She suggests you "buy term and invest the difference." But are you willing to risk your savings on one-size-fits-all financial advice?
Yes, term life insurance is less expensive than cash-value life insurance. But only if you have time to calculate the exact price difference, set aside that money, add it to your existing investments, and shuffle your balance between stocks, bonds, and mutual funds to minimize risk. Who has time for all that?
Cash-value life insurance offers a stable alternative.
Here are the benefits:
- Tax-deferred growth for your policy's cash value
- Guaranteed gains for your cash value
- Protection against stock market downturns
- No IRS penalties when you withdraw money before age 59.5