When it comes to the returns earned on money held inside a whole life policy, People can typically do better investing in index funds or mutual funds or something else. It can be very tough to justify the lower rates of return unless you're a little bit older and don't want to deal with market volatility, Problem is as you get older insurance costs go up because mortality is closer to your door. Personally, I think there's a lot of similar benefits to doing things under different means, and people can end up further ahead. But in due honesty, this is something that can be debated for a whole day or 2, and there are points on both sides. It's a question of what a person feels as the best option. Unfortunately I think most people don't take this type of scenario seriously, They don't look at what it takes to fund the life policy properly, and they think it'll solve all their financial needs.
What is this board that you use ? It makes it so pleasant to follow! Better than any slide slow. Also, excellent diction !
Thank you! 🙂
It is a VIBE whiteboard.
Awesome presentation Steve!
Thank you! 🙂
When it comes to the returns earned on money held inside a whole life policy, People can typically do better investing in index funds or mutual funds or something else. It can be very tough to justify the lower rates of return unless you're a little bit older and don't want to deal with market volatility, Problem is as you get older insurance costs go up because mortality is closer to your door.
Personally, I think there's a lot of similar benefits to doing things under different means, and people can end up further ahead. But in due honesty, this is something that can be debated for a whole day or 2, and there are points on both sides. It's a question of what a person feels as the best option. Unfortunately I think most people don't take this type of scenario seriously, They don't look at what it takes to fund the life policy properly, and they think it'll solve all their financial needs.