Dave Ramsey thoughts on Term Life Insurance

Dave Ramsey

Have you ever heard of Dave Ramsey mentioning term life insurance?

Dave Ramsey is a firm believer in life insurance, he believes that having a good term and really whole life but term life insurance policy is a key component in your financial portfolio, it is an economical way to protect your family and of course, when we talking about a financial portfolio, it’s when you have spouses, but he feels it’s a key component to protecting your family as well.


It is the most economical way to provide a nest egg either to pay off your mortgage, to take care of that loss of income, to pay down bills.

Dave Ramsey’s a firm believer in that, and we encourage you to look him up in Google. He believes term life insurance is the best type for most people.

Dave Ramsey says: “Life insurance should be simple. That’s why we recommend only purchasing a term life insurance policy. It’s straightforward, inexpensive, and designed to do one thing over the long-term: support your loved ones if you die. And as an added bonus, the death benefits of a term life insurance policy are almost always tax-free. No one wants to talk about it, but we have to. You need life insurance. When you’re gone, those you love will be grieving. This is unavoidable. Leaving them penniless, however, is avoidable. Make sure they’ll be financially secure no matter what.”

He is also a firm believer in annuities.  Like we mentioned, whole life as well as mortgage protection are just other forms of term life insurance to choose from.

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If you are located in the Cottonwood, Sedona, Flagstaff or Prescott area and are looking for more information on affordable Life Insurance please don’t hesitate to contact us. Use the links below or call us directly at: (928) 323-0933.