(Complete Show Notes Below)
In the 40th episode of the Financial Procast:
I know many of our regular listeners may be shocked to hear us make that statement. But it's the truth.
There are times that whole life insurance and all other types of cash value life insurance is not the right answer. We actually recorded this episode in response to an article that we saw published in the last couple weeks that was lamenting the fact that Dave Ramsey, Suze Orman and other financial entertainers are doing a disservice to Americans by leading them down the road to purchase ONLY term life insurance.
Actually, we think that in a great many cases, they're absolutely correct. And their certainly correct when speaking to a vast majority of their respective audiences.
Also, as promised in the episode here's the infographic Brandon was referring to. This comes from Penn Mutual, a company that we like and do business with on a regular basis. However, we use this graphic to point out the disconnect when marketing whole life insurance.
Click the picture to see the complete infographic
Here's a recap of the numbers:
Brantley is a practicing life insurance agent and has been for over 18 years. After years of trying to sell like his sales managers wanted him to, he discovered that people want to buy life insurance if you actually explain the benefits.