Is Buying Term And Investing The Difference Better Than Cash Value Life Insurance? 
Buying term life insurance is the mantra of A.L. Williams . It has been repeated by Primamerica to Dave Ramsey , an old A.L. Williams guy . I believe that everyone 's situation is unique and you should purchase the life insurance product that makes the most sense for you and your loved ones . I will answer your question with a US government statistic . Over 50 % of the US work force has less than $ 2,000 in a retirement account and 67 % have less than $ 50,000 saved in a retirement account . If this theory worked , these numbers would not be so high . Reality is the difference between buying whole life or universal life versus term life insurance is typically $ 50 per month . How many people actually invest the $ 50 per month into a retirement account ? According to Uncle Sam , not many . If you have that discipline to invest the difference then that may be the correct strategy for you . If you lack that discipline , then cash value life insurance is probably your best strategy . There is no such thing as one size fits all . Beware of entertainers giving advise to the masses . Find a trusted advisor that will sit down and map out the best strategy for your unique situation . 