113: What Term Insurance REALLY Costs You

When comparing term insurance costs to whole life insurance, you can't use grade school math and add up the premiums paid over time.With money, we must use financial math to account for the time variable. When we do that, the numbers tell a much different story than what the "buy term, invest the difference" people tell.The true cost of term insurance could be tens of millions or more!Join us today as we once again examine some numbers to reveal the truth about what term insurance really costs.----EPISODE HIGHLIGHTS:00:53 Understanding Asset Classes01:39 Term Insurance vs. Whole Life Insurance04:18 Cost Analysis: Math vs. Financial Math06:30 Graphical Illustration of Costs10:50 Generational Impact of Term Insurance----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline Course: IBC MASTERY----About Your Hosts:Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.----Connect with usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!----ONLINE COURSE:Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:IBC MASTERY