BankNotes – August 2019

Back in the September 2012 issue of the Lara-Murphy Report, I tackled an older blog post by financial guru Dave Ramsey where he strongly attacked the idea of using permanent life insurance as a savings vehicle.1 Predictably, Ramsey urged his readers to “buy term and invest the difference,” and sought to show how much wiser that course of action would be. If you trusted that Ramsey was indeed doing an apples-to-apples comparison, it sure looked like only an idiot would buy a permanent life insurance policy.