đź”’ Why Term Life Insurance Makes Sense
Term life insurance is the smart, straightforward choice. It’s affordable and designed to protect your loved ones during the years they need it most—whether you’re raising kids, paying off a mortgage, or building your nest egg. Term policies last for a set period, usually 20 to 30 years. If you or your spouse passes away during that time, your chosen beneficiaries receive a payout—no gimmicks, no surprises.
Now, about whole life insurance: while it covers you for your entire life, it comes with a hefty price tag. Much of what you pay goes into a low-return “savings” component that doesn’t financially benefit you. Insurance companies love selling whole life because it profits them, not you.
đź’ˇ The Better Plan
Follow the steps we teach—get out of debt, build a fully funded emergency fund, and invest 15% of your income—and you’ll eventually become self-insured. That means zero debt, a solid emergency fund, and investments that protect your family without paying an insurance company extra.
Skip the whole life hype. Get term life insurance for the years you actually need it, and invest the difference. That’s the way to build wealth and secure your family’s future.