When comparing the costs of term life insurance vs whole life insurance, we can't just compare the premium prices and call it a day.Because whole life insurance is an asset that builds equity, not all premiums are a true cost like they are with term insurance.In this episode, we break down the math and provide a real, apples-to-apples comparison of the true costs of term vs. whole life. Check it out!----EPISODE HIGHLIGHTS:00:20 Term vs. Whole Life Insurance01:11 The Math Behind Insurance Costs04:00 Term Insurance Risks06:29 Whole Life Insurance Builds Equity12:55 Real Client Example: Cost Analysis18:41 The Unseen Costs of Term Insurance

When comparing the costs of term life insurance vs whole life insurance, we can't just compare the premium prices and call it a day. Because whole life insurance is an asset that builds equity, not all premiums are a true cost like they are with term insurance. In this episode, we break down the math and provide a real, apples-to-apples comparison of the true costs of term vs. whole life. Check it out! ---- EPISODE HIGHLIGHTS: 00:20 Term vs. Whole Life Insurance 01:11 The Math Behind Insurance Costs 04:00 Term Insurance Risks 06:29 Whole Life Insurance Builds Equity 12:55 Real Client Example: Cost Analysis 18:41 The Unseen Costs of Term Insurance

111: The Real Costs of Term vs. Whole Life Insurance

The Infinite Banking Concept® (IBC) is privatized banking, using the cash value of a whole life insurance policy as the platform.

Your hosts, John Montoya and John Perrings, are authorized IBC practitioners with the Nelson Nash Institute, dedicated to educating consumers about Infinite Banking.

Listening to this podcast, you'll learn about life insurance, cash value, dividends, policy loans, policy design, and more. Most importantly, you'll learn how IBC puts you back in control of your money so you can keep it, grow it, and pass it on without taking any of the unnecessary risks that you otherwise get when you listen and follow the mainstream advice about personal finance.

The Strategic Whole Life podcast is our way to carry on Nelson's mission by explaining The Infinite Banking Concept® in simple terms so that you can make it real in your life!

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The Infinite Banking Concept® (IBC) is privatized banking, using the cash value of a whole life insurance policy as the platform. Your hosts, John Montoya and John Perrings, are authorized IBC practitioners with the Nelson Nash Institute, dedicated to educating consumers about Infinite Banking. Listening to this podcast, you'll learn about life insurance, cash value, dividends, policy loans, policy design, and more. Most importantly, you'll learn how IBC puts you back in control of your money so you can keep it, grow it, and pass it on without taking any of the unnecessary risks that you otherwise get when you listen and follow the mainstream advice about personal finance. The Strategic Whole Life podcast is our way to carry on Nelson's mission by explaining The Infinite Banking Concept® in simple terms so that you can make it real in your life!

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111: The Real Costs of Term vs. Whole Life Insurance

111: The Real Costs of Term vs. Whole Life Insurance

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