covered if you can save that amount up. Buying at the initial start would help to buffer the risk.

And taking risk (fr the 6th year onwards) is sometimes necessary.