Frequently Asked Questions
Should I buy term and invest the difference?
In theory it sounds good, but usually people buy term and spend the difference! Thinking that you do not need life insurance later in life is totally fallacious. Not having life insurance under your financial house at any point in your lifetime is absurd, however the most important time to have life insurance is late in life when most people die. If most people were dieing when they were younger, term life insurance would be extremely high in cost. Unlike fire insurance, accident insurance, and other forms of insurance, death is not an event that might happen. It is absolutely 100% guaranteed to occur. Nobody gets off this earth alive! Life insurance should always be a part of your financial foundation in every phase of your working and retirement years. Excluding life insurance from your financial foundation at any point in time is like leaving the steel rebar out of your concrete foundation.
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