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 Classes01:39 Term Insurance vs. Whole Life Insurance04:18 Cost Analysis: Math vs. Financial Math06:30 Graphical Illustration of Costs10:50 Generational Impact of Term Insurance

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

113: What Term Insurance REALLY Costs You

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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113: What Term Insurance REALLY Costs You

113: What Term Insurance REALLY Costs You

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