And remember, the purpose of life insurance is to protect people who depend on you in case of your untimely death. If you have no spouse or children, you probably don't need life insurance at all.

How do i open a Roth IRA?

When I enlisted in the service, 99% signed up for life insurance and I was laughed at for not signing up for it. All these 18-30-year-olds couldn't give me the correct explanation of why to sign up.

What??? The first caller approached you with multiple questions, and I don't believe you answer one of her questions. While she was on the line, you answered most of her questions with questions… And the only definite answer you responded with was telling her to research it herself.

Although, on the other hand, you had very beneficial information after she hung up and you started to spew facts. Get ride of the call in portion, because your ability to answer questions was cringing. But I have to say, you're loaded with some good information insurance companies never share.

Wow, did exactly what he said before viewing this.

Wrong wrong wrong ! This guy doesn’t know squat about life insurance. If you have cash value the only death benefit you are paying for is the difference between the face value and cash value. The company does not keep your cash value it is part of the face value. But creating drama gets higher rating and more views.

Insurance is insursnce.

THANK YOU FOR THIS!!! My financial advisor has been pushing HARD for me to get it as an investment… I don't want to. I am 41, no kids, no dependents.

What does it even mean to buy life insurance as an investment

Thank you

I never invest in dead! Very stupid..

What do you think about PrimeAmerica ? I’m thinking about them and buying life insurance

Buying term and investing through the same company that sold you term is combining insurance and investments, only then you'll have two sets of fees.

Wrong Dave! Life insurance is not an investment vehicle it is an asset.

I sell permanent insurance and I’ve got no problem with Dave. He makes plenty of valid points. And he doesn’t cost me business because people I work with are often familiar with Dave but recognize that he’s not Jesus Christ and sometimes his advice doesn’t apply to their situation or may just be faulty. Sometimes mine is faulty too! No one has a monopoly on good advice. I ask people to consider why it could make sense for them in their specific situation. By the way, a majority of the time, it does not make sense. Term, or at the very least a combination of the two, is often the best way to go. Y’all should do your own research. Plenty of people that are equally as smart and successful as Dave have and will continue to endorse permanent insurance. Doesn’t mean it’s right for everyone – just means it’s right sometimes.

So let's say I decide to buy a whole life policy with a large named company for 1 million in coverage and pay in full (the 10 years of premium that most companies charge) lets just say $150,000 in this case. By the time I'm 50-60 years old I will have carried 1 million in coverage up until then (just in case something happened to me), but I will have the option of cashing out my policy for somewhere in the range of $500,000. Thats "Not" an Investment? Clearly this is not your average scenario for most people and definitely not some great interest building fund but it sure is worth it in the long run.

What about whole life insurance that is corporately owned?

Dave says average rate of return on Mutual Funds is around 10 percent. Is this accurate? Are you guys making that on your mutual funds?

This is what I found online, don't know if accurate or not:

What is the average mutual fund return?

The 20-year return on mutual funds averages 4.67%. The actual return varies based on the funds chosen and time in the fund.

What is the average mutual fund return for the last 5 years?

Mutual funds provided an average return of 6.92% over the last 5 years. This is around 3% less than the S&P 500 index over the same period.

What is the average mutual fund return for the last 10 years?

The average 10-year return on mutual funds is just about 0.66% less than the S&P 500 index return over the same period. Mutual funds provided a 4.23% return while the S&P 500 provided a 4.895% average return.

What is the average mutual fund return for the last 30 years?

The S&P 500 index provided a 4.3% higher return than mutual funds over the last 30 years. Mutual funds had a 3.66% average return, while the S&P 500 had a 7.952% return.

It seems like the average is way less than 10 percent. More around 6%

I don't care about money I can't use.

what is "loff insurance"?