Question
Expert
- 54
While reading around the net, i have increasingly come across many opinions that whole life is "a scam", since you can buy term for a smaller amount of money, which will cover you till age 65. At age 65 your house, car, etc will all be paid off, your children will be financially independant and you have your retirement savings to rely on, so the death benefit is "not necessary" unless you want to leave a large sum of money to your children.
Thoughts on this?
Thoughts on this?