Why You Should NEVER Buy Whole Life Insurance (SCAM ALERT!)

Whole life insurance, and permanent life insurance is one of the most expensive and least understood financial products on the marketplace.

During this live, I will breakdown the real cost of permanent life insurance, compare it to term, and explain what strategies you should use instead of permanent life insurance to achieve your financial planning goals.

Finally, there are a couple rare reasons to have permanent or whole life insurance, and I will outline those rare cases there is a need.

Remember, Financial Freedom is found through discipline!

Stream starts: 0:35

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Timestamps:
00:35 – Stream starts
02:06 – My experience with life insurance
03:05 – Term life insurance vs. whole life insurance
04:56 – The stated benefits of permanent life insurance (whole life insurance)
06:50 – Why I do not recommend whole life insurance (costly premiums)
07:54 – Why I do not recommend whole life insurance (complexity)
08:40 – Why I do not recommend whole life insurance (poor investment returns)
10:18 – Why I do not recommend whole life insurance (surrender charges)
11:29 – Why I do not recommend whole life insurance (opportunity costs)
13:32 – Understanding life insurance fees
15:29 – What to do if you have a permanent life insurance policy
17:36 – When you DO want permanent life insurance

#wholelifeinsurance #lifeinsurance #financialfreedom