A Closer Look at Cash Value vs Term Life Insurance

“I’ve been running the numbers, and I’ll be better off buying term insurance and investing the difference.”
“Maybe, but the problem with that is that nobody actually does it. Cash value insurance is like a forced savings plan.”

This is the gist of conversations I’ve had with various financial professionals trying to sell me cash value life insurance. All of them seem to think that I will lack the discipline to keep investing over time and I should preemptively force myself to do it. I tend to disagree. Continue reading