This video makes no since at all. This is the type of crap that keeps the insurance industry in control of your money. You need to run from people like this.
So at 4% my money would take 18 years to double and since you have no concept of dollar cost averaging then $200 sounds great in 18 years. You didn't mention that you keep the money invested for the first 2+ years. The tags of the video sum this garbage video up.
You misrepresented cash value in certain parts of this video and it's an AWFUL investment. The death benefit does depreciate if you take money out of the cash value and you have to pay it back with an interest rate of 7-8% on your own money when its only growing at a rate of 3-4% and the first three years there is no growth at all. And if the client dies the cash value goes to the insurance company not your family. And it's over priced life insurance. The best option is buy term with a guarante
Trash value life insurance =
1: keeps ur money for the first 2 -5 years
2:offers 1%-4% rate of return
3: charges you 6%-8% to borrow YOUR OWN money!
4:the can hold your $ for upto 6 months if u want to "borrow"
5:you lose your investment once you die!
rsnl2004 4 days ago
This video makes no since at all. This is the type of crap that keeps the insurance industry in control of your money. You need to run from people like this.
TheFabules26 1 week ago
Guy works for World Financial Group. Lol they filled his head with garbage.
jalvarez2020 4 weeks ago
Buy Term and invest the difference
jalvarez2020 4 weeks ago
So at 4% my money would take 18 years to double and since you have no concept of dollar cost averaging then $200 sounds great in 18 years. You didn't mention that you keep the money invested for the first 2+ years. The tags of the video sum this garbage video up.
boournscanucks 1 month ago
You misrepresented cash value in certain parts of this video and it's an AWFUL investment. The death benefit does depreciate if you take money out of the cash value and you have to pay it back with an interest rate of 7-8% on your own money when its only growing at a rate of 3-4% and the first three years there is no growth at all. And if the client dies the cash value goes to the insurance company not your family. And it's over priced life insurance. The best option is buy term with a guarante
blueangel7883 1 month ago
what a fool.
mattar12 5 months ago