Whole Life Insurance Will Be Gone with NIRP

I don't want to hear it, it's happening. The first huge sign of cracks within life insurers are showing how they are handling negative interest rates. In Japan, they have lowered rates into the negative territory. This is putting pressure on their life insurers to make a profit since they tend to park it into dollar denominated assets and currency (which are at a shortage), forcing them to look for other avenues like the Euro. This nets out at a wash, which means insurance companies aren't making anything.
So now life insurance companies are canceling permanent cash value products because of

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