How To Calculate The IRR Of Life Insurance

We'll be looking at The Internal Rate Of Return Of Whole life Insurance which is the ACTUAL ROR a lot of agents won't show you.
#wholelifeinsurance #lifeinsurancepolicy #lifeinsuranceagent

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Caleb Guilliams
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[boozhixuan]

Can you do an explaination on how to calculate IRR of life insurance?

[kevbew]

The insurance broker that advertises on Dave Ramsey's show constantly doesn't even sell permanent products. People need to understand that everything Dave Ramsey says on his show is in some way benefiting him. In this case, he's referring listeners to financial planners that have an agreement with him where he gets a referral fee and an insurance broker that has a similar arrangement to buy term insurance. Best of all worlds for Dave Ramsey.

[zykeirhogan-upfn]

Hey, My name is Zykeir Hogan I’m a Life insurance agent looking to help my clients out with becoming their own bank I was just wondering what companies would you recommend I partner/contract with to get the best results for my clients

[markf.]

Several problems here. First, the IRR is not the only factor. Fees and commissions eat into your cash value savings to give you a break even period of about 7 years. Effective interest rates end up being 1.5% on average. The other problem is the false equivalence of your money in a cash value compared to a savings account. One is real money you can just take and spend, the other is money you can only borrow against and will lose 100% when you pass. You are told that whole life insurance is so much more expensive than term because it ALSO comes with this great cash value savings benefit. But when you pass, that savings benefit is confiscated by the insurance company and your heirs get ONLY the death benefit. Oh, but you are paying so much more now so that you can still be protected when you die at the age of 95! Ask yourself if you think you will still need life insurance at 95. Ask yourself if it is worth PAYING $$$ for life insurance at 95. Now, also consider that about 80% of whole life policy holders surrender their policies early. Still think it is a good "investment?"