Life Insurance 101: Term Life Insurance vs Whole Life Insurance (Part 2)

[snakevue]

how does the index play into cash value then. is it the same where they will keep your money too?

[abesgmail]

Ha!



[tnordloh]

thanks very much, I understand much better now. I am going to take this to my friend, who is getting conned into thinking this is a good investment strategy (the guy selling it is very careful to never state that it's an investment, while describing it as an investment. Con artist extraordinaire.)

[spawn636]

youtube.com/watch?v=GSJoFaIy27­c

[Zoth77]

This was very informative; i knew there was a reason whole life was not a good idea, at least not to people who can pick up the phone and invest in a no-load mutual fund. . . .



[jkkey]

it's bad enough that probably 80% of financial products sold to consumers are either not necessary or a down right rip off. cash value has to be the biggest screw job in the financial services industry. thank you so much for posting these video's and telling people the truth. an old family friend actually got fired from his company because he refused to sell anything but term once he discovered what he was doing and that he was brainwashed.

[PersonalFinanceMoney]

@jkkey absolutely, thats why whole life is so dominant. The companies want to make more money, and good people cant do a thing about it.

[FinancialPlanningTip]

Great job

[InvestingInsurance]

This one is better....

[InvestingInsurance]

Thanks for the add....