Term vs Whole Life: The Cost Trap

Term life insurance costs 90% less than whole life for the same coverage amount. That's not a typo.

You could be paying ten times more for whole life when term does the exact same job of protecting

your family. Here's what insurance companies don't want you to know. Whole life policies

lock your money away with terrible returns, usually around 2% annually.

Meanwhile, if you buy term insurance and invest the difference in a simple index fund,

you're looking at average returns of 10% per year. Over 30 years, that's the difference

between having $50,000 or $500,000. The plot twist? Insurance agents push whole life

because they earn massive commissions, sometimes 100% of your first year premium.