WHAT'S THE BEST TYPE OF LIFE INSURANCE?
HTML-код
- Опубликовано: 26 сен 2024
- In this clip Rashad went over the different types of life insurance, he talked about term, universal life, whole life, and more. #lifeinsurance #termlifeinsurance #wholelifeinsurance
Link to EYL University: www.eylunivers...
I promise you, this is exactly how all life insurance agents should explain life insurance to their clients. The problem is that most agents are focused their specific products instead of focusing on their clients’ individual needs.
I agree with you 100%
you are speaking facts
So true!!
Definitely 💯💯
Yes in deed, but the policies that pays are the policies that stays. Always focus on doing right by the client.
As a licensed insurance agent, I will say that this is balanced and sound advice. RESPECT to Rashad for always doing an excellent job!
Making money is an action. Keeping money is behavior. Growing money is knowledge..
Nothing ever changes. Invest 50% into crypto. Keep an emergency fund. Stay out of debt. Exercise and eat well. Enjoy life every day. Life is an amazing gift.
I heard a lot of investing with Mrs Linda Robin and how good is she, please how safe are the profit?
I traded with her, The profit are secured and over a 100% return on investment directly sent to your wallet.
After watching so many RUclips tutorial videos about trading I was still making losses untill Mrs Linda Robin started managing my investment now, I make $6,800 weekly. God bless Mrs Linda. She been a blessing to my family.
Please how can I contact Mrs Linda Robin? I really like what she has done for you, and I also want to benefit from it.
My favorite Finance channels: Earn Your Leisure, Stock Brotha, & Wallstreet Trapper. Make my week complete!
Get in touch!!!⬆️ Thanks......♥️
I'm a licensed insurance and investment agent, and honestly this video is great for the most part. One thing though is that term insurance can have terms up to 35 years not just 20. And at LEAST with the company I work with, there are very affordable end-of-term options to continue that coverage if needed.
On top of that, while the concept of whole or universal life policies being used to accumulate wealth is a fantastic one, I've been in the industry 6 years and not once have I seen one of those policies be written or 'structured' to effectively accomplish that. At least not for anyone without an extremely high net worth.
Most times with whole life, the client spends the first 5 to 10 years putting money into the insurance company's pocket before having a single dollar to borrow from the policy, after which point, they have to pay interest to borrow whatever does become available. And when a death happens the family has to choose EITHER the death benefit OR the accumulated cash value.
And EVERY time with Universal, the cash value portion of a client's premium is being put into an ANNUALLY RENEWABLE TERM policy in which the cost of insurance eventually outgrows the premium payments being made by clients and ultimately cannibalizes the cash value leading to an inevitably lapsed policy.
Again, this all based on MY OWN interactions with clients and the policies and contracts I've held in my hand to read through. No concepts or theories or white board presentations. Simply reading the black and white on the page. If anyone can show me a universal or whole life policy that DOESN'T function this way, I'd love to see it because it is IN CONCEPT a fantastic idea.
Very well put. I’ve seen the same thing about whole life policies.
Yep. Yep.👏🏽👏🏽👏🏽 My husband and I have a 30 year term policy. We take the rest our money and invest outside of a policy. (401k, Roth IRA, stocks..ect)
We don't need "permanent" insurance because in 30 years we will be self insured. Our home is currently paid off, and our investments over 30 years will be well over 2-3 million dollars. Our children will be grown and independent so no need for life insurance. With their inheritance, I am sure they will have enough money to bury us and have some money left over. Lol. We are cool on that whole life insurance. Buy term and invest the rest. 😎
Great info, would love to learn about how to be self insured.
@@DJ-cr8qb I’d say speak to an investment licensed advisor who represents a finra registered broker dealer rather than a life insurance company.
@@ranaleshalle7402 Do your research a great mutual company can offer great possibilities. Ie. Chronic care rider tax free accumulation and disability rider. And then THE DEATH BENEFIT. I’m licensed in many states. I can prove you wrong
How to calculate your insurable need. Use the dime method
D = debt
I = income 10xs
M = mortgage (what’s left over)
E = Education
Add them up and that’s how much you need. After that is strategy to get you to your number and it will change as your income and assets increase.
Great advice!! As a life and retirement specialist, this was a great explanation of choices. There is no one size fits all. This message was clear and concise.
Dropping gems once again! Thank you guys for being you and helping to bless the listeners with this information!!
Thanks for this!! Finally someone who explained the different life insurance policies without their personal biases being involved
Very good information. I would suggest a blended approach for life insurance:
1. Term policy know as the LB (Life Benefit) - A term policy that offers benefits when you are still alive that is up to 90% of the face value of your policy for any Critical, Chronic, or Terminal illness. 26 year old Approx $35/month for $250K.
2. Perm. Ins. - IUL or VUL (Index or Variable Universal Life) Can be used to replace your 401K, IRA, etc. to get tax free retirement income.
Been considering getting a IUL policy
Free game
Be sure to get the right person for your IUL. It has to be structured right to get the most out of it. You want to “max fund” it and only fund it for a specific period. The goal is to get your cash value within 1-2% of the death benefit. That way you basically relieve the insurance company of risk which reduces the cost of insurance so you get maximum growth
@@Kstukess0 let me know if you need help with that.
@leroy, why replace your 401K though? Explain the difference or value add of having a 401K vs perm. Ins - I can still give my loved ones the amount I contribute every two weeks via beneficiary designation..
I am financial professional insurance agent, and I am more about educating and doing a financial needs analysis to determine your Insurable need. He did a great job at explaining it. I shop around for the best coverage for my clients and what will be best for them base on need and affordability
Get in touch!!!⬆️ Thanks....♥️
Any advice for finding an insurance agent that will really work with you and help you make a plan?
Term Insurance is offered in 10,15,20,25 ,30 year terms(Depends on the Carrier) I offer all of the time to individuals under age 50 A 30 year ROP ( Return of Premium ) this offers the policy owner all thier premiums returned , if they outlive the 30 year term or a paid up policy which is BOTH beneficial with the fact that insurance premium charge is based on age (you will be 30 years older) you develop health issues( you wont have to prequalify if you choose the paid up policy)
What company provides return premium on term?
Sold life insurance for bout 14 years up until the pandemic took hold. I sold many permanent & term policies. For permanent universal life makes the most sense, rather than whole life as universal is more dynamic & fluid, you can even use it to store money as a added retirement vehicle with tax advantages.
He broke down accurately, an life insurance agent can go into more detail & tailor a policy be it straight universal or a combo of universal & term according to needs & budget.
Get in touch!!!⬆️ Thanks....♥️
Good info, brother, that is not as commonly known amongst many of Our People. Thank you.. 💪🏿
@EarnYourLeisure. ST-FU bot
Great answer. Term can convert to whole life depending on the policy.
This is the first time I’ve heard about the 2.5% number going into a permanent policy. Thanks 👍🏾
Great freakin video. I’ve been trying to get this exact info for months trying to understand how life insurance works and how to get a loan against it. As I’m sure most people know most of the time all RUclips does is gives everyone the runaround unless you sign up for someone course and so on. Thank you.
He's the smartest one on the show just being honest. Much respect.
Young man is winning! I wish him the best
Another applause 👏🏾 ✊🏾. Keep teaching!
He bigged up whole life but left out the cons. He's right in that term because it's 10, 15, 20, 30 years, etc. Whole life definitely has its drawbacks such as investing in the cash value to only learn that once you die the insurance company keeps the money. They pay your death benefit but keep the cash. So if you have $50k in your cash account your beneficiaries don't get it. He also left off the fact that you can BORROW from your cash value but you will either pay it back while you're alive or they will take it from the death benefit once you pass before paying it out to the family. There isn't a one size fits all approach to life insurance. I've sold both and had both. So if you make a lot of money more than 100K a year whole life would probably make more sense because you can hide/put away cash into those cash policies for tax purposes. The average American won't be using it that way and simply paying more in premiums with less insurance and giving the agent monthly income for life!
Get in touch!!!⬆️ Thanks...♥️
100% agree!!! And still don’t see the value of of life insurance vs. my 401K which my employer does an above average 6% match on, which I have beneficiaries for in case I do pass away. It seems to me these life insurance companies are just trying to collect premiums - don’t get me wrong life insurance is not bad per se, but it definitely is NOT for everyone.
You make valid points! This is definitely a high-level look at life insurance in general not meant as a recommendation. He also prefaced working with an agent; that would help you understand the risks associated with each policy and how you want to use them!!
@@traderstatusquo the returns on Life Insurance FAR outperform the return on a 401K (depending on your age at the issue date) it's not even close.
@@tonythompson3536 wrong. outperform you say? Okay, so let's say in 30 years I decide to pull from "Life Insurance" - why do I have do borrow against this? I can tap into my 401K without borrowing. Further, if you're talking about the dividend returns, do you know why the IRS defines insurance dividends as NOT an investment? Because you are simply overpaying for premiums, which are paid back to you long term in the form of "dividends". Lastly, you're right it's NOT close, your 401K will 5-10x the total amount you put in, based on the % match, and growth of investment housed within your 401K, outside of this down year (-20-30% YTD) the S&P has grown over 500% over the last 30 years (which is where my 401K allocations are heavily weighted) - so please stop with these general comments.
Hey just wanted to address some things in this video because I love EYL what they represent in the community, what they are building and achieving. I also work within the life insurance industry and I wanted to shed light on the information you went over because my company helps to not only provide middle class families with financial game planning but educating people about the life insurance industry
1. Permanent Life insurance is not a great route to go, life insurance was never suppose to last your entire life, it’s insurance on your income should incase you die with permanent life insurance it cost a lot more and the coverage is lower more often then not especially compared to term. If it’s not enough to cover the income you were bringing into your home for the next 5-10yrs it’s not beneficial to your family.
2. Cash value. Just as he mentioned you can BORROW from this money that is being saved, but if your BORROW something that also means you have to pay it back, what they don’t emphasize is that they also charge you interest on the money you borrow. But if that’s YOUR money why would you have to borrow it in the first place? Anything that requires you to borrow from it is setting you up for failure
3.if you don’t pay that money back, they start taking it back themselves, first from the cash value, and then the death benefit. So if you owe money when you die it’s being subtracted from that cash value. Which is often times why families have to end up relying on gofundme’s
You can calculate how much you need by using the D.I.M.E. Method
D.ebt (total)
I.ncome(nxt 10yrs)
M.ortgage(if you own a home)
E.ducation(education expenses for kids)
If you can’t afford that exact number it’s good to atleast get half or close too
If anyone has questions understanding their life insurance policy and what they have, or needs assistance setting up a gameplan for themselves or family feel free to message me and I’ll help in the best way I can but I hope this information finds you all well
Get in touch directly!!⬆️ Thanks..❤️
Its not your money you're borrowing from. Its their money. They just take what you dont pay back from the death benefit.
And the cash value dies with you
A worksheet would be so helpful to determine insurance needs.
Forex trading is the best investment one can do right now though stocks are good but ever since I swapped to Forex trading , I've seen so much difference
I have been making a lot profit through forex trading which has been the main source of my income
Actually an expert broker handles my forex investments while I invest in some real estate with the profit I make
Seek professional guidelines from an expert before delving into forex, Mr Chaske academy is a pro trader that guides me
He's an expert when it comes to trading forex, he made over $12k with my $2k start up capital
He's available on G mail
I love you guys. Thanks you for giving us gems of success 🙏🏾
tomorrow first 2023 market Monday. I hope y’all talk more in depth about life insurance. The difference, Pros and Cons and how to borrow money from your life insurance
I want to come on EYL and tell everyone my story regarding insurance. It's 😍😍😍😍 amazing. My god.
What is it
Great show. Simple and straightforward.
Alan Banks sounds like a decent Moorish brother, much abundance to him! Hotep ase
Very CLEAN, CLEAR & PRECISE 💯💯
I don't see anyone talking about index universal life policies. Just like cell phones your insurance is always improving.
In regards to life insurance there are terms that extend beyond the 20 year max. (I am licensed in life insurance and investments)
Term insurance is treated badly because there is no refund at the end of the term. The life insurance co. is bearing the responsibility if the insured dies within the term of the policy. The premium paid is the price for that. Just like automobile companies don't refund premium once the 6 month or 1 year term ends if the insured motorist didn't have any accidents, it is the price to pay for protection.
Permanent life insurance historically have low rates of return and the Cost of Insurance (which increases yearly) is silently eating up the savings. Many in our communities have been sold these whole life, universal life, index universal life policies as a way great way to save. Absolutely not.
These policies are sold with the line, "you can borrow from the policy?" If you are borrowing money it is no longer your money. Why, because if the money borrowed is not paid back before the death of the insured, the amount borrowed will be deducted from the death proceeds. In helping my clients read through their polices like this, I have yet to view a permanent life insurance policy that functioned the way my clients thought the policy functioned. Life insurance is not complicated.
Good question
There are 4 different types of permanent policies
Whole life
Universal life
Variable universal life
Index universal life
I prefer index universal life when set up properly. Don’t lose money in the market
Get in touch!!!⬆️ Thanks....♥️
Get in touch!!!⬆️ Thanks....♥️
Get in touch!!!⬆️ Thanks....♥️
Fantastic call and answer. Happy New Year team, keep up the good work
Get in touch directly!!⬆️ Thanks..❤️
A job's Group Term Life is usually convertible to Whole Life, which makes those portable.
The information was very thorough. Thank you.
perfect explanation of insurance. Thanks for sharing
Insurance is the safest investment and a way to protect your assets ❤
Great job explaining the different types of insurances available. Run from Any agent that tells you that you should ONLY get a specific type of insurance like just buy term and invest the rest!!!
You must not have a securities license. LOLOL
How do we invest the rest in a term policy?
The brother calling in has 1 major benefit and 2 potential threats that he is facing. He does not have a mortgage and the mortgage costs he is avoiding through ownership should be put into a policy until the child is 26 years old.
Most likely this would be most cost efficient as a term insurance.
The greatest risks outside of death given his age are the likelihood of becoming uninsurable due to sickness or disease and his cash flow to keep the policy in effect the entire time.
As a result, he has an opportunity to start or add an entrepreneurial endeavor even if he is already an entrepreneur.
The policy cost then becomes tax deductible with the business revenue paying the monthly premiums first and foremost.
With the business paying for his policy, the traditional arguments for term versus whole life immediately disappear because he is not paying for the policy as AN INDIVIDUAL.
Most agents fail to factor whether an individual or business is paying for the policy.
Just like you, I am currently licensed and hands off with my multiple financial licenses. 👍🏾🍑🎯🏆💯
I hope one day you will be able to speak about an individual getting life insurance whom may have a existing medical condition, no one has talked about this important issue as of yet, maybe I missed it but it needs to discussed I have a illness and a getting a decent insurance whole life policy is a real challenge for most of if not all of us whom have sort of illness especially if you don’t make a great deal of money to cover the cost !!!please research this topic 🙏🏽 thank you!
Everyone is different so the best I think will vary from person to person
This was extremely helpful. Thank you.
I'm getting a life insurance policy ,so when I die my daughter is ok. I'm already leaving her a paid for house. I'm only 31 but I know life is short and anything can happen . I want a million dollar life insurance policy..or more. Thanks for the video.. you helped me understand better this better. I was confused.
I can help you with that. I can provide you with my contact info.
Buy Term and Invest the Difference is the way to go ‼️
Yes, for a whole life policy you can bother off the policy but you have to pay back what you borrow. I prefer a term policy and that’s the only way I go.
There's ways around to paying it back. Remember it's your money that you're borrowing
@@MikeBNumba6 What are the ways around paying it back? I'm curious.
@@Cason40 When you borrow, you don't have to pay it back. All that happens is that your interest will increase. Once the outstanding balance and interest exceeds your cash value your insurance plan will collapse.
Remember, at the end of the day, its your money that you're taking. It comes out the death benefit.
So you don't have to pay it back. Its not like you'll be arrested or faec jail time when you don't pay it back.
I agree there are ways around paying it back but who wants to keep getting a letter about what you borrowed off the policy I know I don’t and I only borrowed 500 dollars off a 25K dollar policy.
@Rae, I agree with your skepticism. Do NOT listen to MIKE, he prob sells life insurance or used to. IMO life insurance is a scam, why do I have to borrow on my own money at 4-6% interest??? Further, if it is not paid, not only does your interest accumulate but it is taken out of your death benefits, ie, you’ll likely get less than what you out in. I don’t see any more value than just doing your employer 401K and adding beneficiaries (my company does a great match too at 6%; so I’m adding like $600 every paycheck to my retirement plus any stock/bond growth over 30 years).
Thank you I needed this!
very late to this video However, I'd love to speak with him, I am a Life Insurance agent and he spoke on how he wanted to invest into the stock market. well our life insurance policies that we offer are indexed against the stock market, so your money grows with the stock market but is not invested into the stock market. what we classify as upward potential and downward protection, your money never being at risk.
You can always buy term and invest that difference into a mutual fund. No need to over pay in premiums for a cash value life insurance. Build the good habits of saving money by maxing out your term length, ie. 30-35, that way you can invest during that same time frame and possibly have more than what the life insurance face amount is at the end of your term so now there is no need for life insurance
Lol. Yeah most people aren’t disciplined enough to “invest the rest.”
@@devirickwatsonscreentalkme8084 very true!
Interesting... how do I buy my term insurance and invest in a mutual fund?
@@tcheyennerichardson59 compare rates at different insurance companies to see which offers the best price and value for you. Then you can invest at places like fidelity or Charles Schwab for the mutual funds. You can also open up a Public or Robinhood account and invest in ETFs that follow the S&P 500, eg. VOO, QQQ, VTI, etc.
Very needed! Thank you
Term is the best life insurance
Wow, excellent video content you're providing.
Get in touch directly!!⬆️ Thanks..❤️
Fine job of breaking down life insurance and it’s benefits. Only wish he would’ve touched on universal life more.
Always remember, there is no one size fits all approach to life insurance. There is no such thing as best type of policy. All types have value. What’s most important is best fit for the individual and his/her family needs.
Universal life (UL)policies are very good policies to utilize if funded correctly because of their permanent benefits, flexibility, and versatility. The key is “funding them correctly” If you have questions regarding UL please ask away. I currently carry a life license in the state of Illinois. Also, there are term based policies that offer permanent based living benefits as well. State Farm offers a Return of Premium 20 and 30 year term policy. Meaning you get premiums back at the end of the term. Dollar for dollar.
@Entrepreneurr18did you send me a message? Via email or elsewhere?
Love this channel. So many gems over the years
Top of the year, the first video is about "Life Insurance" lol
It is important to cover your family in life and in death.
What is the best recommended book(s)📚 to read in learning about the various types of life insurance and how to apply them that is advantageous per the individual?
Term life insurance is good when you’re young and just starting out. Buy the time 25-30 years have went by and your term expires, you should have your finances in order. Pension, 401k, and a variety of investments.
THE NUMBER ONE QUESTION YOU SHOULD ASK YOUR LIFE INSURANCE AGENT IS: "DO YOU HAVE A SECURITIES LICENSE?" OR "DO YOU HAVE AN INVESTMENT LICENSE?" IF THE ANSWER IS "NO." RUN AWAY. LOL BECAUSE ALL THEY CAN OFFER YOU ARE INSURANCE PRODUCTS SO WHAT THEY OFFER YOU ISN'T GOING TO BE BEST FOR YOU... THEY'RE JUST GOING TO OFFER YOU WHAT THEY'RE LEGALLY ALLOWED TO OFFER YOU.
EYL, why don’t we do group life insurance policies for ELY members? We could change the community almost immediately!
Thanks for the information.
Thank you ❤
Good Info !!
Preciate yall moe🃏
I have an index universal life insurance policy.
There's a type of Life insurance for every season of one's life and situation. Term, Whole and IUL's should be looked at wholisticly.
What is a good company to buy whole life insurance from?
And term. I try to research who have went through the claim process (particularly the good insurance companies) after someone’s death but it’s hard to find that information.
Guardian. They are one of the oldest and very reputable.
@@MikeBNumba6 Thank you.
Get in touch!!!⬆️ Thanks......♥️
Get in touch!!!⬆️ Thanks......♥️
Can you get a 1 million dollar policy if your next worth is less than that?
I still don’t see the value of of life insurance vs. my 401K which my employer does an above average 6% match on, which I have beneficiaries for in case I do pass away. It seems to me these life insurance companies are just trying to collect premiums - don’t get me wrong life insurance is not bad per se, but it definitely is NOT for everyone, and certainly NOT an investment vehicle. For those that want to protect their child’s through college, just get term life insurance (which has much lower premiums than whole life).
The reason one should consider replacing a 401k with an Indexed Universal Life (IUL) insurance product is that you can grow your money tax-free for life uninterrupted with ZERO downside risk if the stock market drops. Whereas you can NEVER guarantee that your 401k will not drop as the stock market drops. For example, the Dot Com crash cost investors 80% of their life savings. 2008 cost people at least 50%. Whereas an IUL policyholder didn’t loose anything and probably profited from it. The way to monetize these downturns in the economy is by having your cash earning money and also being able to use it as you see fit via a bank line of credit. For example, my Ameritas policy has 80k in cash value and 225k in death benefit. The bank lends me 95% loan to value at PRIME minus 30 basis points. However, I can refinance into a life insurance loan at 4.9% fixed. Where else can you find a HELOC or margin line of credit with a 95% loan to value, fixed simple interest rate, and no chance of being liquidated or foreclosed on since you can’t be under water on the loan. Also, companies like Pacific Life have multipliers that can give you 270% of whatever the S&P does over 5 years with no cap on the upside. So if you start with $10k and the stock market goes up 100% over 5 years you would receive $10k in principal and $27k in interest or $37k total. If the stock market tanks for 5 consecutive years (highly unlikely) then you receive just the $10k in principal and zero interest minus the 7.5% fee attached to the Enhanced Performance multiplier. It is essentially like a reverse mortgage home equity line of credit with WAY more upside. For instance, between March 2020-2021 one Pacific Life policy grew from $1.8 million to $3.1 million because the S&P was up 60% times the 2.7 multiplier equals 150% tax-free growth. This new money can never be lost and if it earns only 10% that is still hundreds of thousands in tax-free retirement income before ever turning age 60. This is another downside to qualified plans, many fees and early withdrawal penalties with no guarantees of upside and absolutely guaranteed to take the downside. The reason to not get life insurance is because at least 6 out of 7 agents I personally dealt with tried to take full advantage of me and I suspect this is the case most of the time. However, there are few good ones out there and if you would like me to refer you to them email me at ebarraza AT unbridledwealth DOT com
Thanks brother
ALSO REMEMBER WHAT YALL DONT SAY. INSURABILITY IS VERY IMPORTANT. SO GET A POLICY AS SOON AS POSSIBLE
Great value presentation. But seriously bro, no conversation about the brutal cons of whole life?
Fantastic
I was at insurance company last week and I told the agent, I'm close to getting annoyed by your team (cuz she was new not knowing everything) and her colleague's were saying what's best for me without listening to my questions and without actually explaining into details the benefits and give me the whole picture.
Get in touch!!!⬆️ Thanks....♥️
Sooo Good!!
I don’t see a lot of videos on Whole Life Insurance with a dividend. Could you possibly do a video with information on that.
Get in touch!!!⬆️ Thanks...♥️
Dividends from INVESTMENT PRODUCTS are awesome! It means your investment made money and that money is being shared with the investors.
Dividends from INSURANCE PRODUCTS are terrible! Dividends in insurance is defined as "repayment of an overpayment of premiums."
In other words... The life insurance company has been OVERCHARGING YOU ALL YEAR then at the end of the year they just give you back what you overpaid. So when a life insurance company says, "Look at us! We've paid dividends to our policyholders for 100 years straight! Woohooo!" That just means, "We've overcharged our clients for the last CENTURY!!!! Look at us!"
Stay woke.
@@martinson6957 u just need a great agent to structure a policy to your needs. Life Insurance has involved. If you need assistance contact me or leave me your information
So why Dave Ramsey say that's not how whole life insurance work? Like at all?? He states you can't borrow from it and the agents are actually keeping your extra money... hhhmmmm
Whole life you can pull out cash. Each your cash out amount goes up. I don't know why he is saying that the agent's are keeping the extra money it illegal
He said after the contract is closed, that liquidity funnels into the total payout.
@@PayneSouth what do you mean?
In a whole life policy... $0 cash value grows for the first 3 to 5 years! For the first 3 to 5 years all the money that SHOULD be going to your cash value goes RIGHT TO THE AGENT AND TO THE INSURANCE COMPANY. STAY WOKE.
Thats on standard policies. If you customize it you can see cash value available day one
As a licensed financial Representative i approve 🧾🖊️💲🛡️🏆💪🏿💯
How do we vote for you guys for the award?
Y’all didn’t put the info for the financial advisors in the description
I will love to talk with somone over the phone
What about indexed universal life insurance?
hey have yall ever talked about the B.O.Y plan on the show?
🔥🔥🔥
Get in touch directly!!⬆️ Thanks..❤️
Getting whole life insurance is just not smart. The difference between term and whole life is 5-10x more expensive. With the extra money you're spending on whole life, you can just invest that into an S&P 500 ETF. That way, you are investing the money yourself and eliminating the fees they charge for whole life.
@pinned... I can't believe you bots are still pulling these same whatapp scams in 2023
Agreed, it’s sad many people here in the comments have no idea what they are signing up for. Looks to me a lot of sheep just following the herd…
@@traderstatusquo Exactly. People are always looking for a route that they "think" is sophisticated, all while ignoring the simple math.
Who can I talk to about s&p 500 ETF
My Company has 35yr Level Term! There is no so-called "permanent insurance" can beat "Buy Term invest into mutual funds that have averaged 10% since 1925! The numbers don't lie! It's Mathematic!
Where's Janet?
What is the name of the insurance company?
Right
I don’t have any life insurance uninsurable
Bcuz I have Heart Failure
There’s a number of options that are still available to you 👍🏾reach out to me and we can discuss them 😉
@@thomascrossjr569 how to reach you bcuz I need that information as well
Best life insurance is the one behind bars 😂
Get in touch!!!⬆️ Thanks......♥️
Smart move caller!
Would whole life insurance also be considered Infinite Banking?
Whole life insurance is the product. HOW you use it can create the infinite banking concept. Whole life is a tool to be used several different ways.
@@Iamjoeycross I figured I just wanted to confirm. I’ve been looking into infinite banking and I know (with a smart business plan like real estate for example) can be a great step to building wealth and financial freedom
Thanks for commenting!
@@caridadramos exactly. Real estate is great move with whole life. You can “save” your money at a guaranteed rate while investing borrowed money to make an even higher return with the actual investment of a property. All while insuring yourself in case of death. Talk about using the same dollar more than once. This is the product of you want to build massive wealth while simultaneously flipping the money different ways. Why borrow from the bank when you can become the bank. When you get really creative with it. Let other people borrow money from you too. Put contracts in place to loan money at a higher rate then what the insurance company charges you and boom. Another stream of income aka hell other investors with your own hard money system.
@@Iamjoeycross thanks so much I honestly can talk about this all day. Financial literacy and wealth are my focus. Now I just need to figure out how to set it up. Like company or person because I know the paperwork and how it’s written is KEY
Hi @@Iamjoeycross! I’m learning about life insurance as well. If I may jump in and ask, are you familiar with how to build the cash value quickly? Thanks, and Happy New Year! 🎊
🔥
Get a life insurance that has a living benefit. Stay away from Term.
Term policies have living benefits nowadays. Stay woke.
Insurance and Savings vehicles should be separate. Get term insurance and invest what you can. Unless you have control of the policy a work group policy is not a good way to go the company has fine print and control over the policy. Like everything do your research and see what works best for you.
If you are looking for an agent leave a comment and I’ll be happy enough to assist you !
If anybody needs life insurance, I am also licensed
Whats your dad's or sister information?
Send me Rashad Dad information
If anyone needs insurance or has questions, I am a licensed agent. Feel free to hmu