Prosperity Podcast

The Problem with Term Life Insurance – Episode 128

Summary:

Today our hosts, No B.S. money guy Todd Stroble and best-selling author Kim Butler talk about the financial planning lie of “buying term and investing difference”, why this concept is fallacious and what some good alternatives are. Tune in to find out how to take control of your money today!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Links in this Episode:

Show Notes:

00:00 Intro

00:24 Addressing More Financial Planning Lies

00:32 Buying Term & “Investing the Difference”

02:11 What is the Most Profitable Product to the Life Insurance Agent and Company?

06:01 Why Whole Life Insurance is Better for the Client than Term Insurance

07:32 99.5% of Life Insurance Premiums Never Pay a Death Benefit

11:24 Using Insurance As a Savings Equivalent

11:37 Why Not all Term Policies Are Equal

14:45 Resources for Listeners

16:39 Outro

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