Did you know that life insurance is for a lot more than dying? Here are 3 benefits of life insurance that Dave Ramsey doesn’t want you to know about
3 SHOCKING Life Insurance Benefits You May Never Heard Of
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42 thoughts on “3 Shocking Benefits of Life Insurance Dave Ramsey Doesn't Want You to Know About”
He is not talking about you borrowing from your whole life.
You earn dividentds ( interest) on money you have paid in as many nthly premiums.
By the time i have paid $30000, i will only have a cash value of about five grand.
The dividends is not profit, but i will check it out
Have a lawyer explain disclosures that they have you sign, which can contradict thru your confusion over what they are selling you.
And you will notice the agent does not print only signs his name where i cannot read.
What about tax advantage???
Anybody know any good insurance companies to do this with?
Do they even allow you to do this in the UK
If you don't have money to invest in Real Estate. Don't invest in real estate! Almost everything he says in this clip has a ton of different risks. Before you become a YouTube expert consult a trustworthy advisor. If you want to invest in real estate talk to people who have done it well, or property management companies. If you want to buy life insurance consult a trusted financial consultant to understand the product from a financial point of view.
You can do most of the same with a 403B….look into that too anyone interested…you can't have enough protection
Term for mortgage, IUL for cash value accumulation, Everest for final expenses
The only downside it takes years to accumulate the type of money you need in your cash value policy
Whole life insurance is the worst insurance. You get a loan on your own money that has interest? Term you don’t 🙂 PRIMERICA
Hello Brother Dave Ramsey, please do Live Dramatic Demonstration on How you create Irresistible Offer in order to SeLL Life Insurance, Health Insurance, Critical Illness Insurance, Child Education Insurance & Retirement Insurance Like Crazy or Like Hotcakes. Thanks
Why not just get term as a safety net, n use that few hundred dollars a month that you woulda spent on a whole and invest in stock/real estate??
As a former Insurance Advisor (corporate). While not completely false, half of what he says hides things. For example, when the market hits a downturn which hurts the Insurance company as well and they default (bankrupty, I mean) They won't be made liable to pay your dues out ( for CI, Regular Life, Universal/Wholelife etc,). However, the govt does cover it to some extent (70% in Canada and it varies on state). There's a lot more I can say, but I'd rather not type forever. Would I ever get insurance? Probably not.
Does this stuff take several years to benefit from?
The problem I have with whole life insurance is that the fees are ridiculous the dividends are not taxed because the IRS says it’s a delivery overcharge so I don’t see how it’s any better then just getting term create a savings account for emergencies and invest. In the entire history of the stock market it has never crashed and not recovered to make new highs so I don’t see the risk in that.
What's this guy's name
Don’t listen to this financial advice it’s not good
Where do I even start with life insurance 23 year old clue how to navigate it
Can you borrow more than the cash value and still take out a zero wash loan ?
Never combine your investments and insurance together. Get a term life policy for much less than a garbage whole life policy. Then invest the rest in good mutual funds.
Umm hasn't this guy heard of high yield savings account they probably pay the same interest rate as a life insurance policy and you don't lose any extra once you reach the cash value pay out.
401k is not good to have they stay with half your money
I’m a type 1 diabetic.. that’s the non curable one… does this mean I survived a critical Illness? And can draw money from this?
this is true，i think people shoud get it if they can
You’re better of selling Tacos and making daily profits than buying Cash Value life insurance
If it sounds fishy.. it probably lives in water.
I think I’m better off investing in VTI, VOO, and VXUS. I know for sure that a lot insurance companies they take your money and invest it in the stock market.
Dave Ramsey is an not a financial planner.
Term life policy is better
Has to be structured correctly, and even then it’s not as terrific as you’re presenting. Yes, for some this may be a decent strategy… some.
I have term life can i switch it whole life
Extremely deceptive sales pitch.
Only say upsides (but don't mention numbers), and don't mention downsides.
Do your research, do the math, the only people who make money on this are the salesman.
This is the worst possible scam. Please nobody believe this.
Statistically, you're not going to do nearly as well as simply investing anywhere else.
Matt, I want to swing some special young people over to you personally…I’ll reach out via DM
Thanks for sharing
Whole life insurance is super expensive and investing would make you way more long term. Go term life insurance until you are self insured
I pray that people see this video and understand that this is a terrible idea. It is a complete cash grab and the people who sell the services make massive commissions. If you are young and healthy the absolute best thing you can do is number one stay on your Parents health insurance as long as you can then once you get off of that get a term life policy
And the commissions you make on whole life policies you sale?
Ask where the first CHUNK of cash goes before the cash value rises any.
Term life insurance is for 2 reasons only; 1) to pay to bury yourself so no one else is stuck with the bill & 2) take care of loved ones left behind if you die. BONUS, if you have enough money personally (cash, property, nest egg) that your loved ones would be in good financial shape without you then you NO LONGER need life insurance.