Term vs Whole Life: Invest Difference

Term life insurance costs a fraction of whole life but gives you the same death benefit.

Here's what nobody tells you. When you buy whole life insurance, you're paying massive

premiums for a tiny cash value that grows at maybe two percent annually. Instead,

get term insurance for ten times less money and invest the difference in index funds averaging

seven to ten percent returns. Over thirty years, that's the difference between fifty thousand

dollars and half a million dollars in your account. You control your money,

not an insurance company. The wealthy don't tie up cash in whole life policies,

they buy term and build actual wealth. So ask yourself, do you want to enrich insurance companies