Many financial planners have suggested that you

Question

Quizplus · Accepted Answer

Purchasing term insurance instead of cash value insurance and investing the difference is generally considered the best choice by many financial planners. Term insurance provides coverage for a specific period of time at a lower cost compared to cash value insurance. By investing the difference in cost, you can earn significant returns over time. Cash value insurance, on the other hand, is more expensive and typically has a lower rate of return. Universal and variable life insurance policies are both types of cash value insurance, and they may not be the best choice for everyone depending on their specific needs and financial goals.

Many Financial Planners Have Suggested That You