u/FUlady

Hello, this might be a dumb question. I have a friend in CA who has a LOT of money in 401ks etc that he has saved to go to his kids when he dies but otherwise he is retired and cash-poor. He has a lot of projects he needs money for and told me he's considering getting a fat life insurance policy for the kids so he can spend his savings and enjoy the money he's earned. I cant think of a reason not to do that, his kids will be well taken care of when the policy pays out. Any thoughts? Thanks in advance♡