Sentences with phrase «spend on a permanent policy»

The idea is, you take the difference in what you would have spent on a permanent policy and invest it in a vehicle with higher returns.

Not exact matches

While this type of employer - based insurance can be a great supplement to your permanent life insurance policy, it is not typically sufficient to rely on, and can leave you spending more money in the end.

I would rather counsel a young reader with 30 - 40 years ahead to invest (the audience here) to spend a little bit on term insurance and get into the lifelong habit of investing than buy an expensive permanent policy.

The same money spent on term coverage will get you much more death benefit than a permanent life insurance policy.

For those who have shorter term coverage needs, and / or a limited amount of money to spend on life insurance premiums, a term life insurance policy could very well be the best alternative — especially one that has the option of being converted over into a permanent policy in the future, regardless of the insured's health condition.

All of that complication and longevity comes at a price, so you'll spend far more on a permanent policy to get the same amount of death benefit as you would on a term policy.

Rather than buying an expensive cash - value policy, Orman and Ramsey advise most people to buy term life and invest the extra money they would have spent on permanent life premiums.