The Truth About Dave Ramsey – My Response to Dave Ramsey’s Article “The Truth About Life Insurance,” Part 2
Last time, I started picking apart Dave Ramsey’s article called “The Truth About Life Insurance.” I covered Ramsey’s claim that “cash value life insurance is one of the worst financial products available.” And now I want to talk about his next comment, namely that is “sad” that 70% of life insurance policies sold are cash value life insurance, while the other 30% are term life insurance. Term life policies, in case you don’t know, are policies that provide coverage for a period of time – maybe five years, or 10 years, or just while you’re working for your employer – some period of time, but definitely not until you actually die. Cash value policies, on the other hand, provide coverage that goes until you die, whether that’s tomorrow or a thousand years from now
Originally posted here:
The Truth About Dave Ramsey – My Response to Dave Ramsey’s Article “The Truth About Life Insurance,” Part 2
Written by Admin on July 13, 2010 under Featured, Insurance Basics, Life Insurance, Uncategorized.
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