Personal Financial Planning Tips : How to Buy Life Insurance
Life-insurance policies come two ways, a term policy or a whole-life policy, and they can be bought online or through a life-insurance agent. Purchase a life-insurance policy and give family members piece of mind with helpful hints from a financial planner in free personal-finance video.
Expert: Julie Asti, CFP
Bio: Julie Asti works as a financial planner for Asti Financial.
Filmmaker: Bing Hu
Duration : 0:2:16
[youtube JVpF99zuQhA]
Categories: Personal Finance Tips Credit Card, debt, finance, income, Investments, Irs, Life Insurance, Money, Mutual Funds, Stocks, Tax Deduction
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LISTEN,folks don’t …
LISTEN,folks don’t believe me or the Market Place show about TERM insurance being the best.
Do a You Tube of Suzzie Orman who has written books and is an expert.
TYPE INTO ———–> YOU TUBE [ SUSAN ORMAN ON LIFE INSURANCE ]
She will tell you the ___REAL TRUTH___that Term Insurance is good for you and CHEAP and all other types are good for the person selling that ” insurance product ” to you the poor customer that willl make the seller rich. :0)
savings acct that …
savings acct that pays a half of 1%….& is actually reported as gained income. LOL…don’t even get me started on the CD’s (Certificate of Depreciation). Oh yeah….how’s that term insurance that expired at age 60 for that 31 yr. old going to work for his estate when he passes away at 82? One more thing….most people who have Whole Life…already have some Term mixed in w/their program; so they have both sides covered…& is prepared for the LONG HAUL…unlike your 31 yr. old counterpart.
We all know term is …
We all know term is cheaper; however if you did your research FULLY…..you’d also know there’s a reason why 70% of Term Policies lapse within the 1st 10 yrs. Another thing….I don’t necessarily refer to Whole Life as an “investment”. I look at it more as a “savings vehicle” that’s going to get you a better return than anything at the bank that’s outside the stock market. I think a 4-6% return that grows tax-deferred…& is usually withdrawn TAX FREE…is better than some raggedy (CONTINUED)
@RETIREMESOON: Yeah …
@RETIREMESOON: Yeah I can read just fine; I could run circles around you w/my eyes closed regarding any type of grammatical content. ANYWAYS….I don’t care about your “research” because you apparently haven’t researched enough. Anybody with any REAL knowledge within the industry knows that you can’t just throw blanket statements out there; you can’t paint everybody w/the same brush. It’s not as clear-cut as you make it seem to be. (CONTINUED)…
DO YOU KNOW HOW TO …
DO YOU KNOW HOW TO READ ?
Read it agin Sam.I’m not talking about buying Life insurance at 51 :0)
I’m talking about people buying Life Insurabnce at 23 or 31 to protect their children and spouse.
TERM INSURANCE is cheap to buy if you are healthy and don’t smoke.
DO NOT BU whole life Insurance because it is __EXPENSIVE__ and $ 60,000 is not enough to live on when you can buy Term and have $250,000 for the same amount of cost.
Whole life is a scam that is an investment.
@RETIREMESOON: …
@RETIREMESOON: Yeah…no duh…if you wait until you’re 51 to get life insurance…of course the premium is going to be THROUGH THE ROOF! The longer you wait….the more expensive it will cost! Also…you’re complaining about ONLY leaving $60,000 to the kids? Well….lets see how that 20 or 30 yr. Term works out for you when/if you live until your 95….but the term policy expired when you were 80!! The longer you wait to get covered….the least amount of options you will have!
I am 51 and years …
I am 51 and years ago I did massive research into life insurance through my brothers with Masters degrees in Economics and through “Market Place” in Canada that investigated Whole life versus Term.
Term is what you want with a medical examination up front !!!!
Whole life is were you try to use insurance as a crappy investment vehicle and end up screwing your loved ones when you die and leave only $60,000 dollars to raise the children because 250,000 or 500,000. is too expensive.