Skip to main content

Posts

Showing posts from December, 2018
Term or Permanent Insurance? Which Should You Own? Watch out for the dangers of Term Insurance.
Do you want to provide a guaranteed, tax-free benefit for your family or business, regardless of how long you live? Then you should own Permanent Insurance.

The people selling term insurance rely on a misleading slogan "buy term and invest the difference".
The problem with this slogan is:

Nobody invests the difference!
If you want to protect your family for your entire life, a permanent policy is your only option. If you want a better return, look at permanent coverage. The net cost is much lower than term insurance.

The Dangers of Term, Look at the Math: A male 35 will pay $950 annually for $1,000,000 of term (for a female, a little less). The 10-year net cost of this policy is a LOSSOF $9500. Over 30 years, the policy will have a net loss of $28,500. The term policy will lapse at age 65 with no value. At 65, he has 20 more years to live, using today's projections. If the per…