WHAT'S THE BEST TYPE OF LIFE INSURANCE?
WHAT'S THE BEST TYPE OF LIFE INSURANCE?
In this clip Rashad went over the different types of life insurance, he talked about term, universal life, whole life, and more. #lifeinsurance #termlifeinsurance #wholelifeinsurance
Link to EYL University: https://www.eyluniversity.com/join1
Great value presentation. But seriously bro, no conversation about the brutal cons of whole life?
https://youtube.com/shorts/Rdb5e25NHrc?si=VGUYE1KA2xpUF80W
WHY CAN’T BLACK PEOPLE ARTICULATE THEIR WORDS OR COMMUNICATE EFFECTIVELY? ALWAYS AGGRESSIVE!
Most folks make aroused 60K. Plus you didn’t speak on policy has to be funded the righy way
Very CLEAN, CLEAR & PRECISE 💯💯
Thank you for this! I was having a hard time trying to figure out what insurance I wanted
I hope one day you will be able to speak about an individual getting life insurance whom may have a existing medical condition, no one has talked about this important issue as of yet, maybe I missed it but it needs to discussed I have a illness and a getting a decent insurance whole life policy is a real challenge for most of if not all of us whom have sort of illness especially if you don’t make a great deal of money to cover the cost !!!please research this topic 🙏🏽 thank you!
Thanks brother
What about indexed universal life insurance?
a
Term is the best life insurance
So why Dave Ramsey say that’s not how whole life insurance work? Like at all?? He states you can’t borrow from it and the agents are actually keeping your extra money… hhhmmmm
Great freakin video. I’ve been trying to get this exact info for months trying to understand how life insurance works and how to get a loan against it. As I’m sure most people know most of the time all YouTube does is gives everyone the runaround unless you sign up for someone course and so on. Thank you.
Thank you ❤
Fantastic
Term life insurance is good when you’re young and just starting out. Buy the time 25-30 years have went by and your term expires, you should have your finances in order. Pension, 401k, and a variety of investments.
Alan Banks sounds like a decent Moorish brother, much abundance to him! Hotep ase
Smart move caller!
Term Insurance is offered in 10,15,20,25 ,30 year terms(Depends on the Carrier) I offer all of the time to individuals under age 50 A 30 year ROP ( Return of Premium ) this offers the policy owner all thier premiums returned , if they outlive the 30 year term or a paid up policy which is BOTH beneficial with the fact that insurance premium charge is based on age (you will be 30 years older) you develop health issues( you wont have to prequalify if you choose the paid up policy)
Whats your dad’s or sister information?
This was really good! Sharing w my nephews. 🎉
Considering the increased difficulty since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired a manager and successfully grew my assets by over ($150K) during this turbulent market using defensive strategies that protect and profit from market fluctuations.
I’m getting a life insurance policy ,so when I die my daughter is ok. I’m already leaving her a paid for house. I’m only 31 but I know life is short and anything can happen . I want a million dollar life insurance policy..or more. Thanks for the video.. you helped me understand better this better. I was confused.
He’s the smartest one on the show just being honest. Much respect.
I love you guys. Thanks you for giving us gems of success 🙏🏾
Preciate yall moe🃏
You can always buy term and invest that difference into a mutual fund. No need to over pay in premiums for a cash value life insurance. Build the good habits of saving money by maxing out your term length, ie. 30-35, that way you can invest during that same time frame and possibly have more than what the life insurance face amount is at the end of your term so now there is no need for life insurance
Great information. Loved the approach. There are a couple things I would love to talk to you about. There’s a much better strategy that work for most people that allows them to more effectively and efficiently earn their leisure. Please email me Rashad. Would love to have a conversation.
Looks like life insurance fraud
Thank you for the explanation .
I have an index universal life insurance policy.
Be fully aware that the cii will support the advisor in fraud just as #nikkiwest #nicolawest has been supported in fraud despite tye FCA (Financial Conduct Authority) alerting of the breaches by #aviva #StJamesPlace and Nicola West also supported by the Chartered Insurance Institute
St. James’s Place sells life insurance in 2010 but in 2021 breaches a death claim to agree to pay a widow and pays money into the wrong bank account and REFUSES to correct it…! Harming a widow her #autistic #disabled #nonverbal son and 4 year old twins see the FCA (Financial Conduct Authority) Annual meeting 2024 talking about Amy Lawson Gill and this breach in #ConsumerDuty by #stjamesplace
https://youtu.be/q6H_nY_VRV0?si=j0MIfyfEyAbnMNMU
💡🙏🏽💕
This is from the perspective of someone who is not a financial advisor who is securities licensed. If you get a term policy and put the difference that you would have paid in to a mutual fund in a ROTH IRA for 35 years because term insurance can go up to 35 years, you would have a lot more money than saving in a whole life policy that is full of fees. The issue of "borrowing" your own money and paying the insurance company 6-8% interest to the insurance company. If you die in most cases, with the exception of Universal Life, which is an even worse product, the money goes back to the company. WIth Universal Life, if you choose the right option, which is usually option B, the beneficiary can get both the death benefit + the cash account. However, the consumer pays more upfront for the beneficiary to get both, which does not make sense mathematically. See what the state of Maryland about Universal life insurance here" https://youtu.be/Bbsyd64jdt8?si=U1zp8pqOE1njLqXe. The best thing to do is to get with a FULLY LICENSED advisor that is registered with FINRA (broker check) that can offer you options for investments that are intended for just that. Buy term and invest the difference! It is a proven method.
Young man is winning! I wish him the best
My Company has 35yr Level Term! There is no so-called "permanent insurance" can beat "Buy Term invest into mutual funds that have averaged 10% since 1925! The numbers don’t lie! It’s Mathematic!
Great question
🧢 Cash value is not "another form of savings," because you don’t pay the bank to borrow your money from your savings qccount!
Buy Term and Invest the Difference is the way to go ‼️
As a licensed financial Representative i approve 🧾🖊️💲🛡️🏆💪🏿💯
Thanks for the information.
There’s a type of Life insurance for every season of one’s life and situation. Term, Whole and IUL’s should be looked at wholisticly.
Can you get a 1 million dollar policy if your next worth is less than that?
Whatever you choose to do do not use Northwestern Mutual they will steal your money. I got the receipts to prove it. I am a veteran and they refused to call me back or email me.
A job’s Group Term Life is usually convertible to Whole Life, which makes those portable.
Sooo Good!!
How do we vote for you guys for the award?
Bad advice should be used for investments or u screwing urself..unless ur already wealthy
very late to this video However, I’d love to speak with him, I am a Life Insurance agent and he spoke on how he wanted to invest into the stock market. well our life insurance policies that we offer are indexed against the stock market, so your money grows with the stock market but is not invested into the stock market. what we classify as upward potential and downward protection, your money never being at risk.
ALSO REMEMBER WHAT YALL DONT SAY. INSURABILITY IS VERY IMPORTANT. SO GET A POLICY AS SOON AS POSSIBLE