Dave Ramsey does not recommend purchasing life insurance on children, specifically Gerber Life and similar policies that pose as college savings plans or promise a child’s insurability into the future. Children’s life insurance is another method of selling whole life insurance to people who don’t need it. As a child’s premature death is extremely rare, […]
Term life insurance should not be used for final expenses or burial. Your term life insurance plan could expire before the death of the insured, making it not a viable method to plan for final expenses. When buying term life insurance, the goal is to be paying off debt and growing your savings, so that […]
Most Term Life plans are renewable to age 90 or older. But the cost of the policy goes up substantially each year once the guaranteed level premium period expires. However, the affordability and flexibility provided by the long-term rate guarantees (10,15,20,25 and 30 years) of term life plans and the financial achievements you can accomplish […]
The Least Expensive Way to Protect Your Family.
Term Life Insurance is the only insurance I recommend. It’s the least expensive way to get the coverage your family needs and allows you to lock in rates for 15, 20 or 30 years. I recommend that you carry 10-12 times your income. Zander’s online quoting system will help you find the most competitive options. It’s more affordable than you think!
- Dave Ramsey