Tell us 1 thing that is riskier for the insurance company when they write $1M whole life vs $1M term life policies. The risk is exactly the same. You die. They have to pay you the $1M. In whole life, they also have to pay you more based on the investment side of the policy which is exactly the issue.
The amount extra you pay for the investment part is way over the top vs the additional payout.
And that, my friend, is why they pay the sales person disguised as a financial advisor a ton of money to sell those policies.