-
How Does Life Insurance Work?
Life insurance is essentially a contract between the insured and the insurance company that pays out if the policyholder, the insured, dies. The life insurance money generally goes to a family member or beneficiary.
But, how can this even be profitable for the insurance company? Everyone dies, after all. Well, this all has to do with how the contracts are set up.
Media:
Brittle Rille - Reunited by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200047
Artist: http://incompetech.com/
published: 03 Jun 2022
-
How to use Whole Life Insurance to Get Rich (Become your own Bank)
Stop wasting time cooking dinner. Sign up for Thistle: thistle.pxf.io/15XWEd
The BEST book on life insurance and wealth. Get HERE: https://amzn.to/3YVjvwe
I want to teach how to become your own bank.
Forget groveling to Wells Fargo when you need a home or car loan.
Don’t run to JP Morgan or Bank of America
And get on bended knee to beg for a loan to buy a business.
Take control of your life.
It’s time to start the “Bank of You”.
In this video I will explain how to harness the power of life insurance
To build real wealth.
To build your own bank.
So you can control your time and what you do with it.
And at the end of the video, it will become clear to you,
Maybe for the first time, that a clear path exists for you to become rich.
The content on this channel is for entertainmen...
published: 15 Nov 2022
-
Types Of Life Insurance Explained
There are many different kinds of life insurance. Term Life, Whole Life, and Universal Life are just three of the most basic kinds. Check out life insurance expert Byron Udell break down the main three different types of life insurance.
Visit our blog and learn more about how much life insurance you need and the kind of coverage that fits your life. If your thirst for knowledge extends past the common questions, peruse our blog at your leisure.
Blog: http://bit.ly/2DR415l
How much life insurance do you need? Learn! http://bit.ly/2YMUAji
3 Reasons People Put Off Buying Insurance. Know it! http://bit.ly/2YPV5J8
GET A QUOTE! http://bit.ly/2YOuSdZ
Read the Video!
Hi. I’m Byron Udell, Founder and CEO of AccuQuote.
Since 1986, we’ve helped millions of people save money on their life insu...
published: 21 Jan 2016
-
Why Is Term Insurance Better Than Whole Life Insurance?
Don’t waste money on whole life insurance. Get a term life policy today: http://bit.ly/2CmkuN1
Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show...
published: 20 Oct 2016
-
Term Vs. Whole Life Insurance (Life Insurance Explained)
Get Term Life Insurance HERE: https://whiteboardfinance.com/go/havenlife
In this video I will breakdown Term Life Insurance vs. Whole Life Insurance, to give you an idea of which is best for you.
Life insurance is one of those necessary things in life, because life happens! It's better to have life insurance and not need it, than need it and not have it.
The fact is, we all eventually need life insurance and this video will hopefully help you decide which is best for you.
Term life insurance provides coverage for a specific amount of time (usually 20-30 yrs). If you or your spouse passes away during this time, your beneficiaries will receive a payout from the policy.
Term life is much more affordable than whole life. Typically this works out to be $7 per month in 20 yr term, vs $100 w...
published: 21 Aug 2019
-
Life Insurance 101 (WATCH THIS BEFORE YOU BUY)
After getting my own life insurance policy last year, I've been blown away by what a cool tax-free, wealth-building loophole it is. They don't call it "Rich Man's Roth IRA" for nothing! Financial education, people! That being said, life insurance can be confusing, and there's a lot of bad products/salespeople out there, so this video I share everything I know about life insurance and how to decide if it's a fit for you.
***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TIMESTAMPS
00:01:10 - What is life insurance?
00:06:40 - What's best for you... Term Life vs. Permanent Life?
00:12:00 - When is the best time to get l...
published: 03 Jun 2021
-
How To Use Whole Life Insurance To GET RICH In 2023 (Become Your Own Bank) | Wealth Nation
We know how you can create wealth.. using Whole life insurance. Find out how.
🔥 Get Our FREE TRAINING, The Living Benefits of Life Insurance ➡️ https://bit.ly/wn-exclusive-invite. Discover how we use Cash Value Life Insurance to build wealth.
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✍🏾 Are you ready to Start a Policy? Complete our new client application.
https://bit.ly/WN-New-Client
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https://www.youtube.com/@Wealt...
published: 16 Jun 2023
-
WHAT'S THE BEST TYPE OF LIFE INSURANCE?
In this clip Rashad went over the different types of life insurance, he talked about term, universal life, whole life, and more. #lifeinsurance #termlifeinsurance #wholelifeinsurance
Link to EYL University: https://www.eyluniversity.com/join1
published: 01 Jan 2023
-
Understanding a Whole Life Insurance Policy - How Your Money GROWS
Want to Work With Us? 👉 https://ibcglobalinc.com
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Thank you all for watching and supporting us! Don't forget to subscribe!
DISCLAIMER:
All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsib...
published: 15 Apr 2024
-
Term Vs. Whole Life Insurance | The Best Option For The Sandwich Generation
What type of life insurance should the "Sandwich Generation" buy? In this video, I break down the difference between term and whole life insurance. And I'll show you how to determine which one is going to work best for your specific situation.
Timecodes
0:00 - Intro
0:45 - Why Do You Need Life Insurance?
1:44 - Where to Start
2:26 - Term vs. Whole Life Insurance
3:41 - Don’t Get Hung Up On The Expiration Date
4:14 - How Much To Get?
4:28 - Make Sure To Shop Around
4:55 - Permanent Life Insurance - Whole Life or Universal Life Insurance
6:12 - Insurance Broker Commission
6:40 - Insurance Shouldn’t Be Investments
7:18 - This Gets Me Real Boiling
7:50 - Sales Pitch #1
8:43 - Sales Pitch #2
9:19 - Sales Pitch #3
10:18 - My Recommendation
------------
LINKS:
► Get My Weekly Newsletters: ht...
published: 13 Jan 2022
3:36
How Does Life Insurance Work?
Life insurance is essentially a contract between the insured and the insurance company that pays out if the policyholder, the insured, dies. The life insurance ...
Life insurance is essentially a contract between the insured and the insurance company that pays out if the policyholder, the insured, dies. The life insurance money generally goes to a family member or beneficiary.
But, how can this even be profitable for the insurance company? Everyone dies, after all. Well, this all has to do with how the contracts are set up.
Media:
Brittle Rille - Reunited by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200047
Artist: http://incompetech.com/
https://wn.com/How_Does_Life_Insurance_Work
Life insurance is essentially a contract between the insured and the insurance company that pays out if the policyholder, the insured, dies. The life insurance money generally goes to a family member or beneficiary.
But, how can this even be profitable for the insurance company? Everyone dies, after all. Well, this all has to do with how the contracts are set up.
Media:
Brittle Rille - Reunited by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200047
Artist: http://incompetech.com/
- published: 03 Jun 2022
- views: 110828
10:54
How to use Whole Life Insurance to Get Rich (Become your own Bank)
Stop wasting time cooking dinner. Sign up for Thistle: thistle.pxf.io/15XWEd
The BEST book on life insurance and wealth. Get HERE: https://amzn.to/3YVjvwe
I w...
Stop wasting time cooking dinner. Sign up for Thistle: thistle.pxf.io/15XWEd
The BEST book on life insurance and wealth. Get HERE: https://amzn.to/3YVjvwe
I want to teach how to become your own bank.
Forget groveling to Wells Fargo when you need a home or car loan.
Don’t run to JP Morgan or Bank of America
And get on bended knee to beg for a loan to buy a business.
Take control of your life.
It’s time to start the “Bank of You”.
In this video I will explain how to harness the power of life insurance
To build real wealth.
To build your own bank.
So you can control your time and what you do with it.
And at the end of the video, it will become clear to you,
Maybe for the first time, that a clear path exists for you to become rich.
The content on this channel is for entertainment purposes only and should not be taken as financial advice. Please do your own research and consult with a financial professional before making any financial decisions. The creator of this channel does not assume any responsibility for any errors or omissions in the content.
https://wn.com/How_To_Use_Whole_Life_Insurance_To_Get_Rich_(Become_Your_Own_Bank)
Stop wasting time cooking dinner. Sign up for Thistle: thistle.pxf.io/15XWEd
The BEST book on life insurance and wealth. Get HERE: https://amzn.to/3YVjvwe
I want to teach how to become your own bank.
Forget groveling to Wells Fargo when you need a home or car loan.
Don’t run to JP Morgan or Bank of America
And get on bended knee to beg for a loan to buy a business.
Take control of your life.
It’s time to start the “Bank of You”.
In this video I will explain how to harness the power of life insurance
To build real wealth.
To build your own bank.
So you can control your time and what you do with it.
And at the end of the video, it will become clear to you,
Maybe for the first time, that a clear path exists for you to become rich.
The content on this channel is for entertainment purposes only and should not be taken as financial advice. Please do your own research and consult with a financial professional before making any financial decisions. The creator of this channel does not assume any responsibility for any errors or omissions in the content.
- published: 15 Nov 2022
- views: 564396
5:18
Types Of Life Insurance Explained
There are many different kinds of life insurance. Term Life, Whole Life, and Universal Life are just three of the most basic kinds. Check out life insurance exp...
There are many different kinds of life insurance. Term Life, Whole Life, and Universal Life are just three of the most basic kinds. Check out life insurance expert Byron Udell break down the main three different types of life insurance.
Visit our blog and learn more about how much life insurance you need and the kind of coverage that fits your life. If your thirst for knowledge extends past the common questions, peruse our blog at your leisure.
Blog: http://bit.ly/2DR415l
How much life insurance do you need? Learn! http://bit.ly/2YMUAji
3 Reasons People Put Off Buying Insurance. Know it! http://bit.ly/2YPV5J8
GET A QUOTE! http://bit.ly/2YOuSdZ
Read the Video!
Hi. I’m Byron Udell, Founder and CEO of AccuQuote.
Since 1986, we’ve helped millions of people save money on their life insurance.
When you boil it down, there are really only two kinds of life insurance: “Temporary” coverage, which is called “Term Insurance”…and “Permanent Insurance.”
Both Term and Permanent life insurance come in various shapes and flavors to satisfy different needs.
Permanent insurance is designed to provide coverage for as long as you live. If your needs are long-term, like estate planning or final expenses, or if you just want to leave a bigger legacy, no matter when you die, permanent life insurance is probably the way to go.
There are lots of different kinds of permanent insurance, but the two primary categories are…whole life and universal life. And I’ll come back to these in a minute.
Term life insurance is, by definition, “temporary” insurance. It’s designed to provide coverage for a limited period of time, typically 10, 20 or 30 years. Term policies are simple and extremely inexpensive. In most cases, your cost each year is guaranteed to remain level for whatever the term is. Again, typically 10, 20 or 30 years. After the term is over, make sure you’re sitting down when you receive your premium notice, because your rates are going to jump up dramatically. Sometimes by a factor of as much as 10 or more.
But some of these policies have a built-in conversion option that’ll allow you trade in your term coverage for a shiny new permanent policy.
Term life makes sense if you know when you’re going to be financially independent or if you’re sure there’s some date down the road where no one will be depending on you anymore financially. Like when your kids are all grown up and your mortgage is all paid off.
Term is also good when you’re younger and your biggest concern is getting the protection in place and keeping your costs down.
If you’re a non-smoker in your 30s and healthy, you can buy a 20-year, $250,000 term policy for less than $20 a month.
Sounds too good to be true? Well, it’s 100% true.
Now back to Permanent Life Insurance. Whole Life and Universal Life insurance are more expensive than Term, but let’s look at what you’re getting for the money.
Unlike term insurance, permanent insurance in generally designed to last forever. You can’t outlive a permanent life insurance policy. With most permanent policies, as long as you pay your premiums on time, your family is guaranteed to receive the death benefit…no matter when you die. Whether that’s tomorrow or 50 years from now.
Unlike term insurance, permanent insurance policies can also build cash surrender values, which can be accessed at any time, for any reason. You can set up your premiums to be level of life…guaranteed. You won’t have to worry about premiums going up when you get older and forcing you to drop the policy. Nor will you have to worry about being healthy enough in the future to have to requalify or replace the coverage. If you like, you can also arrange to pay for the policy over a shorter period of time, say 10 years, so after that, you own the coverage…and no further premiums are due for the rest of your life.
Universal Life Insurance, one kind of permanent life insurance, offers a certain amount of built-in flexibility. You have the ability to change your premiums and death benefits to keep pace with changes in your life.
Whole Life Insurance is what I refer to as the “Rolls Royce” of life insurance. Whole life costs more than all the other types of life insurance we’ve discussed, but it does more. Over time, these policies develop significant cash value that are guaranteed and can be accessed at any time. Regardless of what happens in the economy, each year, the cash values grow…guaranteed.
https://wn.com/Types_Of_Life_Insurance_Explained
There are many different kinds of life insurance. Term Life, Whole Life, and Universal Life are just three of the most basic kinds. Check out life insurance expert Byron Udell break down the main three different types of life insurance.
Visit our blog and learn more about how much life insurance you need and the kind of coverage that fits your life. If your thirst for knowledge extends past the common questions, peruse our blog at your leisure.
Blog: http://bit.ly/2DR415l
How much life insurance do you need? Learn! http://bit.ly/2YMUAji
3 Reasons People Put Off Buying Insurance. Know it! http://bit.ly/2YPV5J8
GET A QUOTE! http://bit.ly/2YOuSdZ
Read the Video!
Hi. I’m Byron Udell, Founder and CEO of AccuQuote.
Since 1986, we’ve helped millions of people save money on their life insurance.
When you boil it down, there are really only two kinds of life insurance: “Temporary” coverage, which is called “Term Insurance”…and “Permanent Insurance.”
Both Term and Permanent life insurance come in various shapes and flavors to satisfy different needs.
Permanent insurance is designed to provide coverage for as long as you live. If your needs are long-term, like estate planning or final expenses, or if you just want to leave a bigger legacy, no matter when you die, permanent life insurance is probably the way to go.
There are lots of different kinds of permanent insurance, but the two primary categories are…whole life and universal life. And I’ll come back to these in a minute.
Term life insurance is, by definition, “temporary” insurance. It’s designed to provide coverage for a limited period of time, typically 10, 20 or 30 years. Term policies are simple and extremely inexpensive. In most cases, your cost each year is guaranteed to remain level for whatever the term is. Again, typically 10, 20 or 30 years. After the term is over, make sure you’re sitting down when you receive your premium notice, because your rates are going to jump up dramatically. Sometimes by a factor of as much as 10 or more.
But some of these policies have a built-in conversion option that’ll allow you trade in your term coverage for a shiny new permanent policy.
Term life makes sense if you know when you’re going to be financially independent or if you’re sure there’s some date down the road where no one will be depending on you anymore financially. Like when your kids are all grown up and your mortgage is all paid off.
Term is also good when you’re younger and your biggest concern is getting the protection in place and keeping your costs down.
If you’re a non-smoker in your 30s and healthy, you can buy a 20-year, $250,000 term policy for less than $20 a month.
Sounds too good to be true? Well, it’s 100% true.
Now back to Permanent Life Insurance. Whole Life and Universal Life insurance are more expensive than Term, but let’s look at what you’re getting for the money.
Unlike term insurance, permanent insurance in generally designed to last forever. You can’t outlive a permanent life insurance policy. With most permanent policies, as long as you pay your premiums on time, your family is guaranteed to receive the death benefit…no matter when you die. Whether that’s tomorrow or 50 years from now.
Unlike term insurance, permanent insurance policies can also build cash surrender values, which can be accessed at any time, for any reason. You can set up your premiums to be level of life…guaranteed. You won’t have to worry about premiums going up when you get older and forcing you to drop the policy. Nor will you have to worry about being healthy enough in the future to have to requalify or replace the coverage. If you like, you can also arrange to pay for the policy over a shorter period of time, say 10 years, so after that, you own the coverage…and no further premiums are due for the rest of your life.
Universal Life Insurance, one kind of permanent life insurance, offers a certain amount of built-in flexibility. You have the ability to change your premiums and death benefits to keep pace with changes in your life.
Whole Life Insurance is what I refer to as the “Rolls Royce” of life insurance. Whole life costs more than all the other types of life insurance we’ve discussed, but it does more. Over time, these policies develop significant cash value that are guaranteed and can be accessed at any time. Regardless of what happens in the economy, each year, the cash values grow…guaranteed.
- published: 21 Jan 2016
- views: 662513
9:04
Why Is Term Insurance Better Than Whole Life Insurance?
Don’t waste money on whole life insurance. Get a term life policy today: http://bit.ly/2CmkuN1
Visit the Dave Ramsey store today for resources to help you take...
Don’t waste money on whole life insurance. Get a term life policy today: http://bit.ly/2CmkuN1
Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
https://www.youtube.com/c/TheRamseyShow?sub_confirmation=1
• The Ramsey Show (Full Episodes): https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
• The Dr. John Delony Show: https://www.youtube.com/c/JohnDelony?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• Anthony ONeal: https://www.youtube.com/user/aonealministries?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• The Christy Wright Show: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1
https://wn.com/Why_Is_Term_Insurance_Better_Than_Whole_Life_Insurance
Don’t waste money on whole life insurance. Get a term life policy today: http://bit.ly/2CmkuN1
Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
https://www.youtube.com/c/TheRamseyShow?sub_confirmation=1
• The Ramsey Show (Full Episodes): https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
• The Dr. John Delony Show: https://www.youtube.com/c/JohnDelony?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• Anthony ONeal: https://www.youtube.com/user/aonealministries?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• The Christy Wright Show: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1
- published: 20 Oct 2016
- views: 804752
16:15
Term Vs. Whole Life Insurance (Life Insurance Explained)
Get Term Life Insurance HERE: https://whiteboardfinance.com/go/havenlife
In this video I will breakdown Term Life Insurance vs. Whole Life Insurance, to give y...
Get Term Life Insurance HERE: https://whiteboardfinance.com/go/havenlife
In this video I will breakdown Term Life Insurance vs. Whole Life Insurance, to give you an idea of which is best for you.
Life insurance is one of those necessary things in life, because life happens! It's better to have life insurance and not need it, than need it and not have it.
The fact is, we all eventually need life insurance and this video will hopefully help you decide which is best for you.
Term life insurance provides coverage for a specific amount of time (usually 20-30 yrs). If you or your spouse passes away during this time, your beneficiaries will receive a payout from the policy.
Term life is much more affordable than whole life. Typically this works out to be $7 per month in 20 yr term, vs $100 with whole life cash value.
Term life has no cash value until the death occurs, so it’s not worth anything until you need it, which is fine.
Whole life is a form of permanent life insurance with 3 components:
1. Premiums
2. Death Benefits
3. Cash Value Accumulation (savings aspect)
When you pay your premium a portion is applied to the death benefit and cash value.
The first 5-10 years a majority is applied to the death benefits (cost of insurance) along with fees and commissions.
After this, the cash value will receive a great portion of the premium
Beneficiaries are only entitled to receive the death benefit portion of the policy when you die!!
You have no choice in how the life insurance company applies the premium you pay.
You can cash in or surrender your policy at any time to get your money out, but you lose the insurance!
Get Term Life Insurance HERE: https://whiteboardfinance.com/go/havenlife
Instrumental Produced By Chuki:
http://www.youtube.com/user/CHUKImusic
ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#Investing
#PersonalFinance
#Entrepreneurship
#StockMarket
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
https://wn.com/Term_Vs._Whole_Life_Insurance_(Life_Insurance_Explained)
Get Term Life Insurance HERE: https://whiteboardfinance.com/go/havenlife
In this video I will breakdown Term Life Insurance vs. Whole Life Insurance, to give you an idea of which is best for you.
Life insurance is one of those necessary things in life, because life happens! It's better to have life insurance and not need it, than need it and not have it.
The fact is, we all eventually need life insurance and this video will hopefully help you decide which is best for you.
Term life insurance provides coverage for a specific amount of time (usually 20-30 yrs). If you or your spouse passes away during this time, your beneficiaries will receive a payout from the policy.
Term life is much more affordable than whole life. Typically this works out to be $7 per month in 20 yr term, vs $100 with whole life cash value.
Term life has no cash value until the death occurs, so it’s not worth anything until you need it, which is fine.
Whole life is a form of permanent life insurance with 3 components:
1. Premiums
2. Death Benefits
3. Cash Value Accumulation (savings aspect)
When you pay your premium a portion is applied to the death benefit and cash value.
The first 5-10 years a majority is applied to the death benefits (cost of insurance) along with fees and commissions.
After this, the cash value will receive a great portion of the premium
Beneficiaries are only entitled to receive the death benefit portion of the policy when you die!!
You have no choice in how the life insurance company applies the premium you pay.
You can cash in or surrender your policy at any time to get your money out, but you lose the insurance!
Get Term Life Insurance HERE: https://whiteboardfinance.com/go/havenlife
Instrumental Produced By Chuki:
http://www.youtube.com/user/CHUKImusic
ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#Investing
#PersonalFinance
#Entrepreneurship
#StockMarket
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
- published: 21 Aug 2019
- views: 834077
22:34
Life Insurance 101 (WATCH THIS BEFORE YOU BUY)
After getting my own life insurance policy last year, I've been blown away by what a cool tax-free, wealth-building loophole it is. They don't call it "Rich Man...
After getting my own life insurance policy last year, I've been blown away by what a cool tax-free, wealth-building loophole it is. They don't call it "Rich Man's Roth IRA" for nothing! Financial education, people! That being said, life insurance can be confusing, and there's a lot of bad products/salespeople out there, so this video I share everything I know about life insurance and how to decide if it's a fit for you.
***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TIMESTAMPS
00:01:10 - What is life insurance?
00:06:40 - What's best for you... Term Life vs. Permanent Life?
00:12:00 - When is the best time to get life insurance?
00:16:25 - How to choose a GOOD life insurance policy
__________
***👇 BOOK A FREE CONSULTATION WITH MY TRUSTED INSURANCE AGENT 👇***
Get an assessment of your financial situation and learn more about how different policies work
https://calendly.com/yairklyman
SOME NAMES OF REPUTABLE *MUTUALLY-OWNED* INSURANCE COMPANIES
Northwestern Mutual, National Life, John Hancock, Mutual of Omaha, Minnesota Mutual, Nationwide
__________
***BOOKS I RECOMMEND 📚***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
https://amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
https://amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
https://amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
https://amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
https://amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
https://amzn.to/37N2adc
________
***MY FAVORITE MONEY TOOLS 🖤***
YNAB (I literally can't live without this budgeting app, so obsessed)
https://www.youneedabudget.com/?ref=YkZbz4082iUstrX7&utm_source=customer_referral
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
https://wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
https://amzn.to/3Ne37jy
__________
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL! 👋🏼
Website: https://www.rosehan.com
Instagram: http://instagram.com/itsrosehan
TikTok: https://www.tiktok.com/@itsrosehan
Pinterest: https://pinterest.com/itsrosehan
https://youtu.be/gdQ357almxQ
https://wn.com/Life_Insurance_101_(Watch_This_Before_You_Buy)
After getting my own life insurance policy last year, I've been blown away by what a cool tax-free, wealth-building loophole it is. They don't call it "Rich Man's Roth IRA" for nothing! Financial education, people! That being said, life insurance can be confusing, and there's a lot of bad products/salespeople out there, so this video I share everything I know about life insurance and how to decide if it's a fit for you.
***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TIMESTAMPS
00:01:10 - What is life insurance?
00:06:40 - What's best for you... Term Life vs. Permanent Life?
00:12:00 - When is the best time to get life insurance?
00:16:25 - How to choose a GOOD life insurance policy
__________
***👇 BOOK A FREE CONSULTATION WITH MY TRUSTED INSURANCE AGENT 👇***
Get an assessment of your financial situation and learn more about how different policies work
https://calendly.com/yairklyman
SOME NAMES OF REPUTABLE *MUTUALLY-OWNED* INSURANCE COMPANIES
Northwestern Mutual, National Life, John Hancock, Mutual of Omaha, Minnesota Mutual, Nationwide
__________
***BOOKS I RECOMMEND 📚***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
https://amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
https://amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
https://amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
https://amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
https://amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
https://amzn.to/37N2adc
________
***MY FAVORITE MONEY TOOLS 🖤***
YNAB (I literally can't live without this budgeting app, so obsessed)
https://www.youneedabudget.com/?ref=YkZbz4082iUstrX7&utm_source=customer_referral
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
https://wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
https://amzn.to/3Ne37jy
__________
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL! 👋🏼
Website: https://www.rosehan.com
Instagram: http://instagram.com/itsrosehan
TikTok: https://www.tiktok.com/@itsrosehan
Pinterest: https://pinterest.com/itsrosehan
https://youtu.be/gdQ357almxQ
- published: 03 Jun 2021
- views: 80000
8:06
How To Use Whole Life Insurance To GET RICH In 2023 (Become Your Own Bank) | Wealth Nation
We know how you can create wealth.. using Whole life insurance. Find out how.
🔥 Get Our FREE TRAINING, The Living Benefits of Life Insurance ➡️ https://bit.ly/...
We know how you can create wealth.. using Whole life insurance. Find out how.
🔥 Get Our FREE TRAINING, The Living Benefits of Life Insurance ➡️ https://bit.ly/wn-exclusive-invite. Discover how we use Cash Value Life Insurance to build wealth.
===========================
Ways to Work with Us
===========================
✍🏾 Are you ready to Start a Policy? Complete our new client application.
https://bit.ly/WN-New-Client
🎤Speaking Opportunities
https://link.wealthnation.io/inquire
===========================
Watch This Next:
===========================
https://www.youtube.com/watch?v=EKjvMy0HTsA&list=PLO_zFk7XLo28fkAHrifTHg25Ir8_eFZ69
===========================
Subscribe to our channels:
===========================
https://www.youtube.com/@WealthNation
https://www.youtube.com/@WealthNationShorts
===========================
Connect with us!
===========================
https://www.instagram.com/wealthnation.io/
===========================
Disclaimer:
===========================
Wealth Nation provides content for informational purposes only. While we aim to offer accurate and up-to-date information, always consult with qualified professionals before making any retirement, tax, or legal decisions.
The Infinite Banking Concept® is a trademark of Infinite Banking Concepts, LLC, with which Wealth Nation is not associated or endorsed.
===========================
About:
===========================
Did you know that you can enjoy your whole life insurance while you’re still alive? It’s true! Imagine having the power to enjoy your cash value and live the life you’ve always dreamed of, all while your money grows exponentially through tax-free, compounded interest.
Sounds amazing, right? Well, buckle up and get ready to dive into this exhilarating video where we’ll show you how whole life insurance can transform your world.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
WARNING:
Many fake accounts are impersonating our channel. We will NEVER ask you to contact us through YouTube comments, telegram, or WhatsApp. You can connect with us through the links provided in our video descriptions. Please be aware of fake accounts trying to scam you using our name and picture.
https://wn.com/How_To_Use_Whole_Life_Insurance_To_Get_Rich_In_2023_(Become_Your_Own_Bank)_|_Wealth_Nation
We know how you can create wealth.. using Whole life insurance. Find out how.
🔥 Get Our FREE TRAINING, The Living Benefits of Life Insurance ➡️ https://bit.ly/wn-exclusive-invite. Discover how we use Cash Value Life Insurance to build wealth.
===========================
Ways to Work with Us
===========================
✍🏾 Are you ready to Start a Policy? Complete our new client application.
https://bit.ly/WN-New-Client
🎤Speaking Opportunities
https://link.wealthnation.io/inquire
===========================
Watch This Next:
===========================
https://www.youtube.com/watch?v=EKjvMy0HTsA&list=PLO_zFk7XLo28fkAHrifTHg25Ir8_eFZ69
===========================
Subscribe to our channels:
===========================
https://www.youtube.com/@WealthNation
https://www.youtube.com/@WealthNationShorts
===========================
Connect with us!
===========================
https://www.instagram.com/wealthnation.io/
===========================
Disclaimer:
===========================
Wealth Nation provides content for informational purposes only. While we aim to offer accurate and up-to-date information, always consult with qualified professionals before making any retirement, tax, or legal decisions.
The Infinite Banking Concept® is a trademark of Infinite Banking Concepts, LLC, with which Wealth Nation is not associated or endorsed.
===========================
About:
===========================
Did you know that you can enjoy your whole life insurance while you’re still alive? It’s true! Imagine having the power to enjoy your cash value and live the life you’ve always dreamed of, all while your money grows exponentially through tax-free, compounded interest.
Sounds amazing, right? Well, buckle up and get ready to dive into this exhilarating video where we’ll show you how whole life insurance can transform your world.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
WARNING:
Many fake accounts are impersonating our channel. We will NEVER ask you to contact us through YouTube comments, telegram, or WhatsApp. You can connect with us through the links provided in our video descriptions. Please be aware of fake accounts trying to scam you using our name and picture.
- published: 16 Jun 2023
- views: 34503
8:27
WHAT'S THE BEST TYPE OF LIFE INSURANCE?
In this clip Rashad went over the different types of life insurance, he talked about term, universal life, whole life, and more. #lifeinsurance #termlifeinsuran...
In this clip Rashad went over the different types of life insurance, he talked about term, universal life, whole life, and more. #lifeinsurance #termlifeinsurance #wholelifeinsurance
Link to EYL University: https://www.eyluniversity.com/join1
https://wn.com/What'S_The_Best_Type_Of_Life_Insurance
In this clip Rashad went over the different types of life insurance, he talked about term, universal life, whole life, and more. #lifeinsurance #termlifeinsurance #wholelifeinsurance
Link to EYL University: https://www.eyluniversity.com/join1
- published: 01 Jan 2023
- views: 89494
22:56
Understanding a Whole Life Insurance Policy - How Your Money GROWS
Want to Work With Us? 👉 https://ibcglobalinc.com
───────────────────────
SUBSCRIBE for MORE ➡️ https://bit.ly/IBCSubscribe
CONTACT US:
📞 1-800-805-3707
📧 inf...
Want to Work With Us? 👉 https://ibcglobalinc.com
───────────────────────
SUBSCRIBE for MORE ➡️ https://bit.ly/IBCSubscribe
CONTACT US:
📞 1-800-805-3707
📧 info@ibcglobalinc.com
🌐 IBC Global Inc Website: https://ibcglobalinc.com
───────────────────────
SOCIAL MEDIA:
Instagram ➡️ https://www.instagram.com/ibcglobalinc/
Facebook ➡️ https://www.facebook.com/IBCglobalinc/
Twitter ➡️ https://twitter.com/ibcglobalinc
LinkedIn ➡️ https://www.linkedin.com/company/ibcglobalinc/
───────────────────────
Thank you all for watching and supporting us! Don't forget to subscribe!
DISCLAIMER:
All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and IBC Global is made for informational purposes only.
#Finance #WholeLife #Insurance
https://wn.com/Understanding_A_Whole_Life_Insurance_Policy_How_Your_Money_Grows
Want to Work With Us? 👉 https://ibcglobalinc.com
───────────────────────
SUBSCRIBE for MORE ➡️ https://bit.ly/IBCSubscribe
CONTACT US:
📞 1-800-805-3707
📧 info@ibcglobalinc.com
🌐 IBC Global Inc Website: https://ibcglobalinc.com
───────────────────────
SOCIAL MEDIA:
Instagram ➡️ https://www.instagram.com/ibcglobalinc/
Facebook ➡️ https://www.facebook.com/IBCglobalinc/
Twitter ➡️ https://twitter.com/ibcglobalinc
LinkedIn ➡️ https://www.linkedin.com/company/ibcglobalinc/
───────────────────────
Thank you all for watching and supporting us! Don't forget to subscribe!
DISCLAIMER:
All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and IBC Global is made for informational purposes only.
#Finance #WholeLife #Insurance
- published: 15 Apr 2024
- views: 520
11:15
Term Vs. Whole Life Insurance | The Best Option For The Sandwich Generation
What type of life insurance should the "Sandwich Generation" buy? In this video, I break down the difference between term and whole life insurance. And I'll sho...
What type of life insurance should the "Sandwich Generation" buy? In this video, I break down the difference between term and whole life insurance. And I'll show you how to determine which one is going to work best for your specific situation.
Timecodes
0:00 - Intro
0:45 - Why Do You Need Life Insurance?
1:44 - Where to Start
2:26 - Term vs. Whole Life Insurance
3:41 - Don’t Get Hung Up On The Expiration Date
4:14 - How Much To Get?
4:28 - Make Sure To Shop Around
4:55 - Permanent Life Insurance - Whole Life or Universal Life Insurance
6:12 - Insurance Broker Commission
6:40 - Insurance Shouldn’t Be Investments
7:18 - This Gets Me Real Boiling
7:50 - Sales Pitch #1
8:43 - Sales Pitch #2
9:19 - Sales Pitch #3
10:18 - My Recommendation
------------
LINKS:
► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter
► Favorite Books: https://www.financialtortoise.com/bestbooks
DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
https://wn.com/Term_Vs._Whole_Life_Insurance_|_The_Best_Option_For_The_Sandwich_Generation
What type of life insurance should the "Sandwich Generation" buy? In this video, I break down the difference between term and whole life insurance. And I'll show you how to determine which one is going to work best for your specific situation.
Timecodes
0:00 - Intro
0:45 - Why Do You Need Life Insurance?
1:44 - Where to Start
2:26 - Term vs. Whole Life Insurance
3:41 - Don’t Get Hung Up On The Expiration Date
4:14 - How Much To Get?
4:28 - Make Sure To Shop Around
4:55 - Permanent Life Insurance - Whole Life or Universal Life Insurance
6:12 - Insurance Broker Commission
6:40 - Insurance Shouldn’t Be Investments
7:18 - This Gets Me Real Boiling
7:50 - Sales Pitch #1
8:43 - Sales Pitch #2
9:19 - Sales Pitch #3
10:18 - My Recommendation
------------
LINKS:
► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter
► Favorite Books: https://www.financialtortoise.com/bestbooks
DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
- published: 13 Jan 2022
- views: 33369