Fun fact: I recently learned life insurance can be used as a mechanism for really wealthy people to dodge taxes. Basically under the right circumstances you can pull money from life insurance policies with little to no penalty (and no, I'm not talking about when you die). High Deductible Health Plans and their corresponding Health Savings Accounts also work the same way, because they accumulate interest and have no tax penalty when used under the right circumstances.
See here: https://smartasset.com/insurance/how-to-use-life-insurance-to-build-wealth
In essence, insurance is a scam to rob those who don't have much means, while simultaneously acting as a money laundering vehicle for those who do.
They are. Which is why these people go for FWB...if they can even get that