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In this episode, we ask:
- What happens when people hear the words “life insurance”?
- How long does a death benefit last?
- What does Whole Life Insurance provide that Term Insurance does not?
- What is cash value?
- What about high commissions paid to an agent?
- Where did the slogan “Buy Term and Invest the Difference” originate?
- Who is A.L. Williams? How was he involved with proliferating Buy Term and Invest the Rest?
- What is the process for buying term?
- What is Dave Ramsey’s soapbox built upon?
- What do A.L. Williams and Dave Ramsey have to do with each other?
- Does the stock market do 12% each year? …Mr. Ramsey?
- What are the guarantees?
- What legal limitations do insurance companies have with illustrations?
- Can you compare the rate of growth on mutual funds and growth rate of life insurance?
- What is the rate of return on a death benefit?
- What about the tax consequences?
- What about the market risk?
- How is the loan feature on Whole Life Insurance different from a Term Insurance policy?
- What does it mean to “self insure”?
- Does self insuring make sense for you?
- What’s the difference in cost on Term Insurance based on age?
- What’s the increasing cost of term insurance?
- Which type of insurance is better for you?
- Are you really solving the same need with both insurance types?
- What happens if you drop the term insurance and try to buy it again later?
- Which type of policy has a “built in expiration date”?
- How often do Term Insurance policies actually pay out claims?
- What’s the difference between Annual Renewable Term, 10 year Term and 20 year Term?
- How are the premiums different in Whole Life Insurance vs. Term Insurance?
- In what vehicles did our grandparents save?
- Who actually follows the advice of Buy Term and Invest the Rest?
- What’s the risk of buying Term Insurance?
- Why do people buy Term?
- What is the idea of self insuring based upon?
- Which method will protect our families and be there when we need it?
- Is this myth officially busted?!
Amanda and Brandon Neely are small business and financial professionals. They founded and ran Overflow Coffee Bar, L3C from 2008 through 2018. Now, they share their experiential knowledge through podcasting and through developing personalized financial strategies for individuals and couples. Their goal is to help people build wealth – the sort of wealth that would make their Grandma proud. Subscribe to hear more at 
Debbie Wilder is a Bank on Yourself Authorized Advisor; prior to this she was a Systems Analyst for 20 years. Financially, she and her husband did everything they were told to do – 401(k)s, IRAs, 529’s for their kids, paid their mortgage down faster, and so on. And where did it get them? On the stock market rollercoaster, losing 40% of their assets in 1999, and even more in the early 2000’s. In 2005, Debbie learned about the Bank on Yourself method using specialized whole life insurance, and she never looked back. It stopped the slide of their retirement assets, it created predictability for their future, her husband stopped watching the daily tickertape, and most importantly, it saved their marriage. After opening 13 whole life insurance policies, she decided to help spread the word and become an Authorized Advisor. She always wondered why this was not taught in high school or college, so she’s passionate about educating others about it.
Teresa Kuhn, a respected financial educator, best-selling author, and strategist; is passionate about ensuring that her clients have the tools they need to survive a changing economy. 