Suze Orman on Life Insurance

Suze speaks her mind on life insurance with savings.

Category:

Education

Tags:

• Finances
• Life
• Insurance
• Term
• Whole

[TrazRt]

@a1prime1 I agree as long as they have the correct amount of coverage I think whole life is a great way to build wealth and manage your estate. Where people get in trouble is when they only sell a small W.L policy because that's all the person can afford and their insurance need is greater. Term is better than no term and W.L is great as long as it's not your only investment. It's a great investment tool that Suzie doesn't get.

[a1prime1]

The trash value troll - aka wodendog, insurancemike10, SuperLifeguy, jgilles85 ( a rip-off of a different user), Termisexpensive, aIprime1 (a rip-off of me), w8lifterdude & several other names that haven’t been seen since Google made users associate a phone # with their accounts, can’t attack Primerica or defend the trash value industry with out resorting to idiotic lies, spamming other users comments, using multiple aliases, & generally making a total fool of himself.

[a1prime1]

Big words from a gutless coward who has to spam comments & use multiple aliases because he’s a cockroach who can’t stand the light of day. You can censor comments all you want, wimp, but you can’t hide from yourself. You’re a fraud & you know it.

[aIprime1]

@TrazRt I agree with half your statement. If WL is good for the rich why would it not be good for the "average" person? That's backward thinking. Use WL in proportion to their ability to save long term. Term is the best answer to acquire your max protection but WL should be considered for most, even in small amounts. Remember the markets have done less that 2.5% over the last 12 years, subtract fees and taxes and you are looking at less than 1%!!! OUCH

[TrazRt]

for the average person I agree whole life isn't always the best option. However whole life is very useful in estate planning and for tax purposes, it is usually used for the wealthy. The fact that she is so blindly one sided just makes me think she might be a little bit slow.

[a1prime1]

The trash value troll - aka wodendog, insurancemike10, SuperLifeguy, jgilles85 ( a rip-off of a different user), Termisexpensive, aIprime1 (a rip-off of me), w8lifterdude & several other names that haven’t been seen since Google made users associate a phone # with their accounts, can’t attack Primerica or defend the trash value industry with out resorting to idiotic lies, spamming other users comments, using multiple aliases, & generally making a total fool of himself.

[a1prime1]

Big words from a gutless coward who has to spam comments & use multiple aliases because he’s a cockroach who can’t stand the light of day. You can censor comments all you want, wimp, but you can’t hide from yourself. You’re a fraud & you know it.

[aIprime1]

So there you have it. Whole Life is an amazing product!!!

[aIprime1]

In addition, whole life pays dividends. Unlike stock dividends which are taxable whole life dividends grow tax free and can be accessed tax free. The typical whole life policy will return you about 4-5% tax free - that's extremely attractive as a "bond" alternative. Factor in the ROR on the Death Benefit and you can understand why businesses and banks buy so much of this stuff.

[aIprime1]

Whole Life provides 3 very important guarantees which makes it very attractive for these entities. 1. A guaranteed death benefit - no matter what a death benefit will be paid. 2. Guaranteed premiums - no matter how your health changes your premium is locked in. 3. Guaranteed cash value, you can't lose money with whole life no matter what the markets do.