The Truth About Permanent Life Insurance

The Truth About Permanent Life Insurance

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[MSRDinMS]

I have been trying learn more about this thanks guys

[ssaini]

Great content as always! Keep it coming.

[rockystaatz]

In ten years you have a 1, 000, 000 dollar insurance policy and don’t care about inflation. Or you have 1, 000 if you don’t read the print. Mine went bankrupt almost before I made any payments. Check the company involved

[rscott]

2% of term policies are paid out in death claim. 100% of whole life policies pay a death claim. Term is the rental and needed during certain life segments for sure. Whole life is like buying a house you own it. At the end of the day the Best life insurance policy to have is the one in force the day you die. FYI the #1 purchaser of whole life insurance is Banks on officers of the Bank they love the guaranteed growth, tax advantages and they use it to fund employee benefits to the tune of million's .

[languagepassion-divulgata]

The problem with roth is that you cannot get the money out and cannot create wealth while you are still young. With LIRPs you can create wealth because you can withdraw money or better get a loan with a fixed interest rate on your own money. What is your worry? Paying for a death benefit you may not need? Don’t worry. Borrow some money and don’t pay it out, in the end you will see your death benefit reduced, that’s all. With term, you do not create wealth at all.

[andyk]

Bo, you’re comparing WLI to a Roth IRA when it should be compared to the fixed portion of the portfolio eg cash/bonds etc….I’m disappointed with this frequent aspect of the show that fails to put permanent LI in its correct place. Which part of the FOO might it come into then?