Buy Term and Invest the Difference - What to think about when buying Life Insurance

Buy Term and Invest the Difference is an often heard phrase in the insurance business. Briefly, it basically means don't buy permanent life insurance, buy term and take the difference in cost and invest. It's always spoken by those who don't believe in permanent insurance. It's pretty short-sighted as there are numerous benefits to permanent insurance and many different situations where permanent insurance does make sense. So the real question becomes, is your situation one of those that requires permanent insurance? Is permanent insurance for you? Or said a different way. Which life insurance is best for your situation? Personally I think term insurance is the greatest product in the world.


500-234 Eglinton Avenue East, Toronto, M4P 1K5
47 Coral Crescent, Richmond Hill, L4E 4B6

©2018 by james hargan toronto. Proudly created with