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113: What Term Insurance REALLY Costs You
When comparing term insurance costs to whole life insurance, you can't use grade school math and add up the premiums paid over time.
With money, we must use financial math to account for the time variable. When we do that, the numbers tell a much different story than what the "buy term, invest the difference" people tell.
The true cost of term insurance could be tens of millions or more!
Join us today as we once again examine some numbers to reveal the truth about what term insurance really costs.
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EPISODE HIGHLIGHTS:
00:53 Understanding Asset Classes
01:39 Term Insurance vs. Whole Life Insurance
04:18 Cost Analysis: Math vs. Financial Math
06:30 Graphical Illustration of Costs
10:50 Generational Impact of Term Insurance
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By John Montoya, John D. Perrings
4.7
6262 ratings
When comparing term insurance costs to whole life insurance, you can't use grade school math and add up the premiums paid over time.
With money, we must use financial math to account for the time variable. When we do that, the numbers tell a much different story than what the "buy term, invest the difference" people tell.
The true cost of term insurance could be tens of millions or more!
Join us today as we once again examine some numbers to reveal the truth about what term insurance really costs.
----
EPISODE HIGHLIGHTS:
00:53 Understanding Asset Classes
01:39 Term Insurance vs. Whole Life Insurance
04:18 Cost Analysis: Math vs. Financial Math
06:30 Graphical Illustration of Costs
10:50 Generational Impact of Term Insurance