Life Insurance as an Investment - Dave Ramsey Rant

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[jokelang]

Thank you Mr Dave for this information. Basically, Investment by itself. Insurance by itself. Never mix it together.

[njlifeandhealth]

We've had people come to us with whole life policies where they've paid hundreds of thousands in premiums and have $0 cash value left over. It's almost never worth it

[xavier]

Im an insurance agent. I always sell a 20 year term with living benefits as long as the person qualifies. I let them know, is not an investment, is a protection of your income in case you get terminally ill. Average pay is around $250 a month for $200k life insurance, and over $300k in living benefits.

[Clarence_Stinson]

Having term life insurance is better than not having life insurance and you're begging people for money on a GoFundMe account to bury a deceased loved one.

[colombvj]

Thank you I almost got a whole life insurance policy for investment purposes. I’m glad I saw this video before I signed anything. You have a new follower and subscriber. Look forward to learning more.

[evazquez]

Whole life insurance is a financing mechanism and can be used to fund living expenses, debt repayments, major purchases, and alternative investments like real estate. An even bigger pro, are the mutual life insurance companies that are non direct recognition where the cash value earns dividends even while borrowing against the policy. The accessibility of money while earning interest is what separates a whole life policy from a 401k and a Roth IRA. It’s very difficult to access money in a 401k without getting penalized and with a Roth IRA, the moment contributions are withdrawn, the money stops earning interest. I do agree with Dave’s point about switching to term insurance when it comes to maximizing death benefit. If the goal is to obtain maximum death benefit coverage, than term is the way to go. If the goal is to create a more efficient financing system where dollars are recycled and recaptured, then incorporating a whole life policy (preferably one that is front loaded such as an early cash value or 10 pay policy) in a financial plan can be very beneficial and offer individuals more flexibility and control over their money. The purpose for my comment is strictly for discussion and education only. This is not financial advice.

[sergiozamorano]

When it sounds too good to be true check twice

[thompsonlover]

You should call these Dave Rantsey's

[maddenfan]

How about disability income insurance?would you recommend this if your work offers you only 60% of your income or less???

[azteca]

My mother is 75 yrs old. She never had ANY life insurance. What she did 15 yrs ago, she paid for her funeral expenses. That's the best thing you could leave your family. Unless your kids are minors. I would go with term insurance for 20 yrs. And then pay for your funeral expenses

[ngreat]

"Grotesque" @ 6:17 had me rotfl 😅😅😅
The absolute disgust is hilarious

[murdock]

I have basic term life insurance through Prudential paid for by my job. Pays 2X my annual salary but my job also offers basic supplemental that you can choose to pay for as well and it pays up to 10X my annual salary. I've been wondering if I should start paying for the supplemental or just call it a day with the insurance my job already pays for? The only thing I don't like is that it cuts off at 85 so if I day at 86 my family gets nothing. That's why I've been looking around at these videos to see what I should do.

[kevinbeeken]

Nationwide is no longer a captive company they allow independent agencies to sell their insurance. Also the last time I checked all Insurance companies do huge marketing campaigns.

[briannacc]

So Dave after a 20 year level term if you are 35 what do you get then? Renew or go self insured?

[robmartin]

Reality most term either cancels or never pays out death benefit...

[antiWhiteism]

@theramseyshow --- How does life assurance compare to whole life insurance or just investing and saving?

[jessicasam]

As a busy person, investing and getting returns was all I ever wanted so I could still retain my job. Although I never believed at the first then after my cash out of $9, 755 I don’t need new evidence

[oliverirving]

Anyone who tells you that life insurance is a good investment lied to you. It doesnt matter how good they make it sound because it is a horrible idea overall. The only people who are benefiting from it are the people up top of the company that is selling it to you. People who sells life insurances are the only ones who tells you that it is a good investment.

[KevsGuide]

Hi Dave, i love your channel and contected however in this case, I dont know what the situation is in the US, but in Canada it is NOT like what you are saying here Dave. We work for an independent brokerage and can sell policies from 6 major companies. We can sell any type of plan. We run illustrations looking at all the different plans, and Insured Retirement Plan beats everything else hands down.


Term is cheap when you are your but of course gets more and more expensive as you age. With IRP the investment fund grows and eventually you dont even need to pay for insurance anymore because it becomes self funded. In some cases, 6 years of payment will result in life time insurance.


If the fund value is higher than the face amount at death, the higher amount is paid out, not just the face amount like you said. But again this is in Canada.

[Phyllyps-Levine]

I just went to Zander and applied for term life.