Ken Coleman

Well, Al, I'm going to let Jade walk you through this, but let's be very, very clear.

Whole life is actually not insurance.

Okay, it's not, no, no, no.

I want Jade to explain it, but you've really got to understand because you call it what we teach.

You need term life insurance.

At 10 times your income, that is what's going to protect your family.

That's what's going to take care of your wife and kiddo if something happens to you.

So I don't know if somebody's selling you on this, but it's not insurance.

It's a horrible financial product.

That's our position.

You want term life, Zander Insurance.

You want to call them up and have them walk you through how unbelievably affordable, by the way, term life is.

But I'll let Jade take the thing on the why here.

But we have never, ever, ever, nor will we ever recommend Whole Life.

In fact, if you want to get Dave Ramsey really hacked off, you call and you ask him about Whole Life.

You know, it's a bad, bad product.

Yeah, I mean, Jade's right.

And the real argument is the stock market's averaged 12, 11, 12% over the lifetime of the stock market versus 4.5% at most on whole life.

Welcome back to The Ramsey Show in the Fairwinds Credit Union studio.

I'm Ken Coleman.