An Interesting comparison of Financial Advisors and their views. We tend to only hear one side of things, as some of our most prominent ‘advisors’ (Prominent being defined as: on TV the most) tend to be pretty closed minded. Let me first state that I am definitely not against Term Insurance. I personally own AND recommend Term Insurance to many of my clients. It has it’s place. My view on Permanent Insurance is much the same, I own and recommend it, and know that it definitely has it’s place.
Here is a Video from Dave Ramsey on Permanent Life Insurance.
CNBC Financial- Joe Heider/ Adam Sherman
Most Importantly- Comment back with your view. As everyone knows, it’s not what is said by the advisors, it’s what is heard by the people.
I’ll be following up this post with part two soon. I’ll go into a little more detail on who is benefiting from the term and mutual fund duo, as well as who buys Whole Life Insurance by the boat load. You’ll be surprised to see who, especially as you may have borrowed from them, written checks from them, or go to them to access your savings account.