New life insurance study debunks ‘buy term, invest the difference’

New life insurance study debunks ‘buy term, invest the difference’

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Businessman touching INSURANCE sign on virsual screen

For decades, the rallying cry of the financial advice industry has been for clients to buy inexpensive term life insurance rather than more expensive whole life insurance and invest the premium savings on their own. The only problem is most clients never execute the second part of the equation, leaving many of them uninsured in later life and unprepared for retirement.

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(Source: Investment News)

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