The "difference" in the buy-term-and-invest-the-difference strategy is the difference in ______________ between term life insurance and whole life insurance.

Question

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The "difference" in the buy-term-and-invest-the-difference strategy is the difference in premiums between term life insurance and whole life insurance. Term life insurance premiums are generally much lower than whole life insurance premiums because term life insurance only provides coverage for a specified term, whereas whole life insurance provides coverage for the insured's entire life span and includes an investment component. By purchasing term life insurance and investing the difference in premiums, individuals can often achieve greater returns on their investments than they would through a whole life insurance policy.

The "Difference" in the Buy-Term-And-Invest-The-Difference Strategy Is the Difference in ______________