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856-Friday Q&A: Career Change, Whole Life Insurance, Rentals, House Money

Radical Personal Finance

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Term Life Insurance vs Whole Life Insurance

When i use to sell insurances, i would explain to everybody hear's how a term life insurance policy works. I go through the illustration, had a presentation i would useyou, explain it all. Here's how it works. Then at the end, i would ask someone a which do you want to have? And without question, mean 95 % of the time, if not more, when someone has gone through a good insurance presentation, and good means factually corre but clearly identifying the benefits of the policy,. Everyone always wants whole life insurance. Nobody wants term life insurance. That will sound like heresy to the by term. But i would do it again and again and again.

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