Your Money: “Buy term and invest the difference”

Your Money

If you have children or other loved ones who depend on you financially, it’s likely that life insurance will be an important part of your financial plan.

You may have an idea about how much life insurance you’ll need, but for most, there may be less certainty about what type of insurance you should purchase: Term or Permanent.

The issue can cause even more confusion if you’ve heard the phrase: “Buy term and invest the difference.”

Charlie Holt from Edward Jones joined JET 24 Action News to explain what this phrase means and if it is good advice.

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