Mark Kohler compares term life insurance to self-insuring: instead of paying $8,000 yearly in premiums, invest that money yourself and keep the assets. You get upside potential if you're disciplined, but insurers may be right if you're not.
One of the theories out there that's very prominent is I'm going to buy term life insurance. We need some death benefit. Some people, some people do. Yeah. You can tell you're self-insured at a certain point. I need some death benefit if I died. My family needs income. It could be male or female, husband, wife, maybe a joint term, whatever. But instead of taking that other $8,000 and letting the life insurance do their thing, I'll take that $8,000 and I'll invest it and I'll buy the same damn thing they're buying. But I get the highs and I can pull it and go invest in something else. And I have that control. But then insurance companies go, maybe you shouldn't. Yes. Maybe you suck at that. That's not good for you. Yeah. It's so hard. But you want to go in with your eyes wide open.
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