Whole-Life VS Term Life Insurance

Most insurance companoes dont inform their clients that 2 different life insurance policies are available. Term insurance is better and about 3 times cheaper than Whole-Life or cash value insurance. Nobody should attach an investment to their life insurance policy. the quality of your savings will not grow faster than the current inflation rate.

Category:

Education

Tags:

• Houston
• Texas

[teammili]

i just read over a policy yesterday.. and the points he is making are 100% correct ...

[SunkieWard]

So what happens when your TERM life insurance policy has expired and you are much older and have to pay much more to get a new policy? Can someone explain that part to me.....

[therocketrod32]

This person is completely misinformed. Life insurance protects your assets, income and life value. Everyone has an economic value! We are taught to insure all of our property for its full value, but never insure the one thing that allows us to buy that property, our own LIVES! There is no mention of opportunity cost of term ins., no mention of effect of not having coverage in later years, a false comparison of a savings account to an investment account and so on.

Rodney Stockton

[rvpheck1]

Pure Insurance = Term Insurance, this isn't just a PRIMERICA concept this is common sense. You wouldn't buy an auto policy that has a cash value/savings to it would you? Why life insurance and savings combined? MAKES no SENSE...

[richboricua]

Young kid with apparently and quite logically no experience actually guarantees 'bank b' knows someone who GUARANTEES clients 8 to 12 percent on their money. This has Primerica written all over it. No knowledge, no experience and no compliance. FINRA should look into this.

[mylonc]

I agree.............sounds like a primerica rep

[MrBigshot702]

Only 2 percent of all terms get paid out due to people out living the term or dropping it for whole life. Besides, at the end of the term, your rates go up and you have to reapply. What if you came up with an ailment during that time? You're screwed, that's what happens.

[r200237]

1. each point is misleading and untrue. I am reporting this video to the Dept of Financial Services as a violation of unfair trade practices for misleading information. Dave Ramsey's course info is about information that is 20 years old.

[r200237]

1. each point is misleading and untrue. I am reporting this video to the Dept of Financial Services as a violation of unfair trade practices for misleading information.

[acklinm]

Term rates go up and at the end of your term what do you have? you'd be 30 years older and need insurance, so you'd have to get it at your new age which would be 30 years older which means a higher rate. whole life premiums stay the same for the whole life of your policy.