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screw that piece of dudu, he created winred, winred is a fraudulent company, scam, shares you info, spam texts and emails, change your freakin number to escape, he is Satan
First of all I love Kahn and 2 of my kids went thru college with support from many of Kahn Academy videos. Having said that, the whole life explanation is not entirely accurate. I bought my whole life policy the year I got married in 1989. Premium was just a tad over $1000/yearly (so first things first they are not THAT much higher than term by 10X as he portrays). Secondly, I only paid those premiums for about 9 years. Around late 1990s the additional paid-up insurance and cash value spit out enough dividends that I never had to pay another premium for almost 20 years. That changed only recently when, due to low interest rates in 2019 and 20 (unlike this year where they spiked higher) I had to contribute a few hundred dollars. So my policy was only paid for 9 years and then for 20 years it paid for itself. I'm now contemplating rolling into fixed index annuity as I'm at the point where my savings/holdings are worth more than my policies were and no longer need the death benefit as my kids are financially affluent on their own.
win red campaign donations are a scam .. deceptive mass non stop harassing message and e mails...it's a robot...don't pay robots... I've expressed my concerns to this organization never got a response I did it more than once. Robots don't respond
win red campaign donations are a scam .. deceptive mass non stop harassing message and e mails...it's a robot...don't pay robots... I've expressed my concerns to this organization never got a response I did it more than once. Robots don't respond
win red campaign donations are a scam .. deceptive mass non stop harassing message and e mails...it's a robot...don't pay robots... I've expressed my concerns to this organization never got a response I did it more than once. Robots don't respond
win red campaign donations are a scam .. deceptive mass non stop harassing message and e mails...it's a robot...don't pay robots... I've expressed my concerns to this organization never got a response I did it more than once. Robots don't respond
win red campaign donations are a scam .. deceptive mass non stop harassing message and e mails...it's a robot...don't pay robots... I've expressed my concerns to this organization never got a response I did it more than once. Robots don't respond
I doubt you can still buy a policy where the cash value would be more than the death benefit. Maybe that was true ten years ago? It should be pointed out that if you take the cash value, you will be taxed on it and then it may be further taxed 40% estate tax depending on the estate size. Insurance death benefit is not taxed.
Term, Whole and Universal life insurance, which all have subsections. State policies also vary which is why talking to multiple insurance agents to weigh your options is probably a good step to take before deciding on your insurance needs
Statistically speaking, a very, very small percentage of people "saved that money". A lot of people like to convince themselves into believing this. I believe, for men particularly, it's another out as to why not to invest in a life policy for your loved ones. Those who count on you for their safety, security, and peace of mind...especially after we are gone.
