Personal Finance News Tuesday 4/24

Phil's Personal Finance Tip of the Day:

Zander Speaks: Term Life vs. Whole Life Insurance
Jeff Zander answers the most-asked questions about this necessity
From daveramsey.com on 19 Apr 2012

You've heard Dave say that term life insurance is the only way to go! But why is cash value insurance such a rip-off? Why do you even need life insurance? Jeff Zander answers these most popular questions from Dave Ramsey fans so that you can make the best decision for your family.

If there is at least one person in your life that financially depends on you (spouse, children, etc.), then you must have 8–10 times your annual income worth of term life insurance in place, regardless of which Baby Step you're on.

Contact Zander Insurance to get a term life insurance quote now.

To see the video from Dave Ramsey.com:
http://www.daveramsey.com/article/term-life-vs-whole-life-insurance/lifeandmoney_insurance/text2/

Quote of the Day from Dave Ramsey.com:
A hero is no braver than an ordinary man, but he is braver five minutes longer. — Ralph Waldo Emerson

Please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST. at Dave Ramsey.com.