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@AdamDoran
Жыл бұрын
Totally agree with what you said about income replacement being a primary consideration when thinking about how much death benefit you need. I think most people WAY underestimate the value of their future income and end up with WAY too little death benefit.
@chantejones7878
Жыл бұрын
Employment life insurance for educators is a joke. You don’t even own the policy nor can you get a copy of it.
@paulinewilson3170
Жыл бұрын
Hello I have whole life insurance for over 15 years now for myself and my 3 kids I also have compound interest that I borrowed from 2x already. The only problem is that the policy is not a whole lot and I did not include my husband how do I increase my policy and add my husband?
@quincylowe1854
Жыл бұрын
Hey guys. I love y’all show. My question is that I had short-term life insurance for 5 of my children ages 8-15 and whole life for myself. All my policies just lapsed due to financial hardship. I’m in the process of getting them reinstated this week. I also had Universal life insurance but I was told that to build up cash value takes about 15years?? Is universal even worth it cause I was paying around $200 every quarter. My plan is just to keep making my payments so I can build up cash value and borrow if I need to and to also make sure that all my children will be token care of if something was to happen to me. I was also told that my children can switch over from short-term to whole life once they reach a certain age so buy them having policies now will help them out in the future when they’re ready to switch over. I hope I didn’t confuse you. I just want to make sure that I’m doing the right thing I’m also interested in what you have to offer. Thanks.
@WealthNation
Жыл бұрын
Hi Quincy! You are doing the right thing by having yourself and your children covered period. Universal Life, Variable Life & Whole Life are permanent life insurance products that build cash value. It’s important for you to work with your insurance agent to make sure you understand the mechanics of what you have to make sure it matches your specific needs.
@quincylowe1854
Жыл бұрын
@@WealthNation ok thanks for responding back. I will talk to my agent. Take care guys.
@jeffwade3533
3 ай бұрын
Love your content! Will be reaching out to you guys once debt is resolved! Thank you 💯
@edrigo100
Жыл бұрын
The way you explain borrowing against the Whole Life Policy....Is this the same as Infinite Banking? Or is there a difference from what you're discussing?
@WealthNation
Жыл бұрын
Hi Smart Business Corp! Very similar idea to Infinite Banking in having a plan to pay back the funds borrowed from a Whole Life policy. Borrow from the policy at a low simple interest rate to finance a product or investment that has a higher interest rate.
@lenering1084
Жыл бұрын
Please make a video showing how to design a whole life insurance policy for people who don't have a lot of money.
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