Busting The Life Insurance Lies takes 38 myths around life insurance and breaks them wide open. ! Some of the lies and half-truths busted include:
- Whole life insurance is a bad investment.
- Only people with dependents need life insurance.
- Never buy life insurance for a child.
- “Buy term and invest the difference” works.
- The insurance company keeps your whole life cash value when you die.
- If you can’t pay your premiums, you’re in serious trouble.
- You can only count on the guaranteed column (not dividends).
- A whole life policy means you don’t need any other investments.
- When you repay a life insurance loan, you’re paying interest to yourself!
- Universal Life gives policyholders more flexibility and costs less.
Get the truth from veteran advisors Kim D. H. Butler and Jack Burns, with the help of a fictional family who debates the issues, along with their helpful advisors.