I always enjoy watching these videos because then all of the insurance salespeople and financial "experts" come out of the woods.?

How stupid she is!
you never get your money back in a term, and when it ends, you may not even be insurable". people live much longer. Terms don't grow. Yes we need Insurance when we get older.?

lol She is fucking retarded. Whole life is awesome if it is set up correctly. If you look at hillary clinton and her finances on page 4 http://pfds.opensecrets.org/N00000019_2015_Pres_A.pdf you will see her and bill clinton own 5 of them… Hmm maybe the rich know something we dont about whole life.. If buy term and invest the difference was so great.. why are so many retirees struggling.. maybe its because the market steals wealth… and if that is your only source of money when you retire your screwed when the market tanks (and it will) and you withdrawl.. locking losses to never recover from.?

Wow…….we get it. Term costs less than whole life! Now, should we shop for the best term policy as well, or just buy one from an insurer thats ranked a distant 62nd place amongst all term insurers, and only has a 1.8% share of the entire term marketplace, Primerica??

Everyone just forgets about estate taxes?

She just ruined this caller's life. What she failed to ask, which is important, is the nature and return on the whole life policy. Is it practical to get $1M in WL? Probably not unless you have massive inheritance taxes that will hit your inheritors. Whoever sold her that much was trying to make a buck off of her, but that doesn't mean WL is a sham. 
Term Life: It is designed for a period of time, not to designed to be permanent. You get it to cover a house, extra income for surviving spouse to care for children until they are out of the home, pay off large debts, things like that. On the dollar, you get a lot more for your money IN THE SHORT TERM.
Whole Life: Designed for the rest of your life. What Suze fails to identify is that WL never goes up in premium, where that Term insurance described would be jumping at age 69 to be approximately $8k a month. Yes, Seriously. Not only that, if the policy is in a good Mutual Company (yes, it is important that it be with a mutual company) then you are getting a return. Right now the average rate of return on WL insurance is about 3%, and has been consistently rising. In addition you get dividends on the company which can be further invested into the policy for better returns. In some cases (not all) this can be better than the rates you would have on a fixed account investment, and is a good reason many people use certain forms of whole life insurance for investing their money for growth, without a concern at all about the death benefit.

So what does all that mean? It means that most people with a family to take care of should get a smaller amount of WL that will take them to the end of their life. Have some term to cover higher living expenses while you are younger, and then drop the term when you get older. If you pick the right company, that WL can be part of your retirement fund, and you can use it while you still are alive.

In regards to the "You can invest and make 8% on it". This has to do with market returns. At no point are your funds guaranteed. It isn't bad to invest in the market if you are of such a mind to do so, but recognize that you are risking your money. Most people should have a balance of conservative and aggressive investments when they are younger, moving to a more conservative stance as they grow older.

Long and the short: Don't listen to Orman on this matter. I am not saying she has nothing useful to say in finances, but the advice she gives here can destroy your family's finances, because odds are if you bank fully on term insurance, you will have thrown away your money when you get old, or have hit it big for your family if you die young. Better to have an option for a good life when you are old, and have your family taken care of responsibly no matter what happens.

Feel free to visit my page https://www.facebook.com/SeanKeeleyNYL for more information on how to responsibly take care of your future.?

http://youthvisit.com/?userid=36990?

I'm just learning whole life agent speeches.?

Thanks?

The comment section is always hilarious in these videos. 3 groups always chime in. 1) Life insurance agents. 2) Investors and money managers. 3) The borderline brain dead Orman/Ramsey cultists that drank WAY to much "20 second Kool-Aid". All 3 groups are doing nothing more than being "echo chambers", reciting the same old catch phrases without any original thought.

The most amazing thing about these comments are the fact that NOBODY ever suggests a comprehensive blend of all the available options out there. All the advice above and below is read like a "whole hog" approach.

Life insurance agent – "Buy my stuff!"
Money manager/Investor – "No, buy my stuff!"
Suze and Dave – "Don't listen to these guys. Take it from me. You wanna buy my sponsor's products."
Brain dead Orman/Ramsey cultists – "Buy term and invest the difference!!!"
Me – "Invest into what?"
Brain dead Orman/Ramsey cultists – "Uh, umm, invest the difference!!!"
Me – "Yeah, okay, sure" smh

 ?

That caller is slow in the head.?

It's funny.  Why doesn't Suze Orman have to do any "fact finding" about a person's financial situation before she makes recommendations?  Permanent Life Insurance is not right for everybody, term is sometimes the best option.  HOWEVER, when used CORRECTLY life insurance can be an amazing financial tool.  Suze, give me another financial product that defers taxes as your money grows, allows you to take distributions tax free, doesn't cap the amount you can save, and doesn't make you wait until 59 1/2 to take it out.  There isn't one.  Keep in mind people, we are  $17 Trillion in the hole as is stands today.  Taxes are going to go up!  So, when you're retired and you have your 401k plan that you've worked on your whole life, just remember, Uncle Sam gets whatever percentage of that he decides to write into the tax code.  Maybe 35%, maybe 50%, maybe 60%, we don't know.  What we do know, is that if the gov't decides they want more of your 401k or IRA, they can take it by raising taxes.   I suggest you stop listening to Suze Orman and think about investing in something that has a hedge against taxes and government regulation, life insurance is a great tool.  Again, it's not for everyone.  For example, before you buy permanent life insurance, make sure you and your spouse are maxing out Roth IRA's first.  ?

She's right… They are young. Term and mutual funds will do the trick. She needs a xanax tho.?

She's right… They are young. Term and mutual funds will do the trick. She needs a xanax tho.?

Yes susie is very right , that is a ripoff whole life is a rip off. Just invest the difference in a Roth IRA! And you'll see how much money you have it's amazing how much money you'll have! Thanks to all this knowledge to Primerica I'm learning quite a lot!?

At time, I wondered how many policies Suze Orman Sold, if any? ?

Term life, once the term is over, payment increases as you age should you choose to extend it… just keep that in mind. For those who say that whole life is a ripoff, yes face value may be less but remember that it takes the guesswork out of investing. If something happens, then you get a guaranteed return.?