Monday, October 23, 2017

Term vs Whole Life Insurance



In most situations, buying term life insurance is the better choice.  Whole life insurance "invests" your money, but insurance is not an investment - it's simply insurance.  You only earn, on average, 1-3% when you buy whole insurance.  Whole life insurance also has a much higher monthly cost.  Many financial advisors recommend that you purchase term insurance and invest the difference ways that will earn you a higher interest rate.

The video below is helpful for a better understanding.


25 comments:

markson said...

On the off chance that you go for a too low sum, you won't get enough assurance. Similarly, in the event that you go for a pointlessly high sum, you will bear the additional expenses with no extra advantages.compare term life insurance quotes

https://www.assignmentgeek.com.au/ said...

I had this assignment in which I had to write about insurance and I don't even know what it is. Thank you for writing this. Now I m soo clear about the topic

Andrea R. Williams said...

Greater Flexibility in Investment - There will likewise be more noteworthy adaptability in venture including the arrangement empowering you to hold private property inside your benefits support.pension investments

Anonymous said...

I recommend you to everyone. Thank you for all of your assists they seem much more informed within their services and products; we highly recommend Insurance Hero to all my family and friends!simon jones

David said...

I want to say thank you for writing this. I have bookmarked this. Get more information about health insurance, Visit Innovative Insurance, we also offer Life, Health, Disability, Personal Auto, Flood and Homeowners Insurance. We can help you with all of your business and personal insurance needs in Coral Springs.

George said...

You really should take part in a tournament for starters of the best blogs on-line. I am going to recommend this great site! IULs

Joseph Samra said...

Thanks for explaining the differences between these two. This post is very informative. To know more contact me here: Attorney Joseph Samra

Arslan Naeem said...

This is a brilliant blog! I'm very happy with the comments!.. whole life insurance policy

FM Financial Group said...

Nice stuff, it was nice to see this article. It was really appreciable. Thank you so much for sharing such an informative article. Best Health Insurance Plans Tampa

Anonymous said...

dishwasher 2020

ehpadinvest said...

Impressive blog and its information is about health. as we also provide INVESTIR EN EHPAD at affordable prices. for more info visit our website.

Unknown said...

There is noticeably a lot of money to learn about this. I assume you made specific nice points in functions also. life insurance

Alia parker said...

I just love your work. There are parts of people who need to purchase their first home but can not purchase only since of missing information. I truly appreciate your work. I will unquestionably deliver this data to my family and friends. Second Mortgage Toronto

Naveen Kumar said...

health insurance is commonly known as mediclaim. It is a common practice for Public Sector Undertaking health insurance companies to name their basic health insurance plans as Mediclaim Health insurance in India is popularly known as mediclaim. The governing authority IRDA issues licenses to health insurance companies. A total of 24 companies in India provide health insurance. Here is a list of top 10 best health insurance companies

Daniel Bryan said...

Thanks for taking the time to discuss this, I feel strongly that love and read more on this topic. If possible, such as gain knowledge, would you mind updating your blog with additional information? It is very useful for me.
Best Managed Accounts

Daniel Bryan said...

Attractive, post. I just stumbled upon your weblog and wanted to say that I have liked browsing your blog posts. After all, I will surely subscribe to your feed, and I hope you will write again soon!
business insurance toronto

Siscom said...

Only wanna remark that you have a very nice internet site, I the design and style it actually stands out. insurance blog

albina N muro said...

If more people that write articles really concerned themselves with writing great content like you, more readers would be interested in their writings. Thank you for caring about your content. how do u buy likes on instagram

skz said...

I’m excited to uncover this page. I need to to thank you for ones time for this particularly fantastic read!! I definitely really liked every part of it and i also have you saved to fav to look at new information in your site. Safeco home insurance reviews

Mega Poker said...

Hi, Thanks for your page. I discovered your page through Bing and hope you keep providing more good articles. the insurance care

Victoria Heinicke said...

This is my first time i visit here and I found so many interesting stuff in your blog especially it's discussion, thank you.
Best Mutual Funds To Invest

Rozer Baine said...

You are really awesome because the post you've got shared here is basically interesting and informative also. Thanks for posting it. Keep it up. Compare Best Medical Insurance Plans

Rozer Baine said...

I would like to give many thanks for posting such an instructive post during this blog . I got some different sorts of knowledge from this post. Keep Posting. Compare Best Medical Insurance Plans

kenwood said...

Now, look at their various plans and make a list of plans that meet your expectations. car insurance tucson

whiskyonlinesupply said...

I am frequently to blogging and i also truly appreciate your content regularly. The article has really peaks my interest. I will bookmark your website and keep checking choosing details. property insurance