EXCELLENT video!!! truly simplified!!

Question: which application have you used in the video? :)?

is it possible to get a Term Insurance in the form of VUL? does it cost a higher premiums??

Very interesting video.?

Whole Life NEVER costs less. You have to keep in mind the fact that you overpaid $4500 every year for whole life! You take the $4500 every year that you save by buying term insurance and invest it thereby creating MORE money.

Point Two: In Whole LIfe, the insurance company takes the "savings" and uses it to pay off the face value of the policy.?

You should NOT be saying "over a 10 year term". It is confusing. You mean, "DURING the 10 year term". "Over" refers when something is terminated.?

Hi Sal,

So is whole life insurance refer to insurance in excess of $50,00? Why are those premiums taxable?

Thanks?

You didn't mention anything about Term Life Ins. policy where if you don't die and your term has matured that premium you paid is returned back to you.?

thanks for providing knowledge its useful :)?

Instead of using the term any period over the ten years it would best be said as " AT ANY POINT DURING THOSE 10 YRS"  Just I think less confusing?

I love how @1005 he says the case value from "your" premium…so your basically borrowing your own money…so ridiculous…Term is obviously the better eay!?

very good, thanks.?

So to make it more easier to understand. Just keep buying term until you are 50, and then start buying whole. Too easy got it.?

"unless you know something the rest of us don't know" LoL at that point 8:56?

Is there any relation of Whole Life Insurance and LIBOR rates??

how about getting a 30yr level term life insurance, where u would pay maybe $1,000 a yr instead of $5,000 a year, you invest the extra $4,000 a year into mutual fund at an average of 9% return yearly for the term of the policy. 30 years later you would have over 500k, by them your kids should be out the house. you then become self insure. there is not need to pay for insurance for the rest of your life.?

Love the presentation – good speaker – BUT … obviously not informed on how the products work. He has either blatantly lied for effect or he simply does not know the product and its features. At the end of the day what he says is wrong. I believe in both products for different people. Neither is "best". So, I'm a little disappointed in the lies but not too surprised given the source (YouTube) … anyone can say anything here. Consult a professional.?

I can see how these could be good in different economic situations, and how old one is, but I'm new to all of this so I'll just have to go deeper.

Question: Are there whole life plans that grow in accordance with risk-free rates, or inflation?

It seems like if hyper-inflation occurred, which is very unlikely here in the US, everyone who's holding a 401k, or a whole term, would be tad more fucked than everyone else.?

it is better to just not die?

Dude says everything twice?

So its better to pay for term life and put some extra cash away in a certain savings account for your family?