How Much Term Insurance Do I Need?
How Much Term Insurance Do I Need?
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I’ve been single since 2009 and I’ve worked jobs where I had life insurance through my employers but you lose it when you leave the employer. I am 63 now and I have an adult son I’d like to leave money to if I should pass away at some point. Did I miss the ship to getting term life at this age? Any suggestions?? TY
Smart Investor Pro lol
Grammar error in the thumbnail, should read too much not to much
Hey Dave I’m 44 yrs old I have a life insurance policy that is a iul and hearing what it is now I don’t wanted it anymore? I had the policy for about 5 months now and after hearing what it dose I don’t wanted it anymore. Is it better to go with a term life insurance or a whole life
25 don’t buy insurance………………………………………….you are just paying for the intelligent, smart, independent women………….. If they are all of that……………she wont worry.
He always gives straightforward pieces of advice by asking what your current situation or health condition is. Love the no-nonsense talk!
We are in our 70s and dropped all our term because all my debt is long gone. Our income is from investments so the only thing that would happen is she would be better off because she won’t have to feed me anymore.
Josiah should be talking with a qualified life insurance agent not this charlatan who goes by the name of Dave Ramsey.
Thank you for all the inspiration.
Wait a second. I may have missed it but I didn’t hear any information on how to choose the amount of life insurance. I heard them discussing the duration of the policy but not how to choose how much.
Life insurance coverage is so much more than just paying off debt. He is not considering this. If I am 25 and get a 20 year term and think because I have no debt and a million in the bank I am a fool. You should have terms that covers you until you retire.
Someone is still dependent on your income and we are talking about a lifetime of giving that is also lost. Wouldn’t you want your wife to let that million sit and grow until she is ready to retire?
Always go with the 30 year term if you can afford it and consider an additional later to make sure you have coverage until retirement.
I’m surprised this grammatical error slipped past Dave’s social media team. This is a grave error and someone needs to not be fired, but demoted. Like what?
Dave’s most popular video ever as people scramble to react to the bad thumbnail.
Are you obese
As a 39 year old widow who’s 40 year husband just died a month ago. Pleassssse, get the highest amount of life insurance that your job lets you elect. Not just for funeral expenses, but there is so many other things you have to pay for and do when someone passes away. Im so thankful my husband got the highest amount when he selected a policy with his job. I was shocked and so incredibly grateful he chose the 250k policy!!!
how do I invest money in the mutual fund?
OMG… IT’S TOO, TOO, TOO!
So a mutual fund can give you 10% a year? Even in this recession?
Just buy a whole life policy at age 25 and have coverage the rest of your life, if you don’t need it to cover pre-mature death, then it is a great estate tool that you pass to your kids or favorite charity.
I love how they crack jokes back and forth. "That sounds like that came from experience" 😂
Hi sir, for someone in their 60s good health no smoker would you recommend 20 year or 30 year policy?Thank you
There is no mutual fund making 10 percent. Ur lucky at 4~5 percent. This guy just babbles on at times.
I woy love to see these mutuals funds dave talks about that have been returning 10 percent
I would like to know what insurance companies to go with.
I still don’t understand life insurance 😭
Dave’s farming out thumbnails to lowest offshore bidder.
Where is there a video that makes all of this makes sense??
Sent my package in to zander… they gave me the run around. To me, they appear to be a scam. Enjoy Ramsey but I better go with a more credible company like State Farm or Liberty
✝️🙏
Just before i filled put the insurance for on my new job i searched for rhis video. Thanks! I almost got too much.
Can i have more then one life insurance and im looking at going into the military in the event something happens i know they provide life insurance but i wanted term insurance as well so how would i know how much term insurance i would need? I have two kids as well with my husband who is a dosabled vet and will be staying with the kids
With Term Life insurance it goes up every so often
Saves you on cigarettes for sure
What if I’m obese? What do I decide?
What is 100% self insured
When do I stop term life insurance? If I’m 60 & only my wife relies on my income with a 1.5M net worth, do I stop my $250K policy?
You guys are two much. 😂
How can l, Personally, Cash-ln, On, and Use my, Own, Life-lnsurance, Money, For myself, After l die, Please? I wanna live in Luxury and Party, Like there’s no Tomorrow! 😀
Im so glad you are explaining this. I wasn’t really taught much about this and was so lost.
A young guy asks the question and gets an old guy and a middle aged guys response perfect.
what happens if your or his health fails you after the 20yr term expires. will he or you be able to get coverage?
Both my parents passed without any life insurance. I’ve been fighting my whole life to make it this far. I have 100k job policy but now I’m looking at getting my own. 40yo with 2 adult children.
Too
why don’t you buy for twenty years and save up few million dollars by the time you are 45 then no need for insurance
Term actually is more expensive in my opinion. MOST AMERICANS do not become debt free by retirement. Then their retirment is taxed. Health issues can happen from 35 to 40 to age 65 when that term expires. Too many people become UNINSURABLE from a decent company and are left with Guaranteed issue products at a higher rate. Im speaking this from being in the industry for 20 plus yrs.Then his explanation of buying more TERM POLICIES becomes a waste if you dont USE THEM. Read Pirates of Manhattan. 97% of term policies cancel, modify or expire which means the insurance company is EARNING FROM YOU! The whole theory of NOT NEEDING Life insurance doesnt really make sense. Successfull families leave the policies behind to continue college, businesses etc. Permanent insurance actually is cheaper being the price is locked in. You dont have to focus on makin alot of money in permanent policies either. However, if you earned ENOUGH IN THE POLICY to cover the expenses youre at a LOWER COST and have DEATH PROTECTION until age 120. IM confused on how you offer 20 and 30 yr terms when people ACTUALLY shld leave a legacy behind vs dropping life insurance. You can’t say invest into mutual funds and make 10%. Once you WITHDRAW GAINS ITS NO LONGER A 10% gain. Ijs some of this sounds as a marketing ploy to some Term insurance Marketing organization hes getting paid from.
What about life insurance for kids?
TOO
But a 30 year policy for $500k its probably $30-40/month. Listen to a few horror stories a wives who lost there husbands young. Then after kids assuming your income is increasing get another policy like Dave said. But longer the better
Hello what company y’all recommend for term life insurance? Thank you
that co-host is 23??!? Damn yall wyp aging fast LOL!