Throughout the years, there have been many companies as well as people who declared that the permanent life insurance is nothing but waste of money and they have been advocating buying term insurance and investing the difference. Nonetheless, this has always been one of the many plans to implicate, it has never been (or should have never been) the only plan to recommend.

I figured since a picture is worth a million words, rather than explaining this issue with a long article, I have gathered various short videos to put this subject to everybody's self-judgment.

I wanted to start with a video from one of the biggest proponents of buy term and invest the difference;



Having watched this video, one wonders what these people are saying to their clients after (just about) any investment deteriorated due to recent economic conditions? Yet one way or another, the cash value within most of the permanent insurance policies are still making 4 to 5 percent – yet along losing money...!

Following video is one of many (better) ways of showing the value of permanent life insurance (I said better because the best is yet to come):



In other words, buying term and investing the difference can not, may not, and should not be the only way! Everything depends on your own personal situation where one size never fits all when we are talking about risk management.

While we are on the subject of life insurance, we can not pass this issue without talking about the infamous Suze Orman, who merely “hates” whole life insurance (... she says it in her book!) as she is one of the biggest proponents of term insurance, and of course the biggest opponents of Whole Life Insurance.

This gentleman did his homework. I'd recommend watching this video 'til the end.



… ANY OTHER QUESTIONS??? I think not...