Term vs Whole Life: The Math
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Term life insurance saved my family over three hundred thousand dollars and I'm going to
show you exactly how. When I turned thirty, everyone told me to buy whole life
insurance. The agent made it sound perfect, building cash value while protecting
my family. But the numbers didn't add up. I was paying four times more than
term insurance for the same coverage. So I did something different. I bought a twenty
year term policy for a quarter of the price and invested the difference in index funds.
Fast forward fifteen years and my investment account has grown to over two hundred thousand dollars,
while my friend with whole life has maybe forty thousand in cash value.
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