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!
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Links in this Episode:
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