Debunking Financial Myths: Buy Term Insurance and Invest the Difference
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
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On today's episode, Darren and Christina are debunking a popular financial myth: buy term insurance and invest the difference somewhere like the stock market. Although there is certainly a time and a place for term insurance, this is NOT the way. Check out the episode to learn why that is and Darren and Christina's advice for what you should actually be doing instead. Tune in now!
Show notes:
00:00 - Introduction
1:50 - Buy term and invest the difference: what exactly does that mean?
11:05 - The need for term insurance
14:10 - The problem with expired term insurance in retirement
19:15 - Buying term and investing the difference is NOT a real plan
21:10 - When does term insurance make sense?
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