What is the Difference Between Term, Whole Life and Universal Life?

This is episode one of a twenty-one episode series entitled "Secrets To A Tax-free Retirement". If you are ready to generate an extra million dollars, this episode is for you! In this video, I will talk about why universal life benefits the living and discuss the difference between term, whole life, and universal life.

To your abundance!
Doug Andrew

Key Moments In This Episode
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01:35 Learn how to accumulate income - tax-free
03:32 The concept
04:40 The variations
06:12 Single premium life insurance
09:50 The five parties
11:39 Insurable interest

What To Watch Next
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How Does a Max Funded IUL Compare to Whole Life?

Did you love this video?
Want to learn more wealth and life empowerment lessons from Doug?
Here are some next steps!
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How to Diversify and Create the Foundation for a Tax-Free Retirement

How to Lead Your Family/Business from “ME” to “WE”

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Music
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Song: LiQWYD - Glow (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music

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Video by Nate Woodbury

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#3DimensionalWealth
#AbundantLiving

[aracelitalks]

YOU MAKE THIS INFORMATION EASY TO UNDERSTAND! THANK YOU!

[karthickentrepreneur]

Sir, This information is great. Absolute gold

[remzupd]

Wow, this is gold informations ! thanks

[ellaestaterealty]

My boyfriend is in insurance. I'm going to be able to understand his conversation so much better. Thanks for the information. Excited for the series!

[Just_forfun]

You are very good in teaching the differences, i.e. if they listen to you without blinking an eye and without a wandering mind ! However, one can replay the recording if they missed anything.

[Traslashuellas]

Thanks for sharing this powerful information Doug, Im your fan and you are my mentor. I’ve been a year in a half in this industry, started offering IUL to my clients.

Houston Texas
God bless

[TD_t_dickens]

My accountant tried to get me into that insurance. I thought it was a scam or she gets big percentage off of me, setting me up. How can I assure I’m doing the right thing and not getting scammed?

[pheotonia]

I'm on Chapter 8 of the LASER FUND book!

[Just_forfun]

If life insurance is used for retirement purpose only for income or pension (by giving up a chunk of money up front ), and have no beneficiaries to pass it to, and the owner is self, is it possible to get a bigger monthly check from it? In other words is it better than an income annuity.

[christitunal]

Would this be a wise thing to do for my children? Get them a whole life policy right now so that they have a high value as adults? I am more concerned about setting my children up for the future

[UnaVidaSinExcusas]

How can one put $100, 000 into the policy when the insurance company will not let you do that. I really want to know.

[treesamichael]

Andrew, you are forgetting the fact that very few 30 or 40 yr old have or even or even 50000 to pay a single premium.

[braydanforestell]

Great video here, something for you to remember is to always implement term insurance because you don’t need insurance forever. The goal is to be financially independent not live off of your insurance policy that most likely will lapse before you’ve even got time to use it.

[priscillajimenez]

According to AJ Sheff, LASER Fund isn't the best way to go.

[firstlast]

What is the difference between indexed universal life and a fixed indexed annuity (FIA)? They appear to be the same.