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BetterWealth with Caleb Guilliams

Whole Life Insurance vs Buy Term & Invest | Which Retirement Strategy Wins?

Jul 18, 2024
This podcast discusses the benefits of using whole life insurance for retirement planning, showing how it can provide higher spendable income and protect against inflation. They compare whole life insurance to buying term insurance and investing separately, highlighting the importance of the death benefit in unlocking additional assets. The discussion stresses the advantages of leveraging life insurance for investment strategies and retirement planning, emphasizing the impact on cash values, income, and distribution strategies.
44:38

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Quick takeaways

  • Whole life insurance offers higher spendable income in retirement with smaller asset base.
  • Whole life insurance provides death benefit to unlock additional assets and protect against inflation.

Deep dives

The Significance of Whole Life Insurance in Investment Strategy

Using whole life insurance in investment strategy is explored, comparing it to buy term and invest the difference. Leveraging guaranteed death benefits and cash availability helps unlock significant funds, even up to 1.5 million. The episode emphasizes the importance of whole life insurance for those nearing or in retirement, countering the misconception that life insurance is a poor investment choice.

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highlights

Listen to the best highlights from the podcasts you love and dive into the full episode