Manage episode 229758894 series 2316213
Both Dave Ramsey and Suze Orman say you should only buy term insurance. They say that permanent insurance policies like whole life insurance are a bad investment. Because money you don’t spend on the wrong insurance policy is money you can save and use elsewhere!
So on this podcast I will explain the difference between term and whole life insurance and the 5 reasons Ramsey and Orman say term life insurance is best.
The Dave Ramsey Show where a fan asked Dave why he recommends term, and what’s the difference between term and whole life.https://youtu.be/c4lnaZJKGvU
39 year old man who recently bought a 1 million whole life policy, asks Suze what he should do instead.
If you are prudently planning for the future, that is paying down your debts and investing for the future, most Americans ages 20 to 50 won’t need coverage 20-30 years down the line.
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