Does it make sense to buy Limited Pay Term Plans?

If you want insurance for post retirement, it would make sense to get limited pay policies as you may not want to have a cashflow issue after retirement while maintaining your policy.

The advantage of BTIR (Buy Term Invest Rest) is somehow mitigated if one selects a limited pay term plan. The aim of the BTIR strategy is to minimise insurance expense to maximise the remaining cashflow into investments. A limited pay Term Plan may simply mean that you are sacrificing cashflow in your initial years to pay for an expense, hence, depending on the maths and investment expertise of the individual, one may actually be better off getting a whole life plan if the concern is whole life coverage. Coupled with the fact that most people would prefer to have CI coverage, Whole Life plan would make more sense since the cash value can be a form of safety net in the future since investment returns are never guaranteed.