Suze Orman Life Insurance Policy Advice
If you have ever watched an episode of The Suze Orman Show or read one of Suze Orman’s books, you would know that Suze absolutely detests whole and universal life insurance policies. Suze believes that when whole or universal life insurance is looked at as a savings tool instead of just an insurance policy, the money that is contributed to a whole or universal life insurance policy could be earning a better rate of investment return elsewhere.
Suze Orman Life Insurance Policy Advice: Part Two
Suze Orman is a big supporter of term life insurance policies, and she firmly believes that those types of policies are the best ones to have. She insists that term life insurance policies are cheaper than whole and/or universal life insurance policies and that they just make sound financial sense. Suze has also mentioned that many companies or insurance agents try to sell whole life or universal life insurance policies to people just so they can earn more commission money.
What if You Already Have Whole or Universal Life Insurance Policies?
Suze Orman usually suggests that people who own whole or universal life insurance policies redeem the policies for their cash value and instead purchase good term life insurance policies.
How to Compare the Various Term Life Insurance Policies
Because there are many different insurance providers out there that offer term life insurance, you want to make sure that you’re going to get the best deal possible on any term policies that you want to purchase. By comparing the costs that different insurance companies charge, you can pick the best term policies at the best rates. It can be quite time consuming to compare term life insurance policies on your own. That’s why it’s best to have a company compare the prices and benefits of life insurance policies for you. A great place to compare many different companies that sell term life insurance is at www.chooseterm.com. Chooseterm.com can literally do the comparison pricing work for you, which will save you a lot of time. Chooseterm.com can help you compare term life insurance policies without pressuring you to purchase either whole life or universal life insurance.
Term life insurance policies can be quite inexpensive. Some term policies only run around $20 a month. When compared to whole or universal life insurance policies, term life insurance is very inexpensive. No one needs to spend hundreds of dollars a month on life insurance if they want to have basic term insurance.