Suze Orman on Cash Value Life Insurance vs. Term Life Insurance.flv

[myteamusa]

also, harric.. you obviously no NOTHING about dollar cost averaging. chozinwunn named you correctly.

[ChozinWunn]

You certainly can he 7-8%

[ChozinWunn]

Harric, your stupid. Universal life is cash value dumbass!

[harric4755]

What a joke, this is really sad. The video talks about "cash value life insurance". Or "whole life," yet the caller describes Universal Life insurance. These products are just as different from each other as Term insurance is from true whole life. Orman obviously does not know the difference and the flaws in her "advice" have been proven in the down market. No one received 7 or 8%, instead most lost 20%! Those who followed her got crushed.

Had those same people actually bought true cash value,

[owenbuca]

WHOLE LIFE SUX

[zetlabee]

I forgot to mention life insurance is based on health occupation and criminal checks before you can get insurance to avoid most of those hazardous things look into a final expense company like Lincoln heritage they will work with people in these condition who aren't doing so well in these areas

[zetlabee]

Would you rather come up with 50-80 a month or $10,000 which is the average funeral cost. Im sure most will say the 50 - 80 that because most people dont have $10,000 layng around like Suze Oprah financial adviser come get real people none of us are oprah rich nor suze rich so a life insurance policy is very much needed in america thank you all for reading and you guys can comment respond or email me on youtube and I'll be sure to answer back

[zetlabee]

term insurance you have to have great health and be a really good citizen and a approved occupation because insurance companies check those things in order to calculate risk and if you are a high risk they will deny you or your rate will be very expensive but lets say you cleared up your debt have some in the bank but not enough to cover your funeral you need a whole life or final expense plan which will give you the cushion of money you need to take care of your funeral

[zetlabee]

Now if your young suze is right look into a Term life insurance product they will give u a whole lot of money for a little premium a month for a specific period of time but you only want enough money to cover debt and funeral cost just in case you die prematurely before you had the time to clean up your debt now this is only in the perfect world

[zetlabee]

Now the two products I'll talk about are NOT INVESTMENT tools they are a way to secure a specific need. First thing a lot of people dont have enough money set aside for retirement not alone medical cost that might occur or some other unexpected tragic event that may occur in there life let alone a funeral which can range anywhere between 4,000 to 20,000

[zetlabee]

The next thing i want to touch is IRA 401K and stuff in that sort well they are taxable vehicles and tied to the stock market so f the stock market crash you lose a lot of money hence the reason so many people lost there life saving when the market crashed so again not a good investment tool or anything to really depend on

[zetlabee]

Hello to all who will read this. I'm am a Life insurance agent in the state of Pennsylvania there are a few points I want to hit. I'm going to start with Universal life and variable life insurance products. Those two are the worst kinds of insurances to purchase if you have one cancel it and email me. They are tied to the stock market which as we can see isn't the best investment tool because you can die and have no money whatsoever in your policy to cover and expenses that you may have

[owenbuca]

IUL is a scam.

[Eugene012]

I dont agree with her on the Term Insurance. She needs to research about the IUL.

[owenbuca]

@Eugene012 iul is fraud

[Eugene012]

@owenbuca Did you ever owe one?? If not, then stfu. You can retire poor. Good luck! =)

[owenbuca]

@Eugene012 you ignorant stuck up bitch. who the hell do you think you are ? You don't have a fucking clue how insurance and the " real world " works.

[Eugene012]

@owenbuca Cut the BULL SHIT!! Cut the chase! Answer the goddam question. I take that as a NO! I rest my case here bitchass!!

[owenbuca]

@Eugene012 you fucking half whitted nerf hearder, You don't invest in life insurance. Only A complete Retard would do so.

[Eugene012]

@owenbuca You fucken bitch-ass dumb piece of shit!!! You shouldn't exist at all. That's why millions of American can't retire because they rely of the government to take care of them and those account such as 401k, mutual funds, CD, or whatever, those are the fraud bitch-ass. In this case, don't rely on such products that runs base on the stock market. Nothing is guarantee but it is better to play on the safe side than to risk it. You FUCK HEAD!

[owenbuca]

@Eugene012 why don't you do what you are good at, lay on your back ( like a starfish) and get fucked all day for your rent check. With a mouth like that i bet you suck a shitty dick. What ghetto did you come from? You uneducated slut.

[Eugene012]

@owenbuca If you don't have the IUL, you can DIE poor! The End. Life continues with me.....

[owenbuca]

@Eugene012 oh eugene, you really should get educated.

[Eugene012]

@owenbuca Oh owenbuca, go study about the minds of the rich people. Stop wasting your time commenting here on youtube. I thought you were smarter than that. I guess not. You're just one of those IDIOTS out there. LMAO

[owenbuca]

@Eugene012 The " rich people " are telling you that IUL's suck balls.

[owenbuca]

@Eugene012 Hey, did your daddy treat you nice the first time? It is clear by your spelling you are some ghetto whore.

[Eugene012]

@owenbuca I don't think you don't understand about financial huh? Your mind is TOO FUCKEN OLD! The Government is a FRAUD!! PERIOD!! FUCKEN BITCH ASS!! They eating everyone's money all the fucken time and no shit! That's the real thing there. So don't fucken tell me that I don't know. FUCK FACE! You said don't invest in life insurance than there's not need to have life insurance! Isn't life more valuable than anything? no shit!! FUCK U AND U CAN FUCK YOUR INVESTMENT!

[Eugene012]

@owenbuca You can go to HELL by the way. I'm sure God doesn't want take your spirit nor either does Satan wants you because you don't have LIFE INSURANCE! HAHAHAHAHAHAAAA! SO STFU! And cut the BULL SHIT BITCH!!! F

[owenbuca]

@Eugene012 how many dicks can you get in that big ass at the same time?

[mcruz416]

it is sad to hear the advise this woman gives out. who said she is the right Finacial Adviser. is like she said Term is what she likes, that doesnt mean is the right one for everybody. sure take a 15y or 20yr Term then you die a week later agter the term, is Suze paying your Funeral Expenses???? sorry for the ones that listen to her. she is very wrong!!

[Paulywantstokill]

Whole Life and univeral life policies are legalized fraud. Anyone who says differently either doesn't understand or sells it! What Suze talks about is right out of the policies themselves. 

[a1prime1]

Whole Life where: they keep your saving for the first 2-5 years or longer. Where, when money does accumulate it’s at 1-4% at best (negative savings when you factor in the 2-5+ years they keep your money.) Where, if you want to access your own money, you have to take out a policy loan at 6-8% interest. Where if you die, they keep your “savings” and deduct any outstanding loans from the death benefit. Source - the actual policies themselves

[realheart888]

she is so wrong

[kwatlington1]

whole life insurance of any kind is a rip off. You are paying for 2 products but you just get one. Either the face amount or the cash out value. If you need the money that is supposed to be accumulating in the cash value, you have to BORROW it, then pay it back at a higher interest than it is growing. And if you don't repay the loan of your OWN money, it comes out of you death claim with interest. what go is that. I love Suze.

[chino9377]

I swear this bitch is fucking stupid....

[OrangeandWhite1000]

I don't know who is worse, DR or Suze Orman? 8% interest? that hasn't been possible in 15 years? If there is no guarantee it's not WL. The guaranteed option is based off the company never paying dividends again. The company I have my WL with has paid div 150 yrs in a row! Why does even she keep forgetting to explain the death benefit? Save up that $ and then you spend it all in retirement & have no death benefit when you die? How do people listen to this woman?

[owenbuca]

@OrangeandWhite1000 hahahahahahahhaha omg hahahaahahah, another poor bastard gets terrible advice from an trash value salesman. Hey why not look at proper investment returns, my god you sound like a brainwashed idiot. Have a look at you chit policy and tell me how many years till you get a savings ? do you know what this is **** ? get used to seeing them instead of $ lol.

[chino9377]

@owenbuca

Thank youuu!

Someone who understands!



[Eugene012]

@OrangeandWhite1000 Hey, she is not a an expert in life insurance. She claims to be a financial expert but her expertise is not base on life insurance. I wonder if she has her life producer license??

[josuedavid09]

She's a nimwit.

This is obviously a variable universal life insurance policy. If there is "no guarantee", it can't be whole life.

Further, she's assuming an 8% return calling it simple but why doesn't she calculate based on actual market performance?

At the end of August 26, 1999 the Dow closed at $11,198.45. At the close of August 26, 2011 - 12 years later - the Dow is at $11, 284.54, a whopping 1.07% increase.

At least your whole life cash value is guaranteed not to drop.

[tagrwins]

She tells it straight up!

[josuedavid09]

@tagrwins Suze doesn't even understand insurance enough to notice that the guy named the wrong insurance policy.

[garmaniy]

How can she offer this advice when she hasn't gone through a complete financial plan with each caller????? Sounds like she has a mission to bash life insurance and sales people in general. What about the many families who have been saved from life insurance? There are situations where whole life insurance is necessary. Term is NOT always the solution. If you feel like you need a second or third advice, seek it! But, I would never suggest asking this lady.

[bluelite7x]

@garmaniy

There is NEVER a situation where cash value is necessary

[jhocami27]

Just to make it a little simple: Term Insurance only cost about $.3-4 per $1000 vs Cash Value 0f $11 per $1000....... why is it more expensive? Exactly!!!!! that's the BIG profit that Cash Value Insurance doesnt want you to know and some other things that will really make you mad.

Yes Suzie is Life Licensed in almost states beside Hawaii.....

[prcaballo]

Something tells me she is not licensed for Life insurance. Actually, she's probably not licensed for anything.  I love how she used the whole amount he is paying in calculating his investment instead of the difference between the two. After all, Suzie, he won't invest the whole thing if he's spending half of it to buy the term you suggested!!! Hello...

[claudemassiah]

this woman suzan orman is incouraging americans to be broke.. the best form of insurance is whole life .. as an advisor whole life has more tax advantages than the united states gov't. with term her idea is to have americans invest the " difference" . fact is less than 1% of term policies pay out. the only people that get rich are the suzi ormans of the world who lie to the american public and incourage them to buy only term and invest the diffrence into a product that they peddle.

[cthun2970]

Lastly, I know if an "investment vehicle" like WL or VUL can guarantee me 4% that i can surely get between 4% and 12% in a well managed Mutual fund because thats the lifetime average of a MF (12% actually) . Why settle for 4% and pay fees and have to borrow back my money? Tax free comes with a price my friend. A price you're not explaining!

[prcaballo]

@cthun2970 What qualifies you to speak on this matter? Are you simply talking opinion? Everyone is entitiled so by all means. But let me ask you, where did you get that 12% return figure from? Lifetime average of what MF? And, do you know of that :"proposed" 12%, you pay tax on EVERY dollar you make? Not so w/ permanent insurance. Oh, and by the way, you're leaving out one VERY important benefit ... you CANNOT outlive the insurance's death benefit including if your health worsens.

[cthun2970]

sounds expensive. and @bc...... why would i need BOTH? That sounds even more expensive. If the big selling point is to strategically and intelligently grow my money within a VUL, there are better ways to do that allow me to have the same advantages you speak off. The biggest advantage being if I want my money i dont have to BORROW IT!

[prcaballo]

@cthun2970 Are you borrowing it if you NEVER have to pay it back?

[prcaballo]

@cthun2970 Are you still borrowing it if you NEVER have to pay it back?

[cthun2970]

@rcdrury1. How would I get my "tax free" money? What form would I receive MY money in? Would it be a withdrawl or a loan? Why do I need an insurance policy to invest or grow money? Can't I bring my money to an investment agency and grow it without having to pay extra fees an insurance policy would charge? Are there fees associated with thus VUL? How much are the fees?

[prcaballo]

@cthun2970 Life insurance is not an investment vehicle.  However, it does offer some very attractive investment features that cannot be duplicated with ANY other traditional type of investment.

[cthun22]

evergreenwealth, you must be a life insurance agent....... because there is no way that ANY, I MEAN ANY, permenant life insurance policy could compete with a term policy and a well managed investment account (I.E. greater than the 4% average CV policy). From what I've seen, most agents actually own term on their own life but sell some sort of cash value to their clients.

[rcdrury1]

@cthun22 You are incorrect. You're suggesting one should buy term and invest the difference. With a VUL, that is PRECISELY what is being done; it's just being done within the tax-sheltered, creditor-protected confines of a life insurance policy. Upon retirement, if this is an objective of the policy, cash value can be withdrawn tax-free. Of course, this is usually only appropriate if all available tax qualified investment options have been maximized. Quit listening to morons like Orman.

[jerkilles95]

@rcdrury1 what is a policy loan?

[evergreenwealth]

Suze should be made liable for all the claims she is making to callers. She never asks how much a person makes and then tells callers to cancel life contracts never knowing their financial situation. Maybe she is hired by life insurance companies. Term insurance pays claims less then 2% of the time. You outlive the policy or you discontinue policy. She should stick too how you feel and not to plan. Ask her if she is willing to pay your death benefit. Shame on her advice, that discredits U

[gfre0705]

go to shiftmythinking.info

[Novack05]

You know what is amazing Suze comments at 2:45 she says that he could have made 8% over the last twelve years. At about 3:00 mark the caller says the life insurance money is in the market and that non of the money is guaranteed. So this is a Variable Life Insurance policy and not a Whole Life policy. At 5:09 AMEN buy term to cover your insurance needs. 7:50 take that extra money and invest it. Hey Suzy did you happen to tell her that with investing she can lose her money, oops forgot that