What Should I Do With My Whole Life Policy?

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[justintaylor-moneymindset]

Dave is always doing better than he deserves

[phantomtized]

I really like Dave because he’s not trying to get one over on people. He’s honest, Tell it like it is, and make sure you understand. God has blessed us with him.

[ronriesinger]

Sold our policies and invested the cash proceeds.

[joshf]

So glad to hear Dave’s life experiences along with his advice.

[vaishaliskaamble]

Thank you Dave. It feels amazing to pay dues. Thank to the universe for bringing this value to me. On BS 1 but small payments are making a huge huge difference .

[AverageJoeInvestor]

*GREAT VIDEO DAVE* | Yes, you’ve got to get rid of that whole life insurance policy. The ONLY reason you’d keep it open is IF you were no longer insurable. Otherwise, make sure you to term and use any cash value to pay off consumer debt then invest for the future! Great video Dave! 😎👍🏻👌

[mikeyseo]

Thanks for helping me before buying these scammy products

[ChrisInvests]

It's important for people to remember that you don't need life insurance if the assets left behind will replace your income 🤔

[douglbri]

She said she’s had it for about 6 years and she’s already paid all of her premiums. This could be a MEC. She may need to take that into consideration.

[robertspencer]

This is usually true but not always, there are some riders out there to let you keep your cash value but you pay even more. Mutually companies pay dividends into the policies but I still don't think it works for most people.

[ladyvignette]

HOW did this come up now? My insurance plan just sent me a "will you upgrade to Whole Life?" offer yesterday, and I had wondered if Dave had anything to say about it. o.O

[realbenhayen]

Just this afternoon I was looking at new trucks, wanting one. A sign from God with the posting of this video.

[DanielIles]

There are people still on YouTube trying to sell this garbage

[repenttoday]

Dave questions?
Can a student loan be forgiven after 25 years under the ICR plan?

[kevin]

Dave what do I think of universal life? 20 pay ( pay for 20 years and the interest pays the premium thereafter.)

[OEA]

When cashing or surrendering whole life, does it affect your taxes?

[JailayTV]

doesn't the beneficiary get the cash value as well? the only time they take the cash value out of the death benefit is if any cash value that you have an upaid loan on. Correct me if I'm wrong but I haven't seen anywhere where the cash value is just inherited by the insurer.

[paultohh]

If, as they claim, there are policies that exist where you do actually get your DB and cash value upon death, would that make this any better of a value proposition?

[thefinancialremodeler]

Hiw does he know what the caller needs? He seems like he just met her and already gave advice.

[retiredmanager]

It really depends on what the rates were when you bought the whole life policy. Hers going back 6 years isn’t much. But what were CD rates at most banks. .01% on some savings. 2 yr CD 1%.... but what happens when the term life policy ends and person is in older and in bad health. Suddenly term policies are $4k a year....