How to Pick the Perfect Term Life Insurance Policy
Take Your Finances to the Next Level ➡️ Subscribe now:
Download FREE Financial Resources from the show ➡️
Sign up for the Financial Order of Operations course ➡️
Download The Money Guy Net Worth Tool ➡️
Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info ➡️
Let’s make sure you’re on the path to financial success – then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us.
11 thoughts on “How to Pick the Perfect Term Life Insurance Policy”
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.
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 .
Hey, did you guys get 222k subbers on 2/22/22 Twosday?!
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!
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?
Can you guys discuss whole life vs term?
It requires money to make money this is the best secert I have ever heard we don’t make money we make multiple money…
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.
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. .