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Journal cover: Managerial Finance

Managerial Finance

ISSN: 0307-4358

Online from: 1975

Subject Area: Accounting and Finance

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A current look at the debate: whole life insurance versus buy term and invest the difference


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Title:A current look at the debate: whole life insurance versus buy term and invest the difference
Author(s):Robert J. Carney, (University of Wisconsin-La Cross, Department of Finance, La Crosse, Wisconsin, 54601, USA), Lise Graham, (University of Wisconsin-La Cross, Department of Finance, La Crosse, Wisconsin, 54601, USA)
Citation:Robert J. Carney, Lise Graham, (1998) "A current look at the debate: whole life insurance versus buy term and invest the difference", Managerial Finance, Vol. 24 Iss: 12, pp.25 - 44
Keywords:Accounting research, Financial investment, Insurance, Strategy, Taxation, USA
Article type:Research Paper
DOI:10.1108/03074359810765741 (Permanent URL)
Publisher:MCB UP Ltd
Abstract:Notes increasing US support for the BTID insurance strategy, i.e. buy low cost term life insurance and invest the difference between the cost of this and of whole life insurance. Points out some other investment possibilities and compares the terminal and interim wealth accumulation potential of five different insurance/saving combinations for both sexes at five ages, taking tax into account. Discusses ease of access to savings, taxation of death proceeds and restrictions on creditor rights to distribution for various types of insurance/savings and considers the implications. Draws some conclusions about the best investment performance but stresses that investment choice also depends on individual factors, e.g. tax bracket, risk, tolerance and investment knowledge.



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