Tonight we will discuss Term Life vs Whole Life. many companies try and sell whole life which is a policy that also builds cash value, meaning that it is interest earning. The problem is that it is more expensive than term and for the first few years you earn nothing.

Now, with term insurance it is much cheaper and you can also get more coverage for less money than if you actually bought whole life. Now here is the real kicker, you can purchase term insurance for say $85.00 per month and use the balance of what you would have spent on an investment preferably mutual funds . Can we not agree that you would receive a higher amount of return with the mutual funds that start earning right away then waiting several years for a small return using whole life?


It all makes good sense. And protecting your family in the case of untimely death is the most important thing you can do for your family.