Investing in life insurance can be an important asset in your investment portfolio.
NBC News – Investing In Life Insurance | Onlyinvesting.info
By onlyinvesting.info
May 7, 2008
yes he is talking about UIL he is just not being real specific….
yes he is talking about UIL he is just not being real specific…. he is not talking about Whole Life
@jgilles85
they do not get the cash value… your Beneficiary will only receive the death benefit… the cash value is only when you surrender the policy… if you wait until retirement like smart people you will receive a monthly income in the amount specified by the policy… mines will get provide 80k tax free at retirement forever and when I die no matter when even after 100 my family will receive a death benefit of 600k
@jgilles85
that is a ridiculous arguement… term insurance is level and those interested in retirement will not be interested in term because they would then invest in stock, bonds , mutual funds…. and then there is no guarantee..
the Indexed UL is guarantee of tax free retirement…. term will expire assuming you saved money and your investments worked
I agree. I can show you how insurance in your portfolio can increase your expected rate of return and decrease standard deviation.
@SuperLifeguy that's why they provide you renewable term
I totally agree with Life Insurance to be the best way to protect you and invest. Check with your agent, they have great plans !
My favorite part about IULs and GIULs is the industry's nearly complete lack of understanding about how they function. Ignore EVERY one of the people below and call the insurance company directly after speaking to your agent. They'll explain positive AND negative aspects. As for PFS, have fun with a 5.0% front end load on avg, 2% yearly management fees, and usually a back end load. To avoid being bent over by an ill-trained agent, look up all "recommendations" on MorningStar first.
Today, Nov. 17, is Child's Grief Awareness Week, and it is a great reminder of just why life insurance is so important. Anything can happen in life and you have to secure your family, and your child's, future. This will require some work and investigation on your part. Talk and learn with different companies and agents. I know I found one, which I do not hesitate to tell everyone about. Take a look at Globe Life and Accident Insurance. They have a terrific Facebook page.
@acumedcorp as opposed to what? Managed funds that the brokers make more off of the investment then their clients. That's a crappy product. Typical broker mentality. Life insurance is an important part of any portfolio. Are you really so naive? Educate yourself a little before you run your mouth and look like a fool.
Term and whole life policies are totally different. I am a licensed life agent. If you have any questions feel free to message me.
@acumedcorp hey moron term and permanent have diff uses.
Someone else is supposed to supply facts, and you are supposed to supply none? Just because you tout the status quo doesn't make your right. I'll laugh straight to the bank with my better strategy.
Are you asking ME to check? im the one dealing with both insurances here… HIDDEN fee???? you mean FEE? Dumbass what HIDDEN fee? We show what clients pay for… I think conversation is done, you just fully embarrased yourself. smh. And i never said term is bad, they both have diff uses i said. Maybe your organization just wants to sell term so bad, they just brain wash you.. Because this is complete ignorance. Get numbers and compare for what you want to offer to your clients
Whole Life is one of the biggest wealth robbers for hard working families. Never save money within an insurance product. You don't get the savings when you die. The company keeps the savings. What kind of plan is that? Its sold by unscrupulous sales people. Term 100% of the time without question. I have never read a book on finance that says buy whole Life. They ALL say to run away from agents trying to sell it. Experts recommend Term for all knowledgeable folks looking to protect their family.
Whole life is outdated.
It's Permanent Life vs Term and invest the difference. Index Universal Life is the product for this volatile market. Seek advise from license professionals such as CPA, investors, and insurance agents to get a broad understanding on both advantages and disadvantages before you decide.
what are you talking about? Whole life is steady and level premium amount. Term life gets very expensive when you get older. Even universal life is gets expensive when you get old. Buying whole life young is most beneficial.
Whole life is level for the duration of your life. Term is only good for a period when that period is over to continue it is most likely more expensive than whole life. And where are you getting 4-5% in a fixed conservative market today? A responsible agent would project what your needs are and see what you can budget. I could tell anyone to purchase whole life but if the client wants term then thats it. Don't act like any other company or person is not looking to maximize their earnings.
Actually a good product has great benefits
thats why you go with a universal policy knowledge is power
Universal is still permanent insurance with savings/investment built in. If you love fees, purchase a UL policy. Again, never combine insurance with an investment. There is always a catch. The only true benefit if for the agent.
He's right in regards to the portfolio breakup.
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Right said. We will get to know when we need this. Health and Term will be good
The #1 thing I would like to change in people's behavior is the ability to adopt an open mind. There are too many mindless sheep out there who make decisions against their best interests because they won't change their behavioral attitude! My take: Life insurance should be the foundation of EVERYONE'S financial planning! Term if that is all you can afford, but that should be converted to Whole Life, Dividend Paying Life Insurance as soon as possible. The dynamics of such a policy will grow both the investment piece AND the death benefit for the rest of your life! Once you have one or more of these policies in place, THEN you do the qualified plans, the Wall Street play, or anything else you want to diversify in. Why? Because of all the investment options out there, life insurance policies (the one described in particular) are the ONLY investment vehicles YOU control! You can do qualified plans, start a stock portfolio, invest in real estate, etc., but It sure is nice to know that when the rest of the investment world goes to hell in a hand-basket, you have an established, ever increasing, tax-favorable foundation of life insurance to let you sleep at night until that other stuff gets its act together! And these policies are guaranteed! You can plan around a guarantee, but those other investments can't guarantee anything! And don't get caught up in return rates; utilized time instead (have a long investment horizon)!
Great video!
14 years ago this was posted & it’s always been true & still is in todays environment!
Permanent life insurance can be Whole Life & Index Universal Life.