Is term insurance to blame for the fact that every generation essentially has to start from zero, financially?
In this episode, I break down the real financial math behind term insurance versus whole life insurance, revealing how a seemingly 'cheap' $1,100 annual term premium can actually cost a family over $43 million across three generations. I'll show you why comparing these two types of insurance requires understanding net compound costs, not just premium prices.
LINKS:
1. Learn more or get started with Currence cash flow technology
2. Get my free weekly newsletter with exclusive content on financial education
3. Free mini-course: Supercharge Financial Growth with Whole Life
4. Work with me: Schedule a consultation
- (00:00) - 113 The True Cost of Term Insurance
- (00:14) - Introduction to Asset Classes
- (01:10) - Renting vs. Owning
- (02:29) - Understanding Cash Value and Policy Equity
- (04:08) - Grade School Math vs. Financial Math
- (05:58) - Net Compound Cost of Term Insurance Premiums
- (11:08) - Generational Impact of Expiring Term Death Benefit
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