You have likely heard about the “buy term and invest the difference” concept. It can spark as much division here in the United States as politics 🙂 .
If you are reading this article, a life insurance agent or financial advisor has likely informed you about permanent life insurance, also known as cash value life insurance, such as a whole life policy.
On one side of the argument, many life insurance agents and financial professionals argue that you should purchase permanent life insurance policies, such as whole life. On the other side of the argument, many other professionals say you should buy term life insurance and invest the difference.