How Much Term Insurance Do I Need?
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- Опубликовано: 29 сен 2024
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As a 39 year old widow who’s 40 year husband just died a month ago. Pleassssse, get the highest amount of life insurance that your job lets you elect. Not just for funeral expenses, but there is so many other things you have to pay for and do when someone passes away. Im so thankful my husband got the highest amount when he selected a policy with his job. I was shocked and so incredibly grateful he chose the 250k policy!!!
if i was married to a woman ide get at least 250k. We have to because , it really sucks, but for some reason men just dont live as long in general.
I'm so sorry for your loss. 40 is so young. Prayers to you and all who knew him.
@@tonypeters3320 look into real estate investing Tony u can do it 👍
@@NuttedInYoMom I already invest in real estate 😆.
I couldn't believe you and your husband trusted this guy in finance. This guy is the worst finance person go to about it
I love how they crack jokes back and forth. "That sounds like that came from experience" 😂
In my head Dave said “I hardly seen the inside of a hospital unless I worked there” 😂
It should be spelled "too."
'it is to much insurance that I blame my lack of money'
Maybe? :D
@@mariosencario 😂
Here goes the spelling police again!
@@reese85 If he or his team can't spell, why would I listen to his financial advice?
@@delvedigital9411 there advice has nothing to do with how they spell!
He always gives straightforward pieces of advice by asking what your current situation or health condition is. Love the no-nonsense talk!
I still don't understand life insurance 😭
A toast: To much insurance!
Maybe hire a new guy to do the thumbnails. I can see education has failed him/her/zim/zer.
Look at all the comments they are getting. That is excellent social media skills!
Too*
*Too
Too*
You can thank Art Williams for the Term Insurance you can get today...prior to him, the insurance industry kept a stranglehold on the policy offerings by keeping term out of the equation!
Hence: Converting Term Insurance to a cash value policy was called conversion...
Converting a cash value policy to Term was called Twisting!
They MADE their money by selling you the over priced cash value policies!
Term Insurance Rules!👍🤠
Oof. I to worry about insurance prices.
Yikes, please correct the spelling and the thumbnail!
My husband was 60 when we went to Zander for term life. It is $414 per month
That is high for us
No Durr 60 is old and higher risk for insurance companies.
Why are you buying life insurance at 60?
@@ghjong001 When would you stop? I'm 60 now and debating whether to renew my policy as they want to increase it by 50%
@@jimhandler1129 you stop when you have no dependents. Your term policy should extend to the age where your children can be independent. 60 years olds don't need life insurance at all. Someone with a baby only needs a 20 year policy, for example.
why don’t you buy for twenty years and save up few million dollars by the time you are 45 then no need for insurance
Dave’s farming out thumbnails to lowest offshore bidder.
A young guy asks the question and gets an old guy and a middle aged guys response perfect.
They were using tables from the 1940's ?
Oh my. In the 1950's almost 50% of people smoked. Now it's just slightly north of 10%
*too
So a mutual fund can give you 10% a year? Even in this recession?
It's an average
Nopes
More than 10% since you commented this 😂
Not a good look when your RUclips title screen has a misspelling
It’s really not that serious
@@reese85 it’s really quite embarrassing
@@dannyk1980 y’all be focusing on the wrong thing! A spelling error is far from a big deal! I’m sure your not the greatest at it
@@reese85 *you’re
@@dannyk1980 man y’all crazy!
Life insurance coverage is so much more than just paying off debt. He is not considering this. If I am 25 and get a 20 year term and think because I have no debt and a million in the bank I am a fool. You should have terms that covers you until you retire.
Someone is still dependent on your income and we are talking about a lifetime of giving that is also lost. Wouldn’t you want your wife to let that million sit and grow until she is ready to retire?
Always go with the 30 year term if you can afford it and consider an additional later to make sure you have coverage until retirement.
Where do you get this advice from
You guys are two much. 😂
Grammar error in the thumbnail, should read too much not to much
High interest rates right now will help drive down rates too
Then dont go into debt lolz
When do I stop term life insurance? If I'm 60 & only my wife relies on my income with a 1.5M net worth, do I stop my $250K policy?
It's up to you. I would keep it.
Where is there a video that makes all of this makes sense??
I woy love to see these mutuals funds dave talks about that have been returning 10 percent
I can show you. Multiple funds in multiple fund families. Where do you invest?
How can l, Personally, Cash-ln, On, and Use my, Own, Life-lnsurance, Money, For myself, After l die, Please? I wanna live in Luxury and Party, Like there's no Tomorrow! :D
I agree with Dave on almost everything. As an insurance agent I find many people in their 60's and late 50's needing life insurance and no longer being insurable. People do not invest the difference between whole life and term.
I invest the difference and then some. I only have kept my ULI because I got it in my 20's when the premium was cheap. I tripled my coverage with a 20 year term policy to get me through to retirement.
They are insurable. You just don't know how.
Of course you sell whole life 😂
You don't have to be a grammar nerd to know the difference. The words "to" and "too" have two different meanings. Its just effective communication to spell correctly.
..Its all about talking good American.
Warning grammar police
@@alinatamashevich3354 The irony is that many of these grammar police make a mistake themselves. I think he meant "It's* just effective"
@@AfroteliCorrect! That is why I hire someone for that menial work
Hello what company y’all recommend for term life insurance? Thank you
Primerica
Zanders term life insurance its ramsey approved
But a 30 year policy for $500k its probably $30-40/month. Listen to a few horror stories a wives who lost there husbands young. Then after kids assuming your income is increasing get another policy like Dave said. But longer the better
*tew
We are in our 70s and dropped all our term because all my debt is long gone. Our income is from investments so the only thing that would happen is she would be better off because she won't have to feed me anymore.
that co-host is 23??!? Damn yall wyp aging fast LOL!
OMG... IT'S TOO, TOO, TOO!
✝️🙏
Too
what happens if your or his health fails you after the 20yr term expires. will he or you be able to get coverage?
You're supposed to buy term and invest the difference. Won't need life insurance as you get older.
Im so glad you are explaining this. I wasn't really taught much about this and was so lost.
Hey Dave I'm 44 yrs old I have a life insurance policy that is a iul and hearing what it is now I don't wanted it anymore? I had the policy for about 5 months now and after hearing what it dose I don't wanted it anymore. Is it better to go with a term life insurance or a whole life
Term
30+ yrs ago, my employer's benefit insurance had a 200k policy for $15 per mos. Done
Later being disabled from working, my policy continues premium free until 65yrs old.
Dave’s most popular video ever as people scramble to react to the bad thumbnail.
The older you get, the more expensive it will be. If things change, you can always add on.
Thanks for the recap. 🤣
@@JustinCase780 Jimmy thinks he is smarter than Dave
@@alinatamashevich3354 Yep. 🤣
Jimmy Numbnuts
@@JustinCase780 I have a standing offer of a Hundo, for him to call in and take Dave to task, to date ....crickets.
@@alinatamashevich3354 🤣🤣🤣
Wait a second. I may have missed it but I didn’t hear any information on how to choose the amount of life insurance. I heard them discussing the duration of the policy but not how to choose how much.
10 times your annual income.
Saves you on cigarettes for sure
how do I invest money in the mutual fund?
What about life insurance for kids?
Scam
Smart Investor Pro lol
Hi sir, for someone in their 60s good health no smoker would you recommend 20 year or 30 year policy?Thank you
20 year at most.
You don't need life insurance unless someone depends on your income.
Josiah should be talking with a qualified life insurance agent not this charlatan who goes by the name of Dave Ramsey.
Says the lying insurance agent.
@@astroman30 are you the lying insurance agent? I don’t believe Dave has an insurance license.
@@johnd7304 you don’t need a licensed plumber to know what’s inside the septic tank. You like this garbage for the commission and could care less that it scams people.
Both my parents passed without any life insurance. I’ve been fighting my whole life to make it this far. I have 100k job policy but now I’m looking at getting my own. 40yo with 2 adult children.
You can get an affordable 300k death benefit term policy.
@@astroman30 yeah I’m thinking 500-1M. But I keep forgetting to make the call smh
@@geebashiri3315 why do you need life insurance if nobody depends on your income?
@@d_all_in I still support my daughters, they are adults but young adults
*Two
What is 100% self insured
When you have enough money/investments that life insurance is no longer needed.
TOO
*Two
Just buy a whole life policy at age 25 and have coverage the rest of your life, if you don't need it to cover pre-mature death, then it is a great estate tool that you pass to your kids or favorite charity.
I agree with Tom Watson on this.
I’m surprised this grammatical error slipped past Dave’s social media team. This is a grave error and someone needs to not be fired, but demoted. Like what?