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Very informative video and answered many questions I had about life insurance. Will be buying my policy from Instant Life as i found really good rates
ReplyDeleteBuy Term and Invest the Difference. Never count on the cash in a permanent policy to suffice future needs.
ReplyDeleteThere is nothing misleading about the video. It is factual and very well done so a novice will understand. Term Insurance is comparable to leasing a house, the lease will end and so will your rights to use it. Permanent life insurance is comparable to owning the house, its yours until you sell it ( cash in your policy).Job well done.
ReplyDeleteLooking forward to watching more of your videos.
How are monthly fees calculated on a permanent life insurance policy?
ReplyDeleteThats given me some new dies - thanks
ReplyDeleteWhy is he so little?
ReplyDelete
Great informative tips
ReplyDeleteVery informative! Insurance is a complex subject and it's the responsibilities of financial + insurance companies to convey the real benefits insurance can offer and what is available.
ReplyDelete-Ten Star Insurance
This was very informative. I think it's best to be prepared you never know what's going to happen. Better safe than sorry. I found some more information on Globe Life Insurance FB page. It really is affordable.
ReplyDeleteGreat info! I really think it's time I get life insurance and make sure my family is protected. You can never be too prepared for those unexpected moments. I'm going to sign with Globe Life Insurance; great rates and service!
ReplyDeleteThanks for sharing.
ReplyDeleteA permanent policy with a fixed premium can be designed to either maximize the death benefit, the cash value or do a combination of both. Yes, mortality charges go up as a person ages, but the advantage of permanent insurance is a fixed premium with the expenses spread out over the life of the policyholder, in this case, the lifetime of the insured. You pay more at the beginning in order to pay less out of pocket in later years.
ReplyDeleteVideo is good, but with one misleading fact. Permanent insurance is NOT permanent. If you look at your Contract a.k.a. Policy, it shows how they calculate your MONTHLY expense. As EACH YEAR passes, the amont goes up. This clearly shows that "permanent" insurance gets more expensive every year. Sure, the only 'charge' you a set amount every month, but the fact is the insurance gets more expensive. Any amount due over what you are actually sending ins is deducted from the cash value
ReplyDeleteVideo is good, but with one misleading fact. Permanent insurance is NOT permanent. If you look at your Contract a.k.a. Policy, it shows how they calculate your MONTHLY expense. As EACH YEAR passes, the amont goes up. This clearly shows that "permanent" insurance gets more expensive every year. Sure, the only 'charge' you a set amount every month, but the fact is the insurance gets more expensive. Any amount due over what you are actually sending ins is deducted from the cash value
ReplyDeletegreat video
ReplyDeletethanks for the video
ReplyDelete
I've been a financial planner for almost 20 years and I have 2 issues in what would be a fantastic explanation of life insurance. 1) Pure life insurance should not be used as an investment because those rates of returns are usually poor 2) Whole life is so expensive that I never recommend it over Term. There is such a thing as renewable term that doesn't require a medical exam.
ReplyDeleteFantastic overview of Life Insurance
ReplyDeleteThank You!!!
Nice video
ReplyDeleteGreat explanatory video covering the essentials. Anyone wondering if they really need life insurance should watch this
ReplyDeleteimpressive explaination!
ReplyDeleteThis video made my day
ReplyDeleteThis is the best educational life insurance video I've seen on YouTube. It points out that properly calculating one's life insurance need is most important, and that seemingly big numbers are really not all that big when it comes to ensuring dependent's lifestyles. Then it points out that there is usually a need for a combination of term and permanent insurance, depending on the length of the need and one's insurance budget.
ReplyDeleteVery informative. I really liked it!
ReplyDelete