This is not accurate. I have zero skin in the game .

this really shows that this show is nothing more than a facade…telling people that this is bad and term is good is costing most people 100's of thousands of dollars. Like mutual funds are a good idea? LOL Mutual funds are the most fee loaded places to put your money and when you go to use the money you can only pull off 2-3% of your nest egg

A thousand dollars a month is great. But try to get to millions like commercial banks do with life insurance!

0:01 I already cannot wait for the grilling about to happen

What about paid up additions?

It’s true with whole life policies. When you die your family only gets the death benefit. Whole life’s are outdated IUL’s is the way to go! 100% of your money when you die goes to your family and it’s all Tax free! Any mutual funds when you die your family gets taxes on that good ol Dave Ramsey!

Why would they do that? 12,000 a year in case something happened to you? Just keep your money and the people around you will be fine

We all need to realize that there are people who are too lazy to educate themselves and are totally biased that no amount of research or data can prove them and Dave wrong. Never mind that there have been studies by PhD’S that prove buy term invest the difference is a farce. Yes, banks have trillions in cash value life insurance and Morningstar has done studies that show that you should replace a portion of your bond portfolio with whole life. But of course Dave is smarter than PhD’s, Bank of America and the analysts at Morningstar.

Are u supposed to get money back if you cancel a whole life insurance.

Term insurance is the best choice. Investment portion is a rip off considering fees and expenses.

jUST FYI ABOUT NY LIFE AND AARP INSURANCE: My name is Rene Vasquez, Son of Wilhelmina Vasquez a long
standing AARP member. Wilhelmina passed away in December of 2018 at age 92. She
had purchased a Life Insurance policy through AARP underwritten by New
York Life in February of 1998. The Face Value of the life insurance policy
Was for a Total Value of $7500.00. 

After reviewing the policy, it was determined that Wilhelmina had paid $15,060.00 for this $7500.00
Coverage. This was a policy she had that we were unaware of until her death.

There was no limitation on the amount she would have paid
into this policy, if she had lived longer. Apparently it was her fear that if
she had stopped making the monthly payment, she would not receive anything from
the policy. A call to New York Life at 800-260-8865 and from the wording of the
policy, verified her fears.

This is just a cautionary tale for the elderly and people in
general. Not all organizations that purport to be watching out for you, truly
are.   

Rene Vasquez

Dave Ramseys is clue less and all insurance companies are not the same….do your research!!!

Ramsey is wrong!

Life insurance is an overpriced side bet on death.

WoW, what you just did to this poor guy. You destroyed his life. Stop given investment advice.

why does dave hate whole life?

Insurances agents make tons of money on Whole Life and Universal Life policies, which is why so many agents here are slamming Dave.

From Investopedia:

*Example: Insurance Sales Commissions

Bob the insurance agent sells Sally a whole life insurance policy that covers her for the rest of her life as long as she continues to make her premium payments. Bob's insurance company pays a 90/5% commission on whole life policies, which means the selling agent receives 90% of the first year's premium and 5% of future renewals.*

This guy is insanely uneducated. I feel bad for anyone taking him seriously. What a shame… You're making money off of terrible advise with no backing. Not even a notion of this guy's personal goals, and the percentages you "calculated" don't factor in paid-up additions and no 10 years of whole life insurance cash value is the same. What a complete load of garbage, haha.

Dave’s sponsors don’t like life insurance therefore Dave can’t like life insurance as a supercharged saving account. Dave’s masters tell Dave what Dave likes.

I have " NEW YORK LIFE VARIABLE UNIVERSAL LIFE ACCUMULATOR PLUS " and paying 500 months and I'm confused what dave say