Term vs. Whole Life Insurance: What's the Difference?
Term vs. Whole Life Insurance: What's the Difference?
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Whole Life Insurance: Constant Premiums Explained
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A whole life insurance policy for a healthy 30 year old costs $440 a month.A term life policy with the exact same $500,000 coverage costs $21 a month.That's a $419 difference every month.If you bought the term policy and invested that $419 difference into an S&P 500 index fund from age 30 to 65, you'd have over $1.6 million sitting in your account.And your family is still fully covered the entire time.Whole life insurance is a scam.
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