Is the idea of buying term life insurance and investing the difference a quaint notion? Or has the death of term been greatly exaggerated?
Earlier this year, widely followed CFP and researcher Wade Pfau wrote a piece in Forbes discussing his research on the superiority of purchasing whole life insurance versus buying a term policy and investing the rest. His findings, in a nutshell: “The old mantra of buy term and invest the difference doesn’t hold when also considering retirement income planning.”
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