{"id":3575,"date":"2022-12-13T17:21:10","date_gmt":"2022-12-13T17:21:10","guid":{"rendered":"https:\/\/wp-dev.zanderins.com\/?p=3575"},"modified":"2025-04-03T22:38:47","modified_gmt":"2025-04-03T22:38:47","slug":"should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy","status":"publish","type":"post","link":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/","title":{"rendered":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy?"},"content":{"rendered":"

\"\"<\/p>\n

Dave Ramsey and his team strongly advise against cash value life insurance, even if switching to a term policy doesn\u2019t seem to save money right away. The reality is that cash value policies are an expensive and inefficient way to get coverage, and they don\u2019t provide the same financial benefits as term life combined with smart investing.<\/p>\n

Instead of keeping a cash value policy, the Ramsey team recommends switching to a term life plan as soon as possible and using the money saved on premiums to pay off debt and build wealth. Many people hesitate to make the switch because they\u2019ve had their cash value plan for years, but the longer you keep it, the more money you leave on the table that could be working for you elsewhere.<\/p>\n

If you\u2019re unsure about the impact of switching, you can request an \u201cin-force ledger\u201d from your insurance company. This will show how your policy is performing and help you see whether your cash value plan is actually keeping up with rising costs. In most cases, the cash value policy will become more expensive and less beneficial over time.<\/p>\n

As you eliminate debt and grow your savings, your need for life insurance decreases. That\u2019s why Ramsey Solutions teaches that term life insurance is the best choice\u2014it provides affordable coverage while you work toward financial independence. Don\u2019t hold on to a cash value policy just because it seems easier. Get a term life quote<\/a> today and start putting your money to better use.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dave Ramsey and his team strongly advise against cash value life insurance, even if switching to a term policy doesn\u2019t seem to save money right away. The reality is that cash value policies are an expensive and inefficient way to get coverage, and they don\u2019t provide the same financial benefits as term life combined with […]<\/p>\n","protected":false},"author":5,"featured_media":3529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-term-life"],"better_featured_image":{"id":3529,"alt_text":"","caption":"","description":"","media_type":"image","media_details":{"width":740,"height":411,"file":"Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png","sizes":{"medium":{"file":"Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy-300x167.png","width":300,"height":167,"mime-type":"image\/png","filesize":111626,"source_url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy-300x167.png"},"thumbnail":{"file":"Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy-150x150.png","width":150,"height":150,"mime-type":"image\/png","filesize":54293,"source_url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy-150x150.png"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":3517,"source_url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png"},"acf":[],"yoast_head":"\nShould I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? | Zander Insurance<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? | Zander Insurance\" \/>\n<meta property=\"og:description\" content=\"Dave Ramsey and his team strongly advise against cash value life insurance, even if switching to a term policy doesn\u2019t seem to save money right away. The reality is that cash value policies are an expensive and inefficient way to get coverage, and they don\u2019t provide the same financial benefits as term life combined with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"Zander Insurance\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZanderInsurance\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-13T17:21:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-03T22:38:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aynsley Broom\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zanderinsurance\" \/>\n<meta name=\"twitter:site\" content=\"@zanderinsurance\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aynsley Broom\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/\",\"url\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/\",\"name\":\"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? | Zander Insurance\",\"isPartOf\":{\"@id\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png\",\"datePublished\":\"2022-12-13T17:21:10+00:00\",\"dateModified\":\"2025-04-03T22:38:47+00:00\",\"author\":{\"@id\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#\/schema\/person\/f1a5ff92c07c4bd38143ea9435115263\"},\"breadcrumb\":{\"@id\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#primaryimage\",\"url\":\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png\",\"contentUrl\":\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png\",\"width\":740,\"height\":411},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#website\",\"url\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/\",\"name\":\"Zander Insurance\",\"description\":\"Zander API\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#\/schema\/person\/f1a5ff92c07c4bd38143ea9435115263\",\"name\":\"Aynsley Broom\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5f8f1bb3f7f4e5edbb1d64903c1a67c6dce651f88489689d5c945cba363eeb1b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5f8f1bb3f7f4e5edbb1d64903c1a67c6dce651f88489689d5c945cba363eeb1b?s=96&d=mm&r=g\",\"caption\":\"Aynsley Broom\"},\"url\":\"https:\/\/wp-dev.zanderins.com\/author\/abroom\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? | Zander Insurance","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? | Zander Insurance","og_description":"Dave Ramsey and his team strongly advise against cash value life insurance, even if switching to a term policy doesn\u2019t seem to save money right away. The reality is that cash value policies are an expensive and inefficient way to get coverage, and they don\u2019t provide the same financial benefits as term life combined with […]","og_url":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/","og_site_name":"Zander Insurance","article_publisher":"https:\/\/www.facebook.com\/ZanderInsurance\/","article_published_time":"2022-12-13T17:21:10+00:00","article_modified_time":"2025-04-03T22:38:47+00:00","og_image":[{"width":740,"height":411,"url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png","type":"image\/png"}],"author":"Aynsley Broom","twitter_card":"summary_large_image","twitter_creator":"@zanderinsurance","twitter_site":"@zanderinsurance","twitter_misc":{"Written by":"Aynsley Broom","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/","url":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/","name":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? | Zander Insurance","isPartOf":{"@id":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#primaryimage"},"image":{"@id":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#primaryimage"},"thumbnailUrl":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png","datePublished":"2022-12-13T17:21:10+00:00","dateModified":"2025-04-03T22:38:47+00:00","author":{"@id":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#\/schema\/person\/f1a5ff92c07c4bd38143ea9435115263"},"breadcrumb":{"@id":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#primaryimage","url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png","contentUrl":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2024\/11\/27181637\/Should-I-Keep-My-Cash-Value-Plan-if-I-Wouldnt-Save-Money-by-Switching-to-a-Term-Policy.png","width":740,"height":411},{"@type":"BreadcrumbList","@id":"https:\/\/wp-dev.zanderins.com\/2022\/12\/13\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/"},{"@type":"ListItem","position":2,"name":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy?"}]},{"@type":"WebSite","@id":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#website","url":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/","name":"Zander Insurance","description":"Zander API","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#\/schema\/person\/f1a5ff92c07c4bd38143ea9435115263","name":"Aynsley Broom","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ec2-32-195-171-125.compute-1.amazonaws.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5f8f1bb3f7f4e5edbb1d64903c1a67c6dce651f88489689d5c945cba363eeb1b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5f8f1bb3f7f4e5edbb1d64903c1a67c6dce651f88489689d5c945cba363eeb1b?s=96&d=mm&r=g","caption":"Aynsley Broom"},"url":"https:\/\/wp-dev.zanderins.com\/author\/abroom\/"}]}},"post_categories":[{"term_id":8,"name":"Term Life","slug":"term-life","term_group":0,"term_taxonomy_id":8,"taxonomy":"category","description":"","parent":0,"count":62,"filter":"raw"}],"post_tags":[],"_yoast_wpseo_primary_product_cat":{"term_id":8,"name":"Term Life","slug":"term-life","term_group":0,"term_taxonomy_id":8,"taxonomy":"category","description":"","parent":0,"count":62,"filter":"raw"},"_yoast_wpseo_metadesc":"","_yoast_wpseo_title":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy?","global_social_fields":{"facebook_site":"https:\/\/www.facebook.com\/ZanderInsurance\/","instagram_url":"https:\/\/www.instagram.com\/zanderinsurance\/","linkedin_url":"https:\/\/www.linkedin.com\/company\/zander-insurance","myspace_url":"","og_default_image":"https:\/\/s3.amazonaws.com\/zander-marketing-stg\/wp-content\/uploads\/2019\/11\/26202231\/og-image-zander-insurance.jpg","og_default_image_id":1162,"og_frontpage_title":"","og_frontpage_desc":"","og_frontpage_image":"","og_frontpage_image_id":"","opengraph":true,"pinterest_url":"https:\/\/www.pinterest.com\/zanderinsurance\/","pinterestverify":"","twitter":true,"twitter_site":"zanderinsurance","twitter_card_type":"summary_large_image","youtube_url":"https:\/\/www.youtube.com\/user\/zanderinsurance","wikipedia_url":"","other_social_urls":[],"mastodon_url":"","fbadminapp":""},"_yoast_wpseo_focuskw":"","_yoast_wpseo_linkdex":"0","_yoast_wpseo_metakeywords":"","_yoast_wpseo_meta-robots-noindex":"0","_yoast_wpseo_meta-robots-nofollow":"0","_yoast_wpseo_meta-robots-adv":"","_yoast_wpseo_canonical":"","_yoast_wpseo_redirect":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_primary_category":"8","_links":{"self":[{"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/posts\/3575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/comments?post=3575"}],"version-history":[{"count":3,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/posts\/3575\/revisions"}],"predecessor-version":[{"id":3619,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/posts\/3575\/revisions\/3619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/media\/3529"}],"wp:attachment":[{"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/media?parent=3575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/categories?post=3575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp-dev.zanderins.com\/wp-json\/wp\/v2\/tags?post=3575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}