-
Whole life Insurance Explained | Investment or Scam?
Since the end of World War 2, whole life insurance was the most popular insurance product out there. Families using whole life insurance policies found financial stability and sufficient retirement funding when losing their loved ones. People even used whole life insurance as an investment method at that time since it would secure annual dividends.
Nonetheless, in 1982, the Tax Equity and Fiscal Responsibility Act (TEFRA) passed in the US was the biggest tax increase in U.S. history. This made people turn their attention to the stock market which accounted for inflation on an annual basis. For instance, the S&P 500 was adjusted for inflation with an amount of 14.76% in 1982 and 17.27% in 1983. Unlike the insurance companies which provided rather fluctuating interest rates that did not acc...
published: 25 Dec 2020
-
Is Whole Life Insurance Ever A Good Idea?
Is There Ever A Good Situation For 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
Ramsey Solutions YouTube Channels (Subscribe Now!)
• The Dave Ramsey Show (Highlights): https://www.youtube.com/c/TheDaveRamseyShow?sub_confirmation=1
• The Dave Ramsey Show (Live): https://www.youtube.com/thedaveramseyshowlive?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• Christy Wright: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• Anthony ONeal: https://www.youtube.co...
published: 14 Nov 2019
-
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
-
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
-
How To Use Whole Life Insurance To GET RICH (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/@WealthNationS...
published: 16 Jun 2023
-
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
-
Why Dave Ramsey HATES Whole Life Insurance!
The Difference Between Term vs Whole Life Insurance: https://ter.li/wapar0
Shop For Term Life Insurance You Can Trust: https://ter.li/1grp0i
💵 Create Your Free Budget! Sign up for EveryDollar ⮕ https://ter.li/6h2c45
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📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message https://ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ https://ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ https://ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ https://ter.li/2u3mc0
💰 George Kamel ⮕ https://ter.li/1elws8
💡 The Rachel Cruze Show ⮕ https://ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ https://ter.li/1rbjr2
📈 EntreLeader...
published: 07 Dec 2022
-
The Whole Life Insurance Scam - What Salesmen Won't Tell You
Whole life insurance is the most misleading investment or "tool" I've ever seen in my life. It's essentially a scam.
The commissions are sky-high, usually around one year of premiums.
It's absurdly complicated so as to be impossible to understand your true return on investment.
You get locked into a high payments that are hard to get out of for most or your life, and the returns are horrible.
If you do get out of the policy (most people end up cancelling) there are possibly penalties and tax consequences.
You get tricked into thinking that borrowing on your cash value is some kind of amazing benefit.
It's not.
I'll tell you why.
I talk about the benefits whole life insurance salesmen will "sell" to you, and then the truth behind each one.
If you are a whole life insuranc...
published: 03 Apr 2021
-
Webinar on Internal Audit of Life Insurance Companies
Webinar on Internal Audit of Life Insurance Companies
Monday, October 7, 2024 Time :4:00 PM - 6:00 PM
published: 15 Oct 2024
-
The TRUTH About Whole Life Insurance (What Salesman WON'T Tell You!) | Wealth Nation
Find out all the details of whole life insurance before you get your next policy.
🔥 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
===========================
⚡Start a Life Insurance Policy? Complete our new client application
https://bit.ly/WN-New-Client
===========================
Watch This Next:
===========================
Whole Life Insurance vs Universal Life Insurance: Which is Better?
https://youtu.be/da4sLQtmquY
===========================
Subscribe to our channels:
===========================
https://www.youtube.com/@WealthNation
https://www.youtube.com/@WealthNationShorts
===========================
Connect...
published: 04 Jun 2023
9:01
Whole life Insurance Explained | Investment or Scam?
Since the end of World War 2, whole life insurance was the most popular insurance product out there. Families using whole life insurance policies found financia...
Since the end of World War 2, whole life insurance was the most popular insurance product out there. Families using whole life insurance policies found financial stability and sufficient retirement funding when losing their loved ones. People even used whole life insurance as an investment method at that time since it would secure annual dividends.
Nonetheless, in 1982, the Tax Equity and Fiscal Responsibility Act (TEFRA) passed in the US was the biggest tax increase in U.S. history. This made people turn their attention to the stock market which accounted for inflation on an annual basis. For instance, the S&P 500 was adjusted for inflation with an amount of 14.76% in 1982 and 17.27% in 1983. Unlike the insurance companies which provided rather fluctuating interest rates that did not account for inflation.
Today, 59% of people living in the US pay for life insurance. It is seen as a contemporary investment tool that is protected from the potential collapse of the stock market. We will be discussing this a bit more later in this video and will run the numbers to measure the effectiveness of using whole life insurance as an investment tool.
Whole life insurance provides the insured party with some peace of mind when it comes to the continuity of their families' financial stability and overall well-being in exchange for level, regularly paid premium payments.
It spans over the entire lifetime of the insured party and does not have an expiry date.
Whole life insurance is made of three components. These are premiums, death benefit, and cash value. So premiums are what you pay every month for whole life insurance. This is amount is flat and it does not change throughout the lifetime of the insured party in exchange for what is known as the death benefit. The death benefit is received by the insurance beneficiaries which are typically the family members of the insured party. Yes, it's called death benefit because the policy beneficiaries receive this amount when you are dead. For instance, this can amount to $500,000, or some people even opt-in for bigger amounts based on their financial capabilities.
When premiums paid into your whole life policy matches the death benefit, it is considered to have reached its maturity date. Typically, insurance companies design policies to mature when you turn 100, but some recent policies even extend the maturity date to age 120.
The third component is the cash value which is sometimes referred to as a living benefit. Part of the premiums you pay goes to building up the cash value which you receive dividends on. This is what makes whole life insurance different from other types of life insurance such as the term life. During the first 10 to 20 years of coverage, a whole life insurance policy's cash value is quite small, due to fees and the cost of coverage. The insured party should receive around 10% dividends on the cash value only but when deducting all the insurance companies administrative fees and commissions, the insured end up with dividends around 2.2% as reported by the consumer reports organization.
The cash value of your whole life insurance policy will not be taxed while it's growing. This is known as “tax deferred,” and it means that your money grows faster because it's not being reduced by taxes each year.
Nonetheless, the cash value can be accessed by the insured party in case of canceling or surrendering the policy and losing the death benefit. Many insurance policies feature a withdrawal clause that would allow the insured party to cancel the policy. A cheque will be given with the amount of the accumulated cash value.
The policyholders can also take a loan from this cash value without taxation instead of taking it from a bank which is known as Infinite Banking. It is not a loan from the cash value though.
Cash withdrawals are also considered an option to access the built-up cash value of the whole life insurance policy but are limited to the amount specified in the terms of the insurance policy. When exceeding the set amount, these cash withdrawals may end up reducing the death benefit that is received by the policy beneficiaries.
So, what do you think? Would you go for whole life insurance? Please let us know in the comments below.
------- Contents of This Video -------
00:00 - Introduction
00:54 - Whole Life Insurance History
01:20 - Tax Equity & Fiscal Responsibility Act (TEFRA)
02:10 - What is Whole Life Insurance?
02:44 - Whole Life Insurance Premiums
02:57 - Whole Life Insurance Death Benefit
03:36 - Whole Life Insurance Cash Value
04:05 - Investment and Dividends
04:51 - Withdrawal
05:09 - Loan and Interest Rate
05:57 - Example
06:37 - Scam / Rip off
07:25 - Family and Business
Websites:
https://www.prudential.com/
https://www.statefarm.com/
https://www.newyorklife.com/
https://www.northwesternmutual.com/
https://www.transamerica.com/individual/
https://www.mutualofomaha.com/
https://www.usaa.com/?akredirect=true
https://wn.com/Whole_Life_Insurance_Explained_|_Investment_Or_Scam
Since the end of World War 2, whole life insurance was the most popular insurance product out there. Families using whole life insurance policies found financial stability and sufficient retirement funding when losing their loved ones. People even used whole life insurance as an investment method at that time since it would secure annual dividends.
Nonetheless, in 1982, the Tax Equity and Fiscal Responsibility Act (TEFRA) passed in the US was the biggest tax increase in U.S. history. This made people turn their attention to the stock market which accounted for inflation on an annual basis. For instance, the S&P 500 was adjusted for inflation with an amount of 14.76% in 1982 and 17.27% in 1983. Unlike the insurance companies which provided rather fluctuating interest rates that did not account for inflation.
Today, 59% of people living in the US pay for life insurance. It is seen as a contemporary investment tool that is protected from the potential collapse of the stock market. We will be discussing this a bit more later in this video and will run the numbers to measure the effectiveness of using whole life insurance as an investment tool.
Whole life insurance provides the insured party with some peace of mind when it comes to the continuity of their families' financial stability and overall well-being in exchange for level, regularly paid premium payments.
It spans over the entire lifetime of the insured party and does not have an expiry date.
Whole life insurance is made of three components. These are premiums, death benefit, and cash value. So premiums are what you pay every month for whole life insurance. This is amount is flat and it does not change throughout the lifetime of the insured party in exchange for what is known as the death benefit. The death benefit is received by the insurance beneficiaries which are typically the family members of the insured party. Yes, it's called death benefit because the policy beneficiaries receive this amount when you are dead. For instance, this can amount to $500,000, or some people even opt-in for bigger amounts based on their financial capabilities.
When premiums paid into your whole life policy matches the death benefit, it is considered to have reached its maturity date. Typically, insurance companies design policies to mature when you turn 100, but some recent policies even extend the maturity date to age 120.
The third component is the cash value which is sometimes referred to as a living benefit. Part of the premiums you pay goes to building up the cash value which you receive dividends on. This is what makes whole life insurance different from other types of life insurance such as the term life. During the first 10 to 20 years of coverage, a whole life insurance policy's cash value is quite small, due to fees and the cost of coverage. The insured party should receive around 10% dividends on the cash value only but when deducting all the insurance companies administrative fees and commissions, the insured end up with dividends around 2.2% as reported by the consumer reports organization.
The cash value of your whole life insurance policy will not be taxed while it's growing. This is known as “tax deferred,” and it means that your money grows faster because it's not being reduced by taxes each year.
Nonetheless, the cash value can be accessed by the insured party in case of canceling or surrendering the policy and losing the death benefit. Many insurance policies feature a withdrawal clause that would allow the insured party to cancel the policy. A cheque will be given with the amount of the accumulated cash value.
The policyholders can also take a loan from this cash value without taxation instead of taking it from a bank which is known as Infinite Banking. It is not a loan from the cash value though.
Cash withdrawals are also considered an option to access the built-up cash value of the whole life insurance policy but are limited to the amount specified in the terms of the insurance policy. When exceeding the set amount, these cash withdrawals may end up reducing the death benefit that is received by the policy beneficiaries.
So, what do you think? Would you go for whole life insurance? Please let us know in the comments below.
------- Contents of This Video -------
00:00 - Introduction
00:54 - Whole Life Insurance History
01:20 - Tax Equity & Fiscal Responsibility Act (TEFRA)
02:10 - What is Whole Life Insurance?
02:44 - Whole Life Insurance Premiums
02:57 - Whole Life Insurance Death Benefit
03:36 - Whole Life Insurance Cash Value
04:05 - Investment and Dividends
04:51 - Withdrawal
05:09 - Loan and Interest Rate
05:57 - Example
06:37 - Scam / Rip off
07:25 - Family and Business
Websites:
https://www.prudential.com/
https://www.statefarm.com/
https://www.newyorklife.com/
https://www.northwesternmutual.com/
https://www.transamerica.com/individual/
https://www.mutualofomaha.com/
https://www.usaa.com/?akredirect=true
- published: 25 Dec 2020
- views: 102074
7:08
Is Whole Life Insurance Ever A Good Idea?
Is There Ever A Good Situation For Whole Life Insurance?
Don’t waste money on whole life insurance. Get a term life policy today: http://bit.ly/2CmkuN1
Visit t...
Is There Ever A Good Situation For 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
Ramsey Solutions YouTube Channels (Subscribe Now!)
• The Dave Ramsey Show (Highlights): https://www.youtube.com/c/TheDaveRamseyShow?sub_confirmation=1
• The Dave Ramsey Show (Live): https://www.youtube.com/thedaveramseyshowlive?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• Christy Wright: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• Anthony ONeal: https://www.youtube.com/user/aonealministries?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1
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/Is_Whole_Life_Insurance_Ever_A_Good_Idea
Is There Ever A Good Situation For 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
Ramsey Solutions YouTube Channels (Subscribe Now!)
• The Dave Ramsey Show (Highlights): https://www.youtube.com/c/TheDaveRamseyShow?sub_confirmation=1
• The Dave Ramsey Show (Live): https://www.youtube.com/thedaveramseyshowlive?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• Christy Wright: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• Anthony ONeal: https://www.youtube.com/user/aonealministries?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1
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: 14 Nov 2019
- views: 128669
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: 900853
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
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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: 707818
8:06
How To Use Whole Life Insurance To GET RICH (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.
===========================
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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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3 Investments You Need For The Next 100 Years
https://youtu.be/o29ff5XdG7c
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===========================
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_(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:
===========================
3 Investments You Need For The Next 100 Years
https://youtu.be/o29ff5XdG7c
===========================
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: 69353
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: 53689
9:23
Why Dave Ramsey HATES Whole Life Insurance!
The Difference Between Term vs Whole Life Insurance: https://ter.li/wapar0
Shop For Term Life Insurance You Can Trust: https://ter.li/1grp0i
💵 Create Your Free...
The Difference Between Term vs Whole Life Insurance: https://ter.li/wapar0
Shop For Term Life Insurance You Can Trust: https://ter.li/1grp0i
💵 Create Your Free Budget! Sign up for EveryDollar ⮕ https://ter.li/6h2c45
📱Download the Ramsey Network App ⮕ https://ter.li/ajeshj
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📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message https://ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ https://ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ https://ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ https://ter.li/2u3mc0
💰 George Kamel ⮕ https://ter.li/1elws8
💡 The Rachel Cruze Show ⮕ https://ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ https://ter.li/1rbjr2
📈 EntreLeadership ⮕ https://ter.li/ktxv2k
Ramsey Solutions Privacy Policy
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https://wn.com/Why_Dave_Ramsey_Hates_Whole_Life_Insurance
The Difference Between Term vs Whole Life Insurance: https://ter.li/wapar0
Shop For Term Life Insurance You Can Trust: https://ter.li/1grp0i
💵 Create Your Free Budget! Sign up for EveryDollar ⮕ https://ter.li/6h2c45
📱Download the Ramsey Network App ⮕ https://ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ https://ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message https://ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ https://ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ https://ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ https://ter.li/2u3mc0
💰 George Kamel ⮕ https://ter.li/1elws8
💡 The Rachel Cruze Show ⮕ https://ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ https://ter.li/1rbjr2
📈 EntreLeadership ⮕ https://ter.li/ktxv2k
Ramsey Solutions Privacy Policy
https://www.ramseysolutions.com/company/policies/privacy-policy
- published: 07 Dec 2022
- views: 314719
11:23
The Whole Life Insurance Scam - What Salesmen Won't Tell You
Whole life insurance is the most misleading investment or "tool" I've ever seen in my life. It's essentially a scam.
The commissions are sky-high, usually a...
Whole life insurance is the most misleading investment or "tool" I've ever seen in my life. It's essentially a scam.
The commissions are sky-high, usually around one year of premiums.
It's absurdly complicated so as to be impossible to understand your true return on investment.
You get locked into a high payments that are hard to get out of for most or your life, and the returns are horrible.
If you do get out of the policy (most people end up cancelling) there are possibly penalties and tax consequences.
You get tricked into thinking that borrowing on your cash value is some kind of amazing benefit.
It's not.
I'll tell you why.
I talk about the benefits whole life insurance salesmen will "sell" to you, and then the truth behind each one.
If you are a whole life insurance salesmen, I hope we can still be friends.
Rich on Money
https://wn.com/The_Whole_Life_Insurance_Scam_What_Salesmen_Won't_Tell_You
Whole life insurance is the most misleading investment or "tool" I've ever seen in my life. It's essentially a scam.
The commissions are sky-high, usually around one year of premiums.
It's absurdly complicated so as to be impossible to understand your true return on investment.
You get locked into a high payments that are hard to get out of for most or your life, and the returns are horrible.
If you do get out of the policy (most people end up cancelling) there are possibly penalties and tax consequences.
You get tricked into thinking that borrowing on your cash value is some kind of amazing benefit.
It's not.
I'll tell you why.
I talk about the benefits whole life insurance salesmen will "sell" to you, and then the truth behind each one.
If you are a whole life insurance salesmen, I hope we can still be friends.
Rich on Money
- published: 03 Apr 2021
- views: 122871
2:08:37
Webinar on Internal Audit of Life Insurance Companies
Webinar on Internal Audit of Life Insurance Companies
Monday, October 7, 2024 Time :4:00 PM - 6:00 PM
Webinar on Internal Audit of Life Insurance Companies
Monday, October 7, 2024 Time :4:00 PM - 6:00 PM
https://wn.com/Webinar_On_Internal_Audit_Of_Life_Insurance_Companies
Webinar on Internal Audit of Life Insurance Companies
Monday, October 7, 2024 Time :4:00 PM - 6:00 PM
- published: 15 Oct 2024
- views: 91
17:24
The TRUTH About Whole Life Insurance (What Salesman WON'T Tell You!) | Wealth Nation
Find out all the details of whole life insurance before you get your next policy.
🔥 Get Our FREE TRAINING, The Living Benefits of Life Insurance ➡️ https://bit...
Find out all the details of whole life insurance before you get your next policy.
🔥 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
===========================
⚡Start a Life Insurance Policy? Complete our new client application
https://bit.ly/WN-New-Client
===========================
Watch This Next:
===========================
Whole Life Insurance vs Universal Life Insurance: Which is Better?
https://youtu.be/da4sLQtmquY
===========================
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.
===========================
⏰ Timecodes ⏰
===========================
00:00 Introduction
01:05 What is Term Insurance
03:23 Convertible Term Insurance
04:17 What is Whole Life Insurance
05:29 Cash Value Whole Life Insurance
07:58 Buy Term and Invest the Difference
08:44 Use Cash Value To Invest
10:13 Term & Whole Life Comparison
12:55 Death Benefit should Increase with your Income
14:00 What happens if I get a terminal Illness?
14:29 How Do Wealthy People buy Life Insurance?
16:05 Conclusion
===========================
About:
===========================
Whole life insurance is a financial product that often sparks both curiosity and debate. Is it a smart investment or a financial trap? What are the pros and cons that you should be aware of? We've got you covered.
Our goal is to provide you with the knowledge you need to evaluate whole life insurance objectively and make the best decision for your financial future.
If you appreciate our dedication to financial education, please give this video a thumbs up, subscribe to our channel for more insightful content, and hit the notification bell to stay informed about our latest releases. Share your thoughts and questions in the comments below, and our team will be here to assist you.
Thank you for choosing our channel as your reliable source for financial clarity. Let's demystify whole life insurance together and make confident financial choices!
https://wn.com/The_Truth_About_Whole_Life_Insurance_(What_Salesman_Won'T_Tell_You_)_|_Wealth_Nation
Find out all the details of whole life insurance before you get your next policy.
🔥 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
===========================
⚡Start a Life Insurance Policy? Complete our new client application
https://bit.ly/WN-New-Client
===========================
Watch This Next:
===========================
Whole Life Insurance vs Universal Life Insurance: Which is Better?
https://youtu.be/da4sLQtmquY
===========================
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.
===========================
⏰ Timecodes ⏰
===========================
00:00 Introduction
01:05 What is Term Insurance
03:23 Convertible Term Insurance
04:17 What is Whole Life Insurance
05:29 Cash Value Whole Life Insurance
07:58 Buy Term and Invest the Difference
08:44 Use Cash Value To Invest
10:13 Term & Whole Life Comparison
12:55 Death Benefit should Increase with your Income
14:00 What happens if I get a terminal Illness?
14:29 How Do Wealthy People buy Life Insurance?
16:05 Conclusion
===========================
About:
===========================
Whole life insurance is a financial product that often sparks both curiosity and debate. Is it a smart investment or a financial trap? What are the pros and cons that you should be aware of? We've got you covered.
Our goal is to provide you with the knowledge you need to evaluate whole life insurance objectively and make the best decision for your financial future.
If you appreciate our dedication to financial education, please give this video a thumbs up, subscribe to our channel for more insightful content, and hit the notification bell to stay informed about our latest releases. Share your thoughts and questions in the comments below, and our team will be here to assist you.
Thank you for choosing our channel as your reliable source for financial clarity. Let's demystify whole life insurance together and make confident financial choices!
- published: 04 Jun 2023
- views: 79977