Ask Jesse: What's the Deal with Whole Life Insurance?

A listener writes into the show to ask about whole life insurance and whether it's worth it for a young couple in their 30's. As always, it depends!  Whole life policies typically come with big fees, which of course insurance companies and salesmen like. Jesse points out that the policies can work for some people in high marginal tax brackets, however the tax savings must be carefully weighed against the earnings you could have made by simply investing in low-cost, diversified index funds and sidestepping the high fees of whole life policies.   Send Jesse an email at: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Om Podcasten

Money shouldn’t be this hard - and it isn’t! Join YNAB founder Jesse Mecham each week as he dives into spendfulness, a mindset that will help you stop second-guessing, spend more confidently, and live the life you want.