In this video, we explore the age-old question: Term or Permanent Whole Life Insurance? Many individuals are faced with the decision of whether to purchase term life insurance and invest the difference, or to buy whole life insurance for long-term financial security. Both options have their advantages, but understanding the pros and cons of each can help you make the right choice for your financial future.

Tom and John McFie break down the differences between term and whole life insurance, discussing the benefits of permanent coverage, including lifelong protection and the opportunity to build cash value. They also explore why term insurance may seem like an affordable option but often falls short when it comes to long-term wealth-building.

Key Takeaways:

• The core differences between term life insurance and whole life insurance.
• Why whole life insurance can be a valuable long-term financial tool.
• The pros and cons of buying term and investing the difference.
• How permanent life insurance offers protection and cash value growth.

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