Term vs Whole Life

When my wife and I first married, we bought some whole life insurance, thinking it was a good way to save money at the same time we were insuring our lives against some unforeseen tragedy. But it did not take long to realize that we could save more money and get a better rate of return if we bought term life insurance and put the difference in the premiums in the credit union or a mutual fund. That is just what we did.




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