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Life insurance: Which would you pick?

Scenario: 30 year old purchasing a $250,000 policy. Would you buy: A) Whole life insurance that cost $3100/year. By age 65, he will have $60,000 in the cash value. B) 35 year term that cost $1500/year. If you invest the difference of $133.33/month with a rate of return of 12%, you can have $866,000. Or even at a conservative rate of 10%, you can $510,000. A or B? I wish my husband and I learned about term and investing the difference a long time ago.

Public Comments

1. um, I wish he had, too.
2. Is this a trick question? I think the obvious answer is B
3. I don't know....I'm stupid
4. The obvious answer is B, but please keep shopping. Twenty years ago I could buy a million dollar policy for less than 1500 and prices have come down. Please get three more quotes.