This is why term life is often
recommended over whole life insurance as it provides much more life insurance and at much a lower price which is what most families need, especially during their prime working years.
While the internal rate of return ultimately realized by the policy is somewhat unpredictable, a high performing variable universal life insurance policy can provide
benefits over both whole life insurance and variable universal life insurance, but with additional risks associated with the policy as well.
It also has a cash value accumulation feature, but thankfully, Universal life allows for a higher degree of flexibility — which is why we recommend
it over Whole Life Insurance.
There are several types of these policies available, so you should consider the facts about each type before you choose term life
over whole life insurance.
What is it about term life insurance that makes Howard (and Suze Orman and Dave Ramsey) favor
it over whole life insurance?
Not everyone likes whole life insurance, and there is one major advantage that term life has
over whole life insurance.
«What Is the Major Advantage of Term Life Insurance
Over Whole Life Insurance?»