Dave Ramsey Said the Cheaper Version of Life Insurance Is the Better Option. Here's Why He's Right

When buying life insurance, the first key decision to make is whether to purchase a term or whole life policy. Term life policies can cost considerably less than whole life coverage, and finance expert Dave Ramsey said they are a much better life insurance option for most people. When it comes to buying life insurance, Ramsey is very clear that the lower-cost term life policy is almost always a better option.