- 11,291
He paid in $683 per month for a total of $106,000 and his cash value was $94,000.
You didn't mention the death benefit. Looks like the death benefit had a net cost of $12,000 over 13 years ($106,000 / $683 = 13 years)... or $923 a year.
Your analysis reminded me of this:
https://davidkinderfinancial.wixsit.../01/11/Suze-Ormans-Advice-is-Reckless-at-Best