Why You Don't Want to Buy Term and Invest the Difference
Wealth Talks · Jesse McFie
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Show Notes
A L Williams popularized the concept of "Buy Term and Invest the Difference" in the 1970's. When market returns are looking good this concept seems to make a come-back even though it's flawed with big assumptions.
They say you won't need a death benefit when term insurance gets expensive. They say your investments will do better than whole life insurance. Maybe, and maybe not.
You want guarantees? Then you want to build a strong financial foundation with guarantees before you invest. Investing isn't bad, but don't throw away guarantees for speculative possibilities.
Resources:
Buy Term and Invest the Difference? - Video Example with ROR
How to Build a Secure Financial Foundation - Video with Ben McFie and a Donut Stack