Whole life insurance differs from term life insurance in the sense that it is designed to be in effect for your “whole life.” But it really should be called Death Insurance because it’s designed to help replace an income or asset due to death. Life Insurance isn’t a bad investment but it’s the only one that offers a “contract” and tells you what it’s going to do over the course of its life. It isn’t a short term investment product, but rather an investment over time. Tune in to see how having a Whole Life Insurance policy can benefit you in more ways than you think.

Episode Highlights

• 00:39 Whole life insurance is not an investment, but serves a different purpose
• 02:14 Life insurance is a language of love
• 03:30 Establishing a foundation of certainty with whole life insurance
• 04:35 Comparing whole life insurance to term life insurance
• 07:48 How life insurance is a guaranteed contract
• 09:41 Life insurance companies are looking at the next quarter century
• 10:26 Using the infinite banking concept with life insurance Episode Resources
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