What is the Difference Between Term, Whole Life and Universal Life?

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  • เผยแพร่เมื่อ 6 ม.ค. 2025

ความคิดเห็น • 36

  • @aracelitalks
    @aracelitalks 4 ปีที่แล้ว +14

    YOU MAKE THIS INFORMATION EASY TO UNDERSTAND! THANK YOU!

  • @karthickentrepreneur8615
    @karthickentrepreneur8615 9 หลายเดือนก่อน +1

    Sir, This information is great. Absolute gold

    • @missedfortune
      @missedfortune  9 หลายเดือนก่อน

      Glad it was helpful!

  • @ellaestaterealty
    @ellaestaterealty 4 ปีที่แล้ว +9

    My boyfriend is in insurance. I'm going to be able to understand his conversation so much better. Thanks for the information. Excited for the series!

    • @missedfortune
      @missedfortune  4 ปีที่แล้ว +1

      If he is interested in learning more as a professional, please look at my new training and tools: www.iulinsiderpro.com/training-registration

  • @Just_forfun9140
    @Just_forfun9140 4 ปีที่แล้ว +2

    You are very good in teaching the differences, i.e. if they listen to you without blinking an eye and without a wandering mind ! However, one can replay the recording if they missed anything.

  • @remzu12pd85
    @remzu12pd85 3 ปีที่แล้ว +4

    Wow, this is gold informations ! thanks

  • @Traslashuellas07
    @Traslashuellas07 2 ปีที่แล้ว +2

    Thanks for sharing this powerful information Doug, Im your fan and you are my mentor. I’ve been a year in a half in this industry, started offering IUL to my clients.
    Houston Texas
    God bless

    • @missedfortune
      @missedfortune  2 ปีที่แล้ว +2

      That’s great! Thanks for watching!

    • @LuxeprivaeMedia
      @LuxeprivaeMedia 6 หลายเดือนก่อน

      Congratulations 🎉
      which IMO do you work with?

  • @Just_forfun9140
    @Just_forfun9140 4 ปีที่แล้ว +1

    If life insurance is used for retirement purpose only for income or pension (by giving up a chunk of money up front ), and have no beneficiaries to pass it to, and the owner is self, is it possible to get a bigger monthly check from it? In other words is it better than an income annuity.

    • @missedfortune
      @missedfortune  4 ปีที่แล้ว +3

      Yes, when structured correctly it will not only add more each month but will give you much greater flexibility as well!

  • @arturovalladares3174
    @arturovalladares3174 ปีที่แล้ว +1

    So nice

  • @pheotonia
    @pheotonia 4 ปีที่แล้ว +2

    I'm on Chapter 8 of the LASER FUND book!

    • @missedfortune
      @missedfortune  4 ปีที่แล้ว +1

      Awesome! Thank you for reading. I hope it gives you some great financial clarity and direction!

    • @pheotonia
      @pheotonia 4 ปีที่แล้ว +1

      @@missedfortune Oh I understand what's going on, your are filling in the blanks for me! I used to have a Life Insurance Sales License in California back in 1995. But life took me into another direction and I let it pass away.

  • @UnaVidaSinExcusas
    @UnaVidaSinExcusas 2 ปีที่แล้ว +1

    How can one put $100,000 into the policy when the insurance company will not let you do that. I really want to know.

    • @ejbarraza
      @ejbarraza 2 ปีที่แล้ว +1

      1035 exchange a large upfront lump sum.

  • @firstlast3192
    @firstlast3192 ปีที่แล้ว +1

    What is the difference between indexed universal life and a fixed indexed annuity (FIA)? They appear to be the same.

  • @christitunal3772
    @christitunal3772 2 ปีที่แล้ว

    Would this be a wise thing to do for my children? Get them a whole life policy right now so that they have a high value as adults? I am more concerned about setting my children up for the future

  • @Anonyme67
    @Anonyme67 2 ปีที่แล้ว

    Thank you so much

  • @abdulsalambasit8146
    @abdulsalambasit8146 4 ปีที่แล้ว

    Andrew can I get this book in Canada

  • @treesamichael3779
    @treesamichael3779 4 ปีที่แล้ว +2

    Andrew, you are forgetting the fact that very few 30 or 40 yr old have 200000 or even 100000 or even 50000 to pay a single premium.

    • @missedfortune
      @missedfortune  4 ปีที่แล้ว +5

      If you are younger, you can get a max-funded IUL started with $500 per month.

    • @raquelrosmaninho9212
      @raquelrosmaninho9212 2 ปีที่แล้ว +1

      Well, that’s the main issue in the world- lack of financial education. If people had that since they were kids, by the age of 30 they would already have a small fortune. Also people don’t want to make any sacrifices. You have to save at least 30% of what you earn. If you can’t save that much try 20% or 10% but never spent all you make

  • @braydanforestell6884
    @braydanforestell6884 3 ปีที่แล้ว +2

    Great video here, something for you to remember is to always implement term insurance because you don’t need insurance forever. The goal is to be financially independent not live off of your insurance policy that most likely will lapse before you’ve even got time to use it.

    • @sashas3362
      @sashas3362 3 ปีที่แล้ว +3

      No offense but you don't know what you are talking about. Term doesn't give you all of the same financial benefits people are sometimes looking for. You obviously aren't paying attention to what this guy is saying.

    • @markcassara
      @markcassara 3 ปีที่แล้ว +1

      Dave (Ramsey) quit trolling!!!

  • @priscillajimenez27
    @priscillajimenez27 7 หลายเดือนก่อน

    According to AJ Sheff, LASER Fund isn't the best way to go.

    • @missedfortune
      @missedfortune  6 หลายเดือนก่อน

      To learn more and determine for yourself how the LASER Fund strategies will work for you and your particular set of circumstances, check out our website. 3dimensionalwealth.com/getstarted

  • @eduardonazareno9155
    @eduardonazareno9155 4 ปีที่แล้ว +2

    Let's get deeper!!

    • @missedfortune
      @missedfortune  4 ปีที่แล้ว

      If you are interested in learning more as a professional, please look at my new training and tools: www.iulinsiderpro.com/training-registration

  • @anilo1
    @anilo1 ปีที่แล้ว +2

    You lost me on 1 of 21.