Before You Buy Term and Invest The Difference

Most people fail to save and invest as much money as they need to achieve their financial goals. Today, we discussed a common faulty strategy many people fall prey to. While it makes sense on paper, this approach is rarely the best option.

In this episode, you will learn:

>> (2:23) The most important consideration when purchasing life insurance

>> (3:14) Understanding the different types of life insurance policies

>> (7:03) The potential for investment return (but there’s more risk, so it may not be appropriate for most people)

>> (10:46) The reality vs theory of “buy term and invest the difference”

>> (13:34) How it can impact and benefit your retirement

>> (15:54) The importance of planning for longevity when buying life insurance

When it comes to life insurance, you have many options, and it can feel overwhelming. Today, you will learn about the most common types of insurance and a common strategy that rarely turns out as planned. You will also learn how to avoid falling into an insurance trap that fools many people.

Links Referenced in the Show:

The Residual Income Guide:  https://themillionaireinsider.com/rig

Get your Free Financial Checkup: https://themillionaireinsider.com/fc

Show notes and more information: https://themillionaireinsider.com/104

This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.