What Does Dave Ramsey Say About Whole Life Insurance? 
Dave Ramsey does n't believe that whole life insurance is ever necessary or a good idea . He believes that everyone should buy term , pay off all debts quickly , build up a huge net worth and become self insured so that you never need any life insurance . That is a great plan but it does n't pan out for a lot of people for the same reason that we are n't all in great shape and our perfect weight for our height . Everyone knows what to do to become rich but most just wo n't actually do it . Instead of buy term , invest the difference and become rich ... most people buy term , spend the difference , retire middle-classed or worse and have to buy more insurance later in life when it 's much more expensive . 