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Life Insurance

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Robert J. Carney and Lise Graham, "A Current Look at the Debate: Whole Life Insurance Versus Buy Term and Invest the Difference," Managerial Finance, Vol 24 Number 12 1998, pp. 25-44. This paper quantitatively compares a routine of "Buy Term and Invest the Difference" with buying a whole life policy.  "In terms of terminal wealth at age 65, a 'buy term and invest the difference strategy' outperforms variable universal life insurance [a type of whole life policy] in almost every instance."

Jagadeesh Gokhale and Lawrence J. Kotlikoff, "The Adequacy of Life Insurance," TIAA-CREF Institute research dialogue, July 2002. This article describes a preferred means of determining life insurance need and compares it with several "conventional" approaches.

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