If you follow his plan by the time you get to renewing age on a term policy ( assuming your in your 30's) you shouldn't need insurance anymore.
How is that?
If you follow his baby steps by the time you reach the end of a term policy you should have ample savings and retirement to not need the insurance. Once you have no more debt and you have a pile of cash insurance is a waste of money every month. If I'm 62 (thats when my term policy will end) and I'm debt free including my mortgage and I have my retirement plus $150000 in the bank then I will not need insurance.
