Why Is Term Insurance Better Than Whole Life Insurance?

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[@LuisluigiTexas]

Common. A credit card is not good ?? Give me a brake. I got 0% APR credit cards that I play with and because I have great credit. No annual fees. And if it wasn’t for those I couldn’t have grown my business. Never paid a penny in interest. The cards are not a problem. The problem are uneducated or irresponsible Spenders.

[@ednacunanan5068]

I bought a whole life policy in 1992 for 100k from Metlife fro $103.00 a month. After 15 years, my cash value is 39,000.00. I also have 9K dividends that I can cash out anytime. I have only paid 29,000.00 in premiums. I made 19K and had protection sine 1992. What are you taking about?....

[@ikrob]

Whole Life Insurance has left the chat.

[@Roslyn111]

The sad part is sitting with a senior citizen who realizes their term is about to expire and now they're too unhealthy & too poor to afford anything with permanent coverage. All those years of paying term insurance but then it drops off & cancels on them. It's heartbreaking.

[@paulbrungardt9823]

My boss was a very wealthy & financially successful man. He told me : " Anyone who comes to you to sell you something is there for THEIR benefit, not yours."

[@AdeshSoodeen]

The problem with a term life policy is that once it expires you may be too old to get another policy at a decent price. There are various types of policies including Universal Life where the death benefit increases with the cash value of the policy. This video is misleading because it does not take into account individual circumstances, higher fixed rates, and various riders. Speak to a broker to get the correct and complete information.

[@lgtvstick368]

I worked for New York Life in Tampa Bay, my job consisted on calling back beneficiaries to burst them the news that after paying to us premiums for possibly multiple decades, NYL's underwriters came to discover after the investigation that the insured had a health condition that was not disclosed at the time of signing the policy, and even though the commercial on tv that lured them to by the policy indicated that not medical exam was required, an undisclosed health condition wold be sufficient for any insurance company not to have to pay a single penny, I hated my job and quit because I could not longer be an accomplice on ripping people off their money! Life insurance companies are worse than car insurance!

[@joshuarohde3750]

Get with a proper company that is financially stable. Be fully educated on how whole life products work and function. They're the most flexible asset out there. Again, contingent upon the company you are with. There's not a lot of companies out there that can actually do what they claim whole life can do. Be educated. He's not wrong, but he's not right.

[@indisan1]

And that’s why i got my life insurance license with Primerica, and will never ever work for another company. I will never sell that crap to decent person, working and taking care of his/her family future. Buy term and invest the difference is the best way to go. It’s not easy to deal with some people who are afraid or misunderstand my company’s philosophy, but I feel very proud of myself and go to bed very confident I helped a family which the right product.

[@gregoryharris7174]

Buy term insurance and invest in a mutual fund along side your life insurance policy for the next 30 years at a 9% rate of return or higher, so when your term insurance expires, your retirement money is in the millions and you no longer have a need for life insurance because you are self insured now, see life insurance agents are one trick ponies and can only sell life insurance and can’t do investments for clients, so they convince a client that their whole life insurance is a good investment tool which that is completely wrong.

[@barttfisher]

Thinking about my retirement scares me.I apologize to everyone who is retired and filing social security after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

[@baxtermaxtor]

7:17

[@theawesomer8587]

I used to work in a call center for an insurance company. Day in and day out, we get phone calls saying, my father/mother paid thousands a year for this policy for decades and now they die and we only got 20 grand???

[@lee17graham]

I have learned more in this video than the past 10 years watching/listening to others...Thank you!

[@jkellyid]

Never could figure insurance. Dave's help in figuring this out has been financially revelatory.

[@casandralove6316]

I love the honesty and how educated he is. My coach educates and trains us daily and I am so grateful I work for a company that is truly for the ppl. Buy term and invest the difference! That's how you and your family WIN🎉❤😊

[@iliganoasmith5879]

I love the truth and I really appreciate you! Honesty to people life is the best policy! You right who cares wat they say about you! Atleast you are helping us poor, middle class people! Thanks for your honesty! 🙏🏼🕊️❤️

[@lasallemom1]

My argument for keeping or buying whole life for a child - the earliest you can buy it the better due to low payments. They can be $10-$20/month and that is the set price. If you are blessed with having a child who reachs their 20s or gets married you sign it over to them and most likely there are no payments that are needed. If in the time between when they could be insured and adulthood they found out about having cancer, deadly allergies, epilepsy, or they smoke like a chimney or skydive they at least have something. I really wanted to buy whole life for our children but didn't. We found out our youngest has a bad but allergy and possibly sports asthma making things possibly harder in the future for getting a good deal on term.

[@DeVaunToon]

This was a sign.. I literally had a meeting with someone about them tryna get me and my wife whole life insurance .... thanks Dave!

[@dennisreynolds6915]

I sell life insurance and I only sell Term life. The only time i sell whole life is if ive exhausted all efforts in swaying them to term. in 2019 I sold 90% term and 10% whole.