{"id":3666,"date":"2025-03-19T17:41:57","date_gmt":"2025-03-19T17:41:57","guid":{"rendered":"https:\/\/wp-dev.zanderins.com\/?p=3666"},"modified":"2025-04-04T21:35:22","modified_gmt":"2025-04-04T21:35:22","slug":"should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy-2","status":"publish","type":"post","link":"https:\/\/wp-dev.zanderins.com\/2025\/03\/19\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy-2\/","title":{"rendered":"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3762\" src=\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213507\/15-7.png\" alt=\"\" width=\"1110\" height=\"411\" srcset=\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213507\/15-7.png 1110w, https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213507\/15-7-300x111.png 300w, https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213507\/15-7-1024x379.png 1024w, https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213507\/15-7-768x284.png 768w\" sizes=\"auto, (max-width: 1110px) 100vw, 1110px\" \/><\/p>\n<p>Dave Ramsey and his team strongly recommend term life insurance over cash value policies because term provides the coverage you need at a significantly lower cost\u2014freeing up money to pay off debt and build wealth.<\/p>\n<p>However, if switching to term doesn\u2019t result in meaningful savings, it may be due to factors like your age, health, or rate class. In that case, the key question is whether you still <em>need<\/em> the life insurance. If you do\u2014and you\u2019re unable to qualify for affordable term coverage\u2014then keeping your current cash value policy may be the best option for now.<\/p>\n<p>That said, it\u2019s important to remember that as you reduce debt and increase your savings, your <em>need<\/em> for life insurance naturally goes down. Even if you keep your cash value policy today, you may be able to decrease the coverage amount over time, reducing your premium and freeing up dollars for other financial goals. Eventually, the goal is to become self-insured and no longer need life insurance at all.<\/p>\n<p><a href=\"https:\/\/www.zanderins.com\/term-life-insurance\/instant-quotes\" target=\"_blank\" rel=\"noopener\">Compare quotes for free on our website.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dave Ramsey and his team strongly recommend term life insurance over cash value policies because term provides the coverage you need at a significantly lower cost\u2014freeing up money to pay off debt and build wealth. However, if switching to term doesn\u2019t result in meaningful savings, it may be due to factors like your age, health, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[19],"class_list":["post-3666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-term-life","tag-homepage-blog"],"better_featured_image":{"id":3763,"alt_text":"","caption":"","description":"","media_type":"image","media_details":{"width":740,"height":411,"file":"27-3.png","sizes":{"medium":{"file":"27-3-300x167.png","width":300,"height":167,"mime-type":"image\/png","filesize":80106,"source_url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213517\/27-3-300x167.png"},"thumbnail":{"file":"27-3-150x150.png","width":150,"height":150,"mime-type":"image\/png","filesize":36699,"source_url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213517\/27-3-150x150.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":3666,"source_url":"https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213517\/27-3.png"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should 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 recommend term life insurance over cash value policies because term provides the coverage you need at a significantly lower cost\u2014freeing up money to pay off debt and build wealth. However, if switching to term doesn\u2019t result in meaningful savings, it may be due to factors like your age, health, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wp-dev.zanderins.com\/2025\/03\/19\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy-2\/\" \/>\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=\"2025-03-19T17:41:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-04T21:35:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.zanderins.com\/wp-content\/uploads\/2025\/03\/04213517\/27-3.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\/2025\/03\/19\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy-2\/\",\"url\":\"https:\/\/wp-dev.zanderins.com\/2025\/03\/19\/should-i-keep-my-cash-value-plan-if-i-wouldnt-save-money-by-switching-to-a-term-policy-2\/\",\"name\":\"Should I Keep My Cash Value Plan if I Wouldn\u2019t Save Money by Switching to a Term Policy? 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