Term Life Insurance Better Than Whole Life?

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[myriadcorp]

All you need is term. If you save your whole life by the time the term is over you should be a millionaire and not need life insurance.

[lisamedlin]

Love your videos and clips. Such easy explanations of insurance. I am thankful I found your book and all of your resources. Keep them coming. 😊👊🏻

[ADailyDoseOfGrace]

I needed this. This channel is the most informative on YouTube. Changing my families entire life.

[sampossible]

Dave, you are a life saver! Great advice and honest opinion. Love all your videos. You just gained a new subscriber! 😬

[cmills]

Thanks Dave, I appreciate the run down, this stuff gets confusing. I thought you got the cash value plus the coverage until watching this. Good to know because when you don't it just does not make sense to go with whole life. I am covered well with term life insurance, so I am better off in the next 20 years before I retire investing the money that I would put in a whole life policy into bonds or a good mutual fund and getting a decent rate of return. Thanks again!

[louisbouchard]

This is interesting because about 3 - 4 years ago as I was setting up an umbrella policy (I did that early because I live in a community with an insane number of registered nurses and doctors who make 6 figure salaries), my insurance agent tried to sell me whole life as a way to minimize risk. In other words, even the courts admit that any cash value in a whole life policy is not your asset. I politely said no and left his office. If we continued to push it, I would have moved all of my policies to a different company.

That said, fast forward to today, I can at least tell him that he will not be able to underwrite life insurance on me at any price now due to a cancer scare 2 years ago. I got a small term policy before the cancer to pay off my mortgage and bury me and that is all I need since I am single and any funds needed to take care of my cat is dealt with in my will.

[jeraldkonkel]

I just got term life insurance for me and my son, I had to convince my wife that whole life sucks. All I had to do is argue against the numbers, the numbers don't lie

I got a term life with a return of premium rider. So all my premiums I payed are returned to me if I outlive the term, or it goes back to my wife if I die.

[carlossaavedra]

All you need is Term life insurance. But dont forget to invest the difference in a great diversified portofolio for the long term.

[reeree]

im so grateful for u and talking about this topic. im finally getting a policy for my 60 yo mom. its sad that i could lose her one day but i dont want my brothers and i to have to worry about funeral cost etc when the time comes. and this gave me so much info because i was going to get whole life. now term life is the way im going

[NAT-turners-Revenge]

Been doing research for a few weeks 😂 glad i watched this.

[MrStarofTruth]

mine was cancelled when the insurance company found out i have leukemia .i paid on the policy for 10 years they wanted to renew it because i turned 50 . they found out about the cancer and that was it.

[jillstover]

Whole life is robbery, the agent pushing that is a pos

[KiloPKilo]

I understand what he's saying about cash value life insurance in general being a rip off but about the Bank On Yourself strategy? Could someone comment on this?

[taxfreemovebybillconrad]

Dave, Great advice. What type of microphone are you using? Your voice sounds really good.

[podcastershome]

Your sound is excellent and you have very good video! What are you using for a camera?

[NaturalyUnica]

Thank you so mich for your advise. I thought i need whole life, but no insurance will give to my family if i die?

[hamishgrason]

Hey Mr. Ramsey could you do a video on your views on IULs (Indexed universal life)

[randallhoover]

Two professional financial advisors I went to stated to stay away from whole/universal life and stated Dave is "correct." Yet, my insurance pressed me for the whole life as a "must do." Interesting! I am very upset my insurance agent was taking care of himself. He's no longer my insurance agent.

[moeflaherty]

Thank you for the information. Glad I found your site. Trying to leave something for my daughter.

[pressurewashingandhoodcleaning]

I have life ins. For 150, 000.00 but if i get sick with cancer i can borrow money from there. For meds. And my son is cover with 10, 00p automatically. What ur opinion please?