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dave ramsey has no …
dave ramsey has no true credentials…his numbers and assumptions are off. People need to understand he is a financial ENTERTAINER.

car insurance, or …
car insurance, or homeowners insurance..ect….

it would depend on …
it would depend on what you consider affordable and how much coverage you have..for some people, $150-200+ for life insurance is affordable, for most, its either on the boundy, or out of their range..its hard ot make a judgement on anyones situation without knowing all the facts..i would suppsoe my main opposition to WL, is it seems fundamentally unsound to combine 2 things(insurance & investments) that serves diff purposes..it would seem foolish to combine an invest. account to ones

i’m not rich yet, …
i’m not rich yet,but  I can afford it

my guess would be …
my guess would be that rich people are the only ones who can afford the premiums

Finally, anyone …
Finally, anyone who’s saving for retirement is looking at long-term results. Any financial advisor who has the slightest clue what they’re doing sees a down market as a BUYING opportunity. The reason people get into trouble is that they listen to fear mongering crooks who have them sell their positions to buy low or no return “investments” that they claim are “low risk”, in order to make a quick buck off them.

First of all whole …
First of all whole life is not an investment. The cash value is part of the death benefit. If you have a $50k whole life policy & you manage to accumulate $10k in cash value & you die, the company only pays out $50k. Dividends in an insurance policy come from an overpayment on premiums not from investment returns. Essentially you’re giving the company an interest free loan & they feel you should be pleased if they actually give it back at some point. What a joke.

NOT, and those that …
NOT, and those that could retire couldn’t retire cause of the losses. WL diversify’s your portfolio too, but it builds in guarantees, gives you flexiiblity and control. No people are in financial trouble because they don’t start planning soon enough, and young people think they are invincible and have all this time in the world to plan and they don’t. Not even considering that life expectency of individuals going up, and people are planning for these issues.

Take a company like …
Take a company like Mass Mutual for instance who has been paying a dividend every year since they been around, yes it flucuates but it pays a dividend. WL isn’t for everyone ur right, but if someone can afford WL at a young age and lock in their insurability and make it part of their portfolio why not? Contract Wealth vs Statement Wealth, and i have WL and Term both. Investing the rest doesn’t guarantee you anything, 2008 great example. Everyone’s portfolio looked awesome

You forgot to …
You forgot to mention dividends from an insurance policy come from overpayment on premiums, not from investment returns. This is why this garbage costs up to 10 times more than term & why people are left drastically underinsured in the event that there’s a need for it. Take the amount overpaid on WL, get the proper amount of term & invest the difference. People are in financial trouble due to the misinformation they get from crooks in the industry.

@a1prime1, If he …
@a1prime1, If he had a whole life policy and times are bad and he couldn’t pay his premium then thats when you take your dividend that you are receiving to pay the premiums. By the time he reaches 51 he would have had the policy inforce long enough that the dividends would be enough to pay his premium. own side is the cash value doesn’t grow but he does have permanent life insurance (flexability) Ramsey’s idea = terrible. FACT today people save less than any generation.

As insurance …
As insurance advisors – we dont work on hypothetical issues. We look at estate planning and combine term and whole life according to the needs of the client.

Whole life is a …
Whole life is a joke if you don’t know what you’re doing with your money. The best plan is diversify. There’s really no solid plan you can bank on, even mutual funds, 401ks, stocks could rip you off bigtime

Whole life is a …
Whole life is a joke.

This is common poor …
This is common poor and middle class thinking. These advices are designed to reach a larger audience, insurance has been used to transfer wealth for generations. If UL really sucks why do big banks offer them to the rich people only?