The Greatest Life Insurance Scam Ever

Chatting with The Experts with Paula Okonneh · Jul 17, 2026 · 28m · transcript

Deidre Knighten, a Los Angeles–based licensed financial advisor, discusses "income protection," reframing life insurance as protecting household income for dependents. Knighten argues against whole life insurance and recommends buying term coverage for the years it's needed (e.g., until children are grown) and investing the savings, citing compound interest and higher potential returns. She challenges whole-life "cash value" claims, outlining five policy rules she says disadvantage consumers, including low returns, borrowing costs and delays, and cash value not passing to beneficiaries. She…