Ep. 7: An Economist Compares Whole Life with "Buy Term & Invest the Difference"

Economist Dave Ramsey discusses the pros and cons of Whole Life insurance and 'Buy Term & Invest the Difference' strategy. Topics include rate of return, high fees, risk and reward trade-off of stock market and treasuries, accurate calculation rates, death benefit coverage, and the value of life insurance coverage. The comparison between whole life insurance and term insurance is also explored, highlighting expected value and rate of return, advantages and disadvantages, and the benefits of using whole life insurance policies to manage cash.