This week begins our discussion of the topic of insurance. We will be focusing on three types of insurance, although there are many kinds of insurance that are used for a wide variety of purposes. Specifically, we will be discussing life insurance, health insurance, and property insurance. This week we will focus on life insurance. After reading chapter 8 of the text, I would like for you to address the following questions: 1. What is meant by "Buying Term and Investing the Rest"? 2. What is the major assumption (the major selling point) that individuals make when choosing to adopt the "Buying Term and Investing the Rest" strategy? 3. The alternative to "Buying Term and Investing the Rest" is buying a whole life insurance policy, what are some upsides (pros) and downsides (cons) of adopting either strategy.

This week begins our discussion of the topic of insurance. We will be focusing on three types of insurance, although there are many kinds of insurance that are used for a wide variety of purposes. Specifically, we will be discussing life insurance, health insurance, and property insurance. This week we will focus on life insurance. After reading chapter 8 of the text, I would like for you to address the following questions: 1. What is meant by "Buying Term and Investing the Rest"? 2. What is the major assumption (the major selling point) that individuals make when choosing to adopt the "Buying Term and Investing the Rest" strategy? 3. The alternative to "Buying Term and Investing the Rest" is buying a whole life insurance policy, what are some upsides (pros) and downsides (cons) of adopting either strategy