I think people are far too concerned about what happens when a term policy expires. If your term lasts until you no longer have dependents or aren't going to need to work anymore and then expires, then the insurance was worth it because you had coverage when you needed it.

For those who don't understands life insurance, when he was talking about the "Guaranteed" section of the IUL he intentionally neglected to clarify that the illustration "assume" the economy will tank in the red for the next 30 years (or however long the cash value will cover to) and you'd only be credited the guaranteed rate. Now, if the US economy is in the red for 30 plus years your life insurance policy would be the last thing you want to worry about. Also, it's easy to simply say this policy costs that much and that one costs this much. It would be nice to see the actual illustrations. I think a good agent need to tell the clients all sides of the products and let them make the decision.

WTF are you talking about here. What IUL doesn’t build cash value grater than you put in only a stupid agent would structure the policy in the way your showing. And what about the retirement income aspect

If you pull out/surrender the cash value of a whole life policy, how is that taxed?

The best type of life insurance is to have non..they are all scams

I'm an insurance agent. If I had invested the $2,491 into an index fund, mutual fund, etc. and averaged 7% annually, then I'd have $235,000.

Index universal life accumulates more cash than any participating whole life once funded and structure properly whole life should be illegal you're paying extra just to borrow against your own money later because you're really building up credit inside a whole life policy not actual cash value savings that's why beneficiaries only get the face value

sounds like the narrator is biased and has a preferred choice of a policy. I've always heard WL sucks. does he show where the money will be taxed etc?

You are not compare apple to apple in this case.

Does Statefarm have good Wholelife insurance?

the best type of insurance is insurance that is forced upon you…just like ALL auto insurance.
it is forced , legalized , extortion….nothing short of criminal
but legal

the best type of insurance is insurance that is forced upon you…just like ALL auto insurance.
it is forced , legalized , extortion….nothing short of criminal
but legal