How to Pick the Perfect Term Life Insurance Policy

How to Pick the Perfect Term Life Insurance Policy

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[macstevens]

Can you do a series talking about the tax impact of leaving a legacy amount in life insurance versus a legacy amount out of an estate or brokerage/investment account? The tax implications could be super helpful for people to understand!

[miabecky]

*IN ANY MARKET, IN ANY COUNTRY, THERE ARE *DEVELOPERS WHO MAKE MONEY . SO I SAY ALL OF THIS DOOM AND GLOOM, BUT THERE WILL ALWAYS BE PEOPLE WHO MAKES MONEY, BECAUSE PEOPLE ALWAYS WANT MONEY* .

[ToopidPonay]

This video was so helpful, thank you!! Exactly the insights I needed to hear.

[VI-theseventhsector]

you sould do one of these videos but for investing your money. . because there are so much out there that i get lost all the time and have no idea whats good and what bad, whats safe and whats going to steal my money. . .etc. .

[Jack]

You describe fixed term policies -- 20 year, 30 year, etc. If you really want to minimize your insurance payment when you are younger, then look at "annually renewable term" life insurance. This is dirt cheap when you are young like this couple at 26. But then the insurance premium increases each year as you get older. Increases are minimal in your 20's and 30's, start noticeable increases in 40's and 50's, then exponential increases in 60's and 70's -- by which time you should be self-insured anyway and not need life insurance.

[LeePrestige]

Thanks for the fantastic content. A great question was posed in this video around timestamp 3:49 about what to consider if you ladder your insurance by getting some insurance in your 20’s, with a chance you won’t be as healthy when you seek additional insurance in your 30’s or 40’s. Did I overlook the response to that?

[Ashley-idcb]

Any recommendations for independenr insurance companies?

[farmerbrett]

Can you guys discuss whole life vs term?

[JakeSpradlin]

Sounds like Bo worked at Northwestern Mutual.. I interned there as well in college and it made me hate the whole life insurance industry. I “met” with people since I was using the internship as a college credit, but always told them to not buy this plan. Those “financial planners” are goofballs dressed up in pretty suits trying to act like real financial planners, such as Brian and Bo.

[hilariohernandez]

With my company, I would go with a 35 year term. After 35 years they'll be 61. Before 61 they can convert to decreasing term with no requirement of insurability regardless of health. The premium will remain the same but the coverage will be much less. But by that age their responsibilities will be less, house paid off, kids are grown, etc.

[bre.j]

If a 30 year term life insurance policy for X amount is cheaper than a 20 year term life insurance policy, cant you buy a 30 year policy and cancel at 20 years?

[wittleMermaid]

Hey, did you guys get 222k subbers on 2/22/22 Twosday?!