Dave Ramsey calls whole life insurance agents ‘crooks’ pushing fear of economic collapse for 20x commissions
August 5, 2026 by Emma Caplan-Fisher
When Chris called The Ramsey Show to share that he’d been pitched whole life insurance as a hedge against an economic collapse, he wasn’t sure about it.
Financial advisors referred by his sister had recommended switching from term life to whole life insurance. Their pitch: If the stock market collapsed at retirement, the cash value of a whole life policy would serve as a separate savings account to draw from instead of touching retirement funds.
Originally Posted at YAHOO! Finance on Aug 4, 2026 by Emma Caplan-Fisher.
Categories: Industry Articles
