111: The Real Costs of Term vs. Whole Life Insurance

When comparing the costs of term life insurance vs whole life insurance, we can't just compare the premium prices and call it a day.
Because whole life insurance is an asset that builds equity, not all premiums are a true cost like they are with term insurance.
In this episode, we break down the math and provide a real, apples-to-apples comparison of the true costs of term vs. whole life. Check it out!
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EPISODE HIGHLIGHTS:
00:20 Term vs. Whole Life Insurance
01:11 The Math Behind Insurance Costs
04:00 Term Insurance Risks
06:29 Whole Life Insurance Builds Equity
12:55 Real Client Example: Cost Analysis
18:41 The Unseen Costs of Term Insurance
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family-even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
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Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
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ONLINE COURSE:
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Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
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