Myth: Buy term, invest the rest.
Reality: This is a common expression used by those in the media to convince people to buy a term insurance policy and put their other assets into investment vehicles tied to the stock market. This will allow them to protect themselves, while opening a door for monetary growth. However, many don’t take into consideration how risky the stock market can be. The money you place there is not guaranteed and is always at risk. If introduced to a permanent life insurance policy by a financial professional, you may find this to be the best fit for you, since it guarantees protection for your loved ones and will build a cash value throughout your lifetime.