Jonathan digs deep comparing whole life insurance and term insurance. Laura gets over $130 of clothes from Old Navy for 80 cents!
How Laura Broke Old Navy
According to Brad, this may be Laura’s best shopping experience of all time. She only paid 80 cents for goods that would normally cost $132.92! The girls and Laura have eight new activewear items to add to their wardrobe for the price tag of 80 cents! The score started with a standard Old Navy sale. It was offering 50% off the entire site. Plus, an extra 30% off for clearance items. Naturally, Laura shopped through the clearance section to fit some great deals. Laura also scored free shipping. She needed $50 worth of items in her cart, so she made sure to just hit that threshold. The big savings came from a $50 Old Navy rewards coupon. The coupon effectively eliminated the entire subtotal minus 80 cents. She earned the coupon by being a credit card holder at Old Navy. She uses the card for everyday purchases when she is not trying to score travel rewards sign up bonuses. Laura knew the rules of the Old Navy game and used them to score an amazing deal. What deals will you find next?Whole Life Insurance
While talking with a friend, Jonathan was prompted to dive into the entire world of whole life insurance. Although he knew that whole life insurance policies were generally a bad investment, he wanted to find out more about the numbers behind this reality.Buy term, invest the difference.It took a lot of digging around to come up with whole life insurance policy rates. With so many different nuances, whole life insurance options are overwhelmingly complex. The complexity itself is a red flag. If a financial product is in your best interest, then it is not complex.
Whole life insurance is never bought, it’s sold. It has to be sold becasue no one using common sense with all the information in front of them would voluntarily sign up to pay up to 10 times more for an insurance product.In his research, Jonathan uncovered two types of life insurance policies for kids through one company. Gerber offers these two policies:
- The Grow-Up Plan. This is their flagship program that offers standard whole life insurance for your kid.
- The Life College Plan. This is a whole life insurance policy for you that is marketed to help you save for college with less risk than stocks and more return than savings bonds. At the end of a 10 or 20 year period, your child will receive a payout out or if you die prematurely they will receive a death benefit.