Term vs. Permanent Life Insurance

Whole life costs far more than term. See what investing the difference could build instead.

Your numbers

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Side fund value

Buy term, invest the rest
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Buy-term-and-invest-the-difference compares the low cost of term insurance with permanent insurance by investing the premium difference. This shows what that side fund could grow to over your horizon. Permanent policies build their own cash value and last for life, so the right choice depends on how long you need coverage and your discipline to invest the difference. Illustrative, not advice.

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