Term Vs. Whole Life Insurance (Life Insurance Explained)

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Information Term Vs. Whole Life Insurance (Life Insurance Explained)

Title	:	Term Vs. Whole Life Insurance (Life Insurance Explained)
Lasting	:	16.15
Date of publication	:
Views	:	782 rb

bGet Term Life Insurance HERE:/b whiteboardfinancecom/go/havenlife
Comment from : Marko - WhiteBoard Finance

We just need term period For the longest possible
Comment from : Marcelino Juarez

My boss was a very wealthy & financially successful man He told me : " Anyone who comes to you to sell you something is there for THEIR benefit, not yours"
Comment from : Paul brungardt

I liked this ! Very clear :)
Comment from : anisha

Great video but you really did not talk about the power of WL 1 yes you pay a when you borrow but the money is also growing while the loan is outstanding 2 You dont have to pay the loan back, you can have the death benefit pay the loan The value of WL if kept for the long term is a cash flow vehicle, it is not an investment vehicle by call no one can call it an investment You can use the cash value to buy real estate, stocks, or other investments You are really referring to the short-term value, not the long-term Term life has it benefits but it can not hold a candle to WF unless you die The payout on term life is about 0025 for all policies The payout of WF is 100 if it is held
Comment from : VKH Accounting Services, LLC

@XFINANCE411
Comment from : Alvarado Inc

Thanks for this very informative video 👍
Comment from : Jonathan Lim

Thank you, Marko You made me understand this insurance stuff and now I also understand that term insurance is a better option
Comment from : Nshi Samba

Simply safe is garbage😊
Comment from : IRIDICLES ROMINIUS

So many incorrect things with this video Might be the company that you do it with, I would only do it with 4 out of the 750+ that offer it…
Comment from : Carlos Mercado

Anyone read the bookwhat would the Rockefellers do😂
Comment from : River Dawn

what policy are you talking about ? zurich is performing well in the market more than 6 to 14 annual growth
Comment from : Divine Inspiration

Finally someone who explained Whole Life in layman's terms Thank you!
Comment from : Tera Perry

In general Life insurance is different for anyone
Comment from : Lets Get Real

Unfortunately you’ve really misled some people based upon your presentation brHere’s a real example - I bought a 20 year Term policy 20 years ago The death benefit is $750,000 I’ve paid $507 per year for the past 20 years Extremely cheap peace of mind for me knowing I had small children that would be left with nothing if I died without itbrNOW if I want to extend this policy the current rate is over $1700 per year beginning this year and will go up every year from here on out The reason is that I’m older so of course the insurance will be more brbrIf I would have known I would have chosen whole life so that 1) my premium would have been locked in FOR LIFE and the cash value could have been borrowed if I had an emergency over these past years brIt’s true there isn’t any cash value when I die but that’s not the purpose it’s to allow for some cash NOW while I’m alive For example maybe one year I wouldn’t have been able to pay the premium I could have borrowed money (yes from myself) to pay the premiumbrHind site is 20-20 but if I had to do it over again I would have purchased whole life
Comment from : Melanie Reveal

I feel like I watched this video five years late
Comment from : An C

So can you just get a Term life insurance for say 50, 60, 70 years? Of course when you are around 25-30 years old?
Comment from : John Paul

Good one
Comment from : Kumaran Srinivasan

with the term insurance what happens after the term is up you get nothing right , that's why I like whole
Comment from : Patrick Mccann

Thank you so much for explaining that I understand a lot better now
Comment from : disneymama78

I extremely like the video, man Very helpful and informative Thank you very much It is presented so well too Great, positive work
Comment from : Henry Thomas

Whole life insurance is not for your whole life! It ends by 65 and to renew it, they charge you based on your medical at that age which is crazy i give free quotes if anyone is in the market for life insurance we all need it! we insure for life and by the medicals at the age you started your policy message me for more info ❤️❤️❤️
Comment from : Erica Jones

Marko I’m confusing on the cash Value grow for example At 15 per year Is it 15 x $650 month? No cash value grow first 10 years?
Comment from : Smart Investor 4627

You got a nice house
Comment from : VENO K

As a licensed life insurance agent, I work closely with various companies, including mutual companies that are owned by policyholders These policyholders receive dividends from the company I really enjoy watching your videos, and although I understand that this particular video is from three years ago, I noticed that some of the information provided is actually inaccurate I wanted to highlight one important point: you have control over the percentage that goes into your cash value base, and here are some examples: 10 into cash value and 90 into the base, 20 into cash value and 80 into the base, 30 into cash value and 70 into the base, and 40 into cash value and 60 into the base This information pertains specifically to whole life insurance It's worth mentioning that agents earn high commissions based on the premium of the base policy, not on the paid-up additions (the cash value)
Comment from : Gvzton

A lot of advisors mention that whole life insurance, in general, is a bad option for managing your wealth If they are so bad why do some people choose their whole life? When does it make sense to use whole life?
Comment from : Wilfred Tam

Marko - The amount of financial advice you lend for free is phenomenal! I've learnt so much from you and I feel its still tip of the iceberg In next life, please become my brother! :D :D
Comment from : Yogendra Joshi

Thanks for shooting straight with this video I was sold on a whole life insurance when I was young and you are right they absolutely screwed me lol The surrender amount for the policy and the "cash value" was not nearly what I paid for the policy and I've been paying on it for 8 years !!! When I was cancelling they were like well you can borrow $1600, I've been paying for 8 years!! I've paid close to $3500 into the policy I'm more embarrassed than upset
Comment from : Connie Beez

Ok but what would be the difference in price once your term insurance is over and you’re 65 years old, ball park how much monthly to renew?? Instead of 7 a month it goes to $500 a month ??
Comment from : Eduardo Maneira

Great video, I didnt understand the 'Debt Payoff' portion Can you explain that?
Comment from : canon Evans

Thank you for this wonderful video mark this helped me figure out what i need to do next God bless ands and have a wonderful day!
Comment from : 1000 pigeons

You have lumped all whole life together Very one sided
Comment from : Tim Gangewere

This video was amazing It’s explained everything that I needed to know beautifully Simple, non-bias , and straight to the point I definitely need to rethink my policies Thank you so much for this
Comment from : Jermany Clark

Can u Barrow money from your life insurance
Comment from : Ruel Bautista

Best video I've seen
Comment from : SUPREME

Love this content Keep up the good work!
Comment from : Neal Pandit

Thank you Marko very informative Now I understand it and I know what I have to do
Comment from : Delia Colon

Needed this! Im transitioning to offer life insurance instead of health Thank you
Comment from : Michael Robinson

This comparison is not entirely accurate The death benefit of whole life insurance grows as a result of the growing cash value It is misleading to compare a level term death benefit or $500,000 vs a $500,000 death benefit Many years down the road, the death benefit of the whole life insurance policy will be much larger than $500,000 The way this was explained, it sounds like you’re just paying a lot more for the exact same outcome, which isn’t true
Comment from : Popcorn Giggles

That was brilliant!
Comment from : realmadridforever77

By far the simplest explanation I seen With thruth and unbiased comments Thank You for that! It cleared so many questions I had
Comment from : scullface00

Dang two people have been trying to talk me into something called whole life index policies or something like that says I can get cash flow by taking a loan and I don’t have to pay it back, what I “borrow” will come out of the death benefit It just seems shady it looks like I pay for 3 different types of life insurance through my job though so my son should be good
Comment from : Kimberella210

F
Comment from : Liliana Iacob

This video was so informative! 😊 I'm grateful to have a better understanding of term vs whole life insurance 🙏
Comment from : Margert Jaureguy

Just what I needed to see thanks
Comment from : Luis Villar

Great video! I appreciate the clear explanations 😊👍
Comment from : Clarine Kelso

Thank you for making this so easy to understand I love Term Life!!!!
Comment from : Wendy Jeter

This video was extremely helpful! 😊 It's great to finally understand the differences between term and whole life insurance Thank you for breaking it down so clearly! 🙌
Comment from : Caryl Dyers

Marko what is Direct term life insurance
Comment from : Art Mercado

u suck with the white board i learned very little why not do a split board?
Comment from : Maxiano Acosta

why do people act like giving a company in 40 years 200,000 dollars of cash ,, and getting 1 million to a family member how in the world do you think that is bad like your dead who gives a shit your fam got 1million
Comment from : B D

Very helpful Thanks
Comment from : George Baltakian Real Estate

Soooo get an IUL? Lol
Comment from : Jason Junior

Also, whole life insurance companies will charge “surrender fees” when you cash out the policy Some will keep as as much as 40 of the cash value
Comment from : Matthew Stewart

Global vs Aflac, i heard, are good I would love to know if anyone has either one of those If so, what do you think of it
Comment from : Von Bolden

So what you recommend
Comment from : Christian Zambrano

That man told us he is depressed in first 30 sec with a happy face
Comment from : Supreme Leader

Great video!
Comment from : DJ Sells Life Insurance

Hey dude you have a really nice house! Sorry good video Have a prosperous day! Thank you
Comment from : Dylan Basu

During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
Comment from : Alice Jurasek

Greetings Anyone have recommendations on insurance companies that are credible?
Comment from : Lorraine Mayes Chambers

What is the best life insurance for a 60 year old person on social security disability (due to a heart condition that only worsens with each passing day) that wants to make sure that in case of their death that at least their funeral expenses can be paid? I worry about this all the time that no one in my family will be able to afford to bury me
Comment from : 5150 Rockwear by Eddie

If u have whole life insurance and u die at 87 from old age, do u get paid out the full death benefit? Or do u online get paid death benefit if u die accidentally
Comment from : Ivan Marjanovic

life insurance security systems god you sound BORING
Comment from : Skyerzen

Thank you
Comment from : GYLT LLC

So for term life insurance , when he says “Debt pay off” , that only concurs whenever you pass away right ?
Comment from : David Hernandez

Crazy how my policy gives me 45 annually, has a much higher life benefit than term, covers me regardless of how I die, and gives me one of the best personal, customizable, and self controlled loans I can have without going to a lender for my business and my investments
Comment from : Josh Poetoehena

No help!
Comment from : Jason Williams

You can control the premium minimum on death benefits Everyone do your do diligence He sounds pro term Whole life is the "be your own bank" policy!
Comment from : Jason Williams

Great video - the breakdown and explanation make this very easy to digest as someone newly looking into life insurance Thank you!!!
Comment from : Andrew R

Thank you for this video Currently I have someone trying to getbrMe to do a lump sum for whole life insurance They explain the pros but never the cons Valuable info thank you
Comment from : Abby A

Wow brWhat a rip off for whole life insurance brSMH brMan thank for the clarification bro brJust subscribed brThank you for the video and education
Comment from : Bee Xiong

Honestly, I only watch these videos because he's cute
Comment from : Juan Jose Montalvan

"you croak within 20-30 years" LOLLLL
Comment from : Chodes M

Writing
Comment from : Imran Ali

W man
Comment from : Unlocked Podcast

I have a whole life insurance now I have been on it for a year How do I get out? They said they will not refund my premium I pay $500 a month Can anyone help me?
Comment from : anu rai

10-12 times my salary would equal interest income that my family could never live off (it would cover the car and that’s it) - unless they live on island 🏝️ with no cost
Comment from : CH1301

Hello, so what am I suppose to do with 93$ dollars? invest it in roth? please explain, thank you in advance
Comment from : Alex Dro

Just buy term and invest the difference you would have paid into a whole life, it’s that simple Great video
Comment from : TheGrayArea

Dave Ramsey is wrong about cash value ins brIt is hard to keep making 8 in the market What about fees and taxes? You seem to discount these The fees, in actively managed funds are expensive (these are what Dave recommends) However in whole life you make allot more than 22
Comment from : jfrontier1

It does not sound like you are structuring th whole life policy correctly Of course the cash value goes back to the beneficiary, if done correctly
Comment from : jfrontier1

How long have you been licensed in insurance You’re very knowledgeable
Comment from : Gilles Ductan

This is so biased, What about chronic disease, or disability coverage not to mention the interest that you are paying goes back to yourself Why can’t people just be honest
Comment from : Mister Hunter

I just wanted to add that if if you get a life insurance policy with 90 percent PUA and 10 percent base the cash yield can be 3 to 6 percent guaranteed and can double as your emergency fund where you may store a years worth of experience If you are interested I can share more information and data from my policies
Comment from : Matt Ehlen

Great video
Comment from : Le Nguyen

Do you recommend getting life insurance in general?
Comment from : Zone 7 Permaculture

My friend you just saved me a lot more headaches Thank You this video was informative
Comment from : Ray Ross

This video is a great reminder of the importance of having a solid financial plan in place Life insurance is an essential part of that plan and offers peace of mind for you and your loved ones If you're in need of a life insurance policy, I highly recommend reaching out to Danny Niederhofer- Country Financial Their expert team will help you find the right policy to fit your needs and budget #LifeInsurance #SecureYourFuture #DannyNiederhoferCountryFinancial #ExpertAdvice
Comment from : Daniel Niederhofer

Love your garden shed!
Comment from : cjt8619

I went with 35years term with living benefits at 38$ a month & 20$ a month for 200k Accidental D&D I’m turning 27 and I got it when I was 25 The way I look at it is JUST IN CASE since I have a daughter and son to worry about
Comment from : Kauhane Lopes

What is a custom whole life policy? Someone I know showed me their's from New York Life, it said "custom 8 year" WL They pay over $10k per year & the DB is $100k If they don't die in that time & don't continue their policy after the 8 yrs, is there no DB? Did they just pay all that $ for nothing?
Comment from : C R

This sucks I can't get approved cuz I have hep b They deny you for freaking health I'm sorry I feel like insurance is a scam what's the point of having it And my condition is chronic and some people can't cure it What's the point of having it cuz of denying cuz of medical condition Isn't that the point of having life insurance so u can protect ur family for future How am I'm supposed to get approved My chronic hep b won't go away cuz it was late when I found out
Comment from : LilttleM Jackson

Wow so glad I came across this ! My mom don’t even know this she always said get whole life I’m getting me and my children term life !
Comment from : Amia Johnson

Marko doesn't understand how policy loans work in WL Before we get into the benefits, let me explain some basic insurance lingo With any whole-life policy, there is a cash value that is available to access as the policy grows over time There are many options for how this money can be used in the future One example includes taking a loan from an insurance company and using the cash value as collateral, also known as a policy loan With a policy loan, you are charged a set interest rate on the borrowed money, and not actually accessing the actual cash value So the insurance company still pays dividends on the full cash value even when you have taken out a loan Also regarding the cash value! The Cash Value is used to keep premiums low and level for life I prefer Universal Life vs Whole life, but Marko only has about 85 of his presentation correct Term Life insurance is very good for young families and businesses - buy/sell and key person, but for long-term needs, you should consider a permanent Universal life planbrLeonard R Dean, CFP®
Comment from : Lenny Dean