Why You Dont Want to Buy Term and Invest the Difference
A L Williams popularized the concept of \u201cBuy Term and Invest the Difference\u201d in the 1970\u2019s. When market returns are looking good this concept seems to make a come-back even though it\u2019s flawed with big assumptions.
They say you won\u2019t 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\u2019t bad, but don\u2019t throw away guarantees for speculative possibilities.
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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