Term Vs. Whole Life Insurance (Life Insurance Explained) скачать в хорошем качестве

Term Vs. Whole Life Insurance (Life Insurance Explained)

Get Term Life Insurance HERE: https://whiteboardfinance.com/go/have... In this video I will breakdown Term Life Insurance vs. Whole Life Insurance, to give you an idea of which is best for you. Life insurance is one of those necessary things in life, because life happens! It's better to have life insurance and not need it, than need it and not have it. The fact is, we all eventually need life insurance and this video will hopefully help you decide which is best for you. Term life insurance provides coverage for a specific amount of time (usually 20-30 yrs). If you or your spouse passes away during this time, your beneficiaries will receive a payout from the policy. Term life is much more affordable than whole life. Typically this works out to be $7 per month in 20 yr term, vs $100 with whole life cash value. Term life has no cash value until the death occurs, so it’s not worth anything until you need it, which is fine. Whole life is a form of permanent life insurance with 3 components: 1. Premiums 2. Death Benefits 3. Cash Value Accumulation (savings aspect) When you pay your premium a portion is applied to the death benefit and cash value. The first 5-10 years a majority is applied to the death benefits (cost of insurance) along with fees and commissions. After this, the cash value will receive a great portion of the premium Beneficiaries are only entitled to receive the death benefit portion of the policy when you die!! You have no choice in how the life insurance company applies the premium you pay. You can cash in or surrender your policy at any time to get your money out, but you lose the insurance! Get Term Life Insurance HERE: https://whiteboardfinance.com/go/have... Instrumental Produced By Chuki:    / chukimusic   ABOUT ME 👇 My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur. This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience. Subscribe if you are interested in: #Investing #PersonalFinance #Entrepreneurship #StockMarket DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.