Should You Use Cash Value Life Insurance as an Investment?
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Can we have a financial mutant show special for us 20 year olds? Give us the numbers for being in the top 5%, 1% of people.
"Successful entrepreneurs are givers and not takers of positive energy." _Anonymous
My employer has a small life insurance policy as a benefit. There's also the option to buy additional coverage very cheaply. But, I really don't need anything beyond the basic coverage. I don't have a mortgage, no dependents and no spouse. And drumroll please…. no debt. At all. All I need is enough to cover burial/cremation and funeral.
No. Buy term and invest the difference. I just got my life insurance license and only sell term to young families.
Stop with the stupid caption faces. You guys are too good for that.
Is that tall boy in a koozie sitting on your desk?
Do you ever notice that the people encouraging to do this also happen to be selling it?
What about for a buffer asset in retirement. If you have a stock portfolio can you then have the Whole life cash value to offset a certain number of years of down mkts so you don't have to pull from portfolio during those down years. Wade Pfau wrote a white paper on this and it seems to make sense.
Just wanted to let you guys know. It was maybe a few months back or last year that I was listening to you guys talk about this and I ended up getting term life for 20 years. I feel like we made the right move for us
It's unfortunate the information given on whole life insurance here is about as accurate as something Dave Ramsey would say
Everyone already has a annuity they're forced to buy. It's SSA.
Im glad they spoke to this. I have been blasted by these videos as well. I knew there was a catch.
So much of this video is accurate. Brian clearly understands some of the intricacies…. But I’m so surprised that he compares cash value life insurance to the S&P 500 etc. in a portfolio the comparison should be vs cash and fixed income products eg bonds/annuities… (in fairness he does mention these too)…But it offers a tax efficient alternative to some of the other fixed income products. That’s where it fits in. From an insurance point of view it’s not a straight comparison to term insurance.