Perm vs. term: Whole life-funded retirement plan comes out on top
Wade D. Pfau
Buy term and invest the difference!
That slogan, long the mantra of multi-level marketing giant Primerica and like-minded distributors of term insurance, is founded on a simple premise: that consumers should purchase only term life insurance to cover income replacement needs; and that savings used to fund a retirement nest egg should be ploughed into vehicles — stocks, mutual funds, ETFs and the like — that are more cost effective or better performing than permanent life insurance.
Hersch, Warren S., "Perm vs. term: Whole life-funded retirement plan comes out on top" (2015). In the News. 312.