How To Use Life Insurance To Build Wealth | Anthony ONeal

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#LifeInsurance #WealthBuilding #Ethos

[DaveM-FFB]

Good advice Anthony. I've been married for 34 years, and I've had a term life policy for 34 years. Now I'm self insured as planned, and still kicking. My family never had to worry about their financial well being if I died unexpectedly. We made due with coverage of 5X income, because our net worth would have covered the other 5X income. The premiums also increase significantly in your 50s and 60s, so you may plan to reduce coverage as your net worth increases to keep the premiums affordable.

[ashleycavin]

Life insurance is so important ! I realized after my mom passed she had a small policy and we are thankful for that but it is very important to have enough to break generational curses!

[NathalieLazo]

This message is for someone who needs to hear this and will fully understand it... You are not define by your circumstance or your past. It’s not what happened to you that determines your success in life; it is how you deal with those circumstances that determines your success in life. You are strong, you are capable and practice forgiveness (Forgiveness is for you; forgive your parents or anyone whom we have chosen to hurt us, to begin the process of healing and freedom. Remember: Forgiveness is for you to be freed, healed and happy. It’s a RESET BUTTON) and practice gratitude everyday. This will change the course of your life forever. Love you always and I believe in you wholeheartedly no matter what ✨❤️ - Nat

[clewis]

Thank you so much for information on Ethos insurance never even heard of it. All I do is educate myself with the Bible and investment knowledge. Keep sharing your knowledge to help others. Be Bless.

[beebee]

Another thing is that some people accidentally rely on life insurance that is given as part of employment benefits.

Do Not rely on employment benefits. Get your own independent policy!! I know someone whose husband died suddenly at 37 leaving behind 3 kids. He had just started a new job and his benefits didn’t kick in yet. He left this earth with no life insurance. Wifey couldn’t even afford an autopsy. Lesson here is to make sure you have YOUR OWN policy, unrelated to your employment benefits.

[Iam_MsIcy]

Amazing advice, as a parent I want to make sure that my children are set not only while I’m here, but after I leave. I’m doing more research on how to build wealth with life insurance. I have policies on my entire family. Thanks for the info.

[dwayne]

Even though I already have coverage for my family, this has motivated me to increase it even more... Thank you..

[themasterteacher]

The 6 Ps
Proper Prior Planning Prevents Poor Performance‼️

[markf.]

I would not say that you need life insurance to "build" wealth. (That's what a whole life insurance salesman would say.) Insurance is not an investment in the traditional sense of the word. Buying insurance will not make you rich. It is an investment towards protecting the future of those (your family) who rely on you financially. I agree that it is selfish (or maybe ignorance) to spend money on youtself that should have been spent on life insurance if you are not already wealthy.

[caatherineaa]

Do we get life insurance even though we are aggressively paying down debt? Just wondering where you’d place it in priority

[TheForexApostle]

Very helpful to everyone, thanks for explaining this matter to us.

[millah]

What type of policy should we have? Whole life or Term?

[darlenebrown]

Everyone needs to have insurance even if you have no dependent, leave something for your family to bury you. Or do you want to leave that hardship on your love ones. It's hard enough to deal with the death, and to have to worry about how to bury you with no funds. That's not fair to the family. I'm single with no dependent, but I have coverage. Don't be selfish.

[jbeezy]

For me parents can get a Term and get your kids a IUL and max out monthly under 16 is around $40 or so month😁

[jbart]

I always get a kick when you get excited you start playing the piano on the table lol

[ladydemi]

I have more insurance than money!!! I love my family and won't see them suffer more than they have, too!!!

[teragordon]

Anyone who’s not investing now is missing a tremendous opportunity.

[DaveM-FFB]

Rule #1 - Don't be worth more dead than alive. Translation - Don't let life insurance turn you into a lottery ticket. Rule #2 - Get enough Term Life Insurance coverage for your dependents, to replace most of your income, should you die before your retirement years. Rule #3 - Create a financial plan to be self insured upon retirement.

[jdb]

Nobody depends on my income, so I'm not being selfish if I don't get life insurance.

[sharonkornegay-shaw]

You say PPP, in nursing it’s PIE, plan, implement, evaluate. I tell my son this all the time. I know I get on his nerves.😂