The TRUTH About Life Insurance – The Good, The Bad, & The Ugly

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Life insurance can be a touchy subject which is why we’re going to break down what life insurance is, how life insurance works, and the difference between term life insurance and whole life insurance so you can make a smart life insurance decision for your family.
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The TRUTH About Life Insurance – The Good, The Bad, & The Ugly
0:26 – No one likes talking about life insurance or talking to those pushy life insurance agents
0:53 – What the heck is life insurance | life insurance explained
1:18 – Not all life insurance is good life insurance | whole life insurance vs. term life insurance
2:17 – Insurance is meant to be risk protection which is why term life insurance is so much better than whole life insurance also known as universal life insurance
2:47 – Life insurance is not meant to be an investment it is a risk management strategy – looking at the cost of life insurance
3:50 – When you buy whole life insurance you’re essentially buying an investment but it’s not a great investment
4:45 – Think about your money – why do insurance companies push whole life insurance so much
5:53 – How much life insurance do you need
6:29 – The only time I want my money wasted is with insurance

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Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

Think from the mindset of a consumer and be the provider, that’s the Minority Mindset. Don’t be the majority. #MIH #GetMoneySmart


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Video host: Jaspreet Singh

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