Whole Life vs Term: The Math

Most people waste thousands on whole life insurance thinking they're building wealth,

but here's what the insurance industry doesn't want you to know. A thirty year old

paying three hundred dollars monthly for whole life gets maybe fifty thousand in cash value after

twenty years. That same person buying term insurance for sixty dollars monthly and investing

the two forty difference in an index fund averaging ten percent returns? They'd have over

one hundred eighty thousand dollars. The math is brutal. Whole life returns average one to four

percent while you're locked in. Term insurance costs eighty percent less and gives you control

of your money. The wealthy don't buy whole life for themselves, they sell it to