Life Insurance 101 (WATCH THIS BEFORE YOU BUY)
ฝัง
- เผยแพร่เมื่อ 30 ก.ค. 2024
- After getting my own life insurance policy last year, I've been blown away by what a cool tax-free, wealth-building loophole it is. They don't call it "Rich Man's Roth IRA" for nothing! Financial education, people! That being said, life insurance can be confusing, and there's a lot of bad products/salespeople out there, so this video I share everything I know about life insurance and how to decide if it's a fit for you.
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TIMESTAMPS
00:01:10 - What is life insurance?
00:06:40 - What's best for you... Term Life vs. Permanent Life?
00:12:00 - When is the best time to get life insurance?
00:16:25 - How to choose a GOOD life insurance policy
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Get an assessment of your financial situation and learn more about how different policies work
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SOME NAMES OF REPUTABLE MUTUALLY-OWNED INSURANCE COMPANIES
Northwestern Mutual, National Life, John Hancock, Mutual of Omaha, Minnesota Mutual, Nationwide
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
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The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
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Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
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Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
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Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
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Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
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Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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• Life Insurance 101 (WA...
Hi Rose,
Great Vid. Just a couple of things. 1. In an IUL policy, if you take a policy WITHDRAWAL from your Cash Value account, depending on the amount, that is a TAXABLE event. Therefore, to take advantage of life insurances' tax advantages pertaining to IRS rule 7702, ALWAYS take away from your Cash Value Account as a POLICY LOAN, not a withdrawal.
2. in an IUL, the money is NOT INVESTED directly into the STOCK MARKET. It is invested into INDEX OPTIONS that TRACK a market like the S&P 500, Hang Seng, Credit Suisse, etc.. VARIABLE LIFE Insurance products would be an insurance product that uses the separate account to INVEST DIRECTLY into the stock market. Hope this helps. 😁😁
Late bloomer here. I bought my policy after 40, so permanent insurance was way too expensive. I bought a term policy that was a third of the cost of permanent. My wife bought a permanent policy in her early 20s, so she's paying very little and getting so much more. Listen to Rose, kids. Jump on this ASAP!
This product has so many cons it's ridiculous. Very controversial whether young kids even need to buy that themselves...
You can achieve much more by just maximizing your retirement accounts. And you can even borrow against them, so I don't really understand the appeal of life insurance at this point.
@@alexvig2369life insurance has been taken from its purpose unfortunately, it’s supposed to be for when you die but unfortunately many life agents sell to people as an Investment to get money , can’t blame them that’s were they get the money
@@alexvig2369 me as well
ALWAYS term life insurance, never whole life AKA permanent life insurance. It is not a tax advantaged account and will end up costing you money (source: I am a tax CPA). Much better to invest inyour money in a Roth or Traditional IRA. Or if you're at the cap on those, it would be better to invest with a brokerage account. NEVER pay to use your own money with a permanent life policy. Term life, yes recommend 100%.
My father worked for an insurance company and told me how badly people got scammed on whole life policies. Please buy term and invest the difference.
Yeah, its frustrating to see all the Whole Life praise in this video.
Whole life is opening a savings account with the bank, the first three years the bank keeps all your deposits, then after those three years you get awful rates of return, you can't withdraw the money from the account without taking out a loan against it and paying the bank the interest, then when you die they keep all the money you spent years trying to grow.
They front load the fees because they know most people won't be able to keep up with the huge monthly payments and when they cancel they get absolutely nothing from it since they haven't yet earned any cash value in the account.
Yes, you are right. Good for you.
Rose, I absolutely love your videos. They are so useful. I have been thinking about getting life insurance for a while now. I had no idea about the difference types of life insurance. I do not have or plan to have kids but do take care of my elderly mother, who is basically my dependent. This video has given me a lot to think about. Last year my sister passed and I was the beneficiary on her life insurance. With the money she left me, I will be able to realize my dream of owning a home as I am using the money for a down payment. I never thought about life insurance before that. But it's a great thing to have for a loved one. It was so generous of her and I'm so touched she wanted me to be taken care of. I thank you for your videos, and for all you do to help us learn about these important topics.
I’m so sorry for your loss. I, too wish to do that for my siblings. Would you mind sharing if the insurance company gave you a hard time when you filed the claim? I’m in search of insurance companies that have a good reputation. Thanks!
Good information, Rose. Here is a tip from my personal experience: Many people rely on the term insurance that they receive through their jobs. That's fine as long as you are employed. If you lose your job, you lose your insurance. At that point, if you have had health issues, you may find yourself to be uninsurable or the cost to be prohibitive. I recommend that you purchase life insurance (either whole life or term) OUTSIDE OF YOUR EMPLOYMENT SITUATION in your young healthy years.
Im life licensed and financial securities licensed. Permanent life insurance with a cash value is always a rip off-stay clear of those money pits. Term is the way to go. It works when you have proper investments set up. Can check out what Dave Ramsey and Suze Orman have to say about these things-they are for term and 100% against permanent/cash value.
Jesus... the nonsense you have over there in America 🤦♂
Hi Rose! Thanks for doing such a detailed breakdown of what permanent life insurance is. Would you consider doing a video directly comparing and contrasting term vs permanent with pro's and cons of each, and who the different policies are best for based on their financial information?
I didn’t know about the investment side of life insurance. Thank you Rose for sharing your knowledge with us.
Hi Rose, this is a timely video for me! Thank you for covering this! Can you do a video how exactly to take loans (process, what to be careful of as to interests etc.) out of it, and what you would do with the loan to build your wealth. I love your down to earth and real person perspective, and relatable advices! Thank you!!
You are so good at explaining all these different investment vehicles! I can't tell you how many videos I watched on IUL insurance because someone was trying to sell me on it but I still did not understand at all how it worked till I came across your video that has explained it the best! Thank you Rose!
Very informative and I definitely learned a lot.
So getting life insurance as an investment vehicle is worthwhile only after the following considerations:
401k company match
Max out Roth IRA
Max out HSA
Minimal to no debt
Stable Income
Reasonable nest egg
It'll probably be a while before I meet all of those but it's something I'll keep in mind.
This is a good break down. Thank you. Also you got it!
If you're interested in getting life insurance for yourself, book a free call with my trusted insurance agent! Ask a lot of questions, and don't ever buy insurance from anybody without fully understanding it.
▶▶▶ calendly.com/yairklyman
I just love when Rose posts her videos. I look 👀 forward to Rose’s videos every Thursday💖.
That was a great explanation of insurance options Rose and how to prioritize it as an investment vehicle. Keep up the great videos!
Seriously the best financial youtube account ive found thats straight to the point, explained in a way I understand and very helpful!
I taught this would be a boring topic but you found a way to make it interesting. Good job
Thank you for this video! I’m currently researching what life insurance is and has no idea where to start but you summarized everything so well!!
I really appreciate this video. You explain it extremely well. The term life insurance is affordable, but the permanent life insurance sounds really great too. I will take some information from your video and use in my decision making process about taking out an insurance policy. Thanks again for this great video. Great job, and well done.
Very interesting! Never knew you could use life insurance as an investment vehicle. Thank you again Rose!
I am a licensed agent and senior advisor in this industry. Rose is 100% correct. Having coverage and savings as an IUL is the smarter way to go. National Life is the best in this industry. Their living benefits is so invested and beneficial in the members, the policy holders. If anyone is interested please feel free to reach out. Our purpose is to teach and show people about these types of policies, not force anyone to purchase.
This video gave me clarity! 🙌 I appreciate the simple and concise explanation. 💯
I love your channel! I always get the info I’m looking for and then some. Thank you!!
I am glad that you cover this topic. I will forward this video to my coworkers...
That perfectly sums up life insurance , Great job Rose . I am an independently Insurance person in Canada I follow those principles that you laid out .
Great information, video and channel. Always enjoy the context you provide. Keep up the great job. 💐
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Super informative video and you explained all of the concepts simply! Thanks!
Helpful video...thank you. 🙏🏽Initially had IUL and years later switched to WL. IUL have exponently increasingly COI (Cost Of Insurance) which kills the Compounding effect.
Very relevant and helpful thank you for all you do and for the excellent editing!
Thank you, I have had a IUL for many years now but I got one not really understanding why. But to see I can put a large amount in changes my outlook on things. But I will be booking a meeting because I want to know more about making sure the family has one or should I just have one large policy very tuff.
Thanks Rose 🙌
Thanks for all the detailed information you have provided in this video. I like your way of explaining every point. Keep sharing such great videos in the future also.
Yes! It is a wealth maintenance plan if an income earner has kids or family members (spouses, siblings, and neices/newphews). It might not make them rich, but it helps them out in the worst case scenario.
Love the channel!!! Just legally became an adult and your videos have helped me tremendously!
Thank you! So great to hear that my videos are helping you at "adulting" 😊
Hehe love the profile picture Midoriya
@@AntonioInvests Me too. Midoriya. ✔ Bi colors.✔
It is the right time to take insurance for yourself. Go with permanent if it fits and enjoy the ride. Come and watch my channel also
Thank you for sharing this information. It was extremely helpful in understanding life insurance. I’ve been researching for weeks and you’re video was more helpful than all the others I watched COMBINED! And I watched a lot of ‘em smh.
You are the best explains this things!! Thank you so much! 😍
Great information as always. Thank you Rose!
I am so happy I got permanent life insurance. Every Wednesday I am learning something new, thank you Rose. (:
Very informative video! I am new to this topic, so I am failing to see the benefits of permanent life insurance. Maybe someone can clarify.
How I understand it:
The cash value that is accumulated in the policy is only available only to you, and it disappears when you pass away. If you pull out the cash value, you surrender your policy, which surrenders the life insurance amount you signed up for.
If you are investing in life insurance just to pull it out at a later age, you will not have to pay tax on the money now, but you will need to pay tax on the earnings. So in the example, if you had put in $400k, and the policy was worth $1M, you would have to pay tax on the difference. In addition, there are fees/commissions associated with these policies, and the growth rate is likely lower than if you invested your money elsewhere.
Amazing Rose! I have my policy with PacLife because of the 2.7 multiplier! So thankful you POSTED THIS VIDEO!!
Another solid video. I really like showing these videos that cover the fundamentals to my kids. Thanks
Nice job covering this topic, Rose! Saving to my financial besties playlist!
Rose, you are awesome! So helpful. I’m literally binging all your vids and taking notes along the way. I have 2 questions about life insurance. 1) didn’t you say the premium would decrease over the years? Or did I misunderstand that? I ask bc you have an example where you pay the same amount every year so I wasn’t sure which one was correct. 2) If Life Insurance gets more expensive the longer you wait and if there’s a higher cap on what you can invest, why should I max out my Roth IRA before this?
Thanks again Rose!
One of your best videos by far. I think your channel really hits it's stride when you are explaining investing vehicles outside of the mainstream TH-cam finance.
Thank you!
wow this is great information (as always)! Thank you, Queen 👑
Great deep dive video. Very clear! Thank you, Rose.
Hi Rose, I was really enjoying your videos until I watched this one. The only life insurance people need is inexpensive term insurance. Permanent insurance is a financial scam perpetrated on people for decades. The only winner on permanent insurance is the insurance company and the person who sold to you as they collect huge commissions. Please do a full cash flow analysis comparing "Term Insurance/Invest the difference" versus a "Permanent life" policy. Remember, if you pass away during your Permanent policy your dependent will only receive your death proceeds and WILL NOT receive the monies you were setting aside as the cash value. Ask yourself, why wouldn't your dependents get the cash value plus the death penalty when you pass away? Just as you stated: "you have to pay into it a long time" Ask yourself, why? What is is the cost benefit? Also, rent versus own your home is a terrible analogy to use and is very misleading to the average person. Again, do a full cash flow analysis over 20 or 30 years and compare Term vs Permanent. The money you will save with Term insurance will do much better in a true investment. Also, your using Insurance Industry talking points over and over again and telling your viewers to trust any insurance agent is very concerning. Good luck to your viewers!
Spot on. Every point. Permanent life insurance is a terrible idea for virtually everybody. Period.
Exactly, this comment is spot on. I plan on doing this same analysis for term/invest the difference vs whole insurance (I’ll take a look at their market investment options to make it a fair fight) for myself. I generally do not like to mix insurance and investing anyway, but I need to do my own due diligence. Term insurance, however, is almost always the best for most people.
All good - you are 100% free to decide what is best for you.
It really depends on what your needs and wants are. Some people actually want to have whole life insurance (permanent insurance for those trying to understand the lingo still) because of the features an benefits of it. In term insurance, you can't cash out but it will when you die so that beneficiary receives it. With whole life, yes you are paying for life however you can take money out at after a certain point which isn't long btw. You may want to have access to that cash...
It sounds like for you Nick, that isn't the fit which is fine but let's be clear you vs other folks needs. Whole life wouldn't exist if it didn't serve a purpose to the customer's benefit and I'm saying that as someone who's going to help families out there with deciding their own policies for life insurance this month.
Agree completely. I think it's a bad idea to combine insurance and investing. It would be much more responsible to perform a cash flow analysis. I may do this for my viewers.
This is such an important topic people don't think about enough. My best friend's dad dropped dead of a heart attack at 46... while he was riding his bicycle, which he did daily. Thankfully, he had a very good life insurance policy that took care of my friend, her sister, and his wife (their step-mom). Also, while no one wants to think about dying, or their loved ones dying, anyone who has had to deal with those situations know death is EXPENSIVE. It's not just your burial, what your remains are kept in, but also the time and resources it takes to get rid of the belongings of someone who has passed on. Those all cost thousands of dollars. And the last kind thing you can do for your loved ones is not leave that financial burden on them when they're already grieving your loss.
Great video! Very informative 😊👌 It's important to educate ourselves on life insurance options.
Rose, with your knowledge of the stock market and the guidance you provide I am really surprised you are advocating for permanent life insurance. People need to understand the fees associated with those loans against their "cash values" because that could harm your growth over time. Term life insurance should always be explained with and investment portfolio as well. Look at the schedules for whole life or index policies and it has the possibility to "eat" itself with the monthly premiums as a certain point.
Good to know these things. Important to plan ahead and be prepared for unexpected situations. Great advice as always. Thanks, Rose!
Thank you for explaining this so well!
Thank you so much Rose, Love the content.
Great content as usual and informative, take care and stay safe Rose
Thank you! Very helpful n good. Ur presentation n explanation are great.
You convinced me n assuaged my fears about Whole Life (Dave ramsey says they're scams)
I'm getting my Whole Life Insurance today!!
Rose, You are the absolute best! Learned a lot form ya :)
Awesome and amazing information. Thanks, Rose.
I didn't know it was tax free, thank you! I'm saving for a house right now so I'll probably get this soon after and reach out to your agent in the future. So glad I know this info now. If or when I have kids I will definitely get them life insurance as soon as they're born. Things I wish were taught in school lol Thanks sis, love ya ❤️😃
You can use your cash value within your life insurance policy to put as downpayment for a home! At the same time you don’t have to pay it back or you can at any time.
When you borrow from your cash values savings to put for a downpayment on a home, your money never leaves. The great about this is that it keeps growing and compounding earning interest. What they do is that the insurance company will give your their money and use your cash value as collateral.
Here’s two ways to pay it back. 1) You can cash out refinance your home and put the downpayment amount back into the cash value policy when you’re done paying it off.
Or 2) when you prematurely pass away it will automated deduct from the death benefit face amount.
It is called unstructured loans because your cash value is used as collateral. 401k and IRA cannot do this. If any loan taken from a 401k or IRA is not paid back within 5 years it will be considered early withdrawal penalty of 10% and ordinary income taxes.
You can also structure this for your child’s college education within a life insurance policy and it will not count on their financial aid.
If you’d like to learn more my contact is tongyang@ffsmail.com
Facebook @ Tong Yang FFS
Instagram @ tongyanginvest
Research velocity banking. Using whole life to finance borrowing to fund investments, mortgages, etc.
@@tongtyyang This is really helpful information! Thank you so much!
@@tongtyyang Yeah
I am an independent agent I can help you.
In my opinion you'll be better off with a term policy and investing the money in a taxable brokerage account. The fees, penalties, restrictions on whole life policies are crazy
i have a variable universal life - fees are high but the mutual funds investment with this life is a rate of return that is high -- it will help you grow higher rate of return if stock market is well or if crashed came back up-- then you can use this cash value for lifetime income - only companies that have living benefits can also have lifetime income
@Jack Ingram Cryptø scammer
Nice informative video...I owe a whole life myself...but yes go with permanent if you can instead of term...👍
I have sold insurance and managed insurance sales teams. I only have term cover and will never buy any form of permanent insurance. I recommend that you do the math VERY carefully before committing to permanent cover.
Thank you. This was helpful. I got permanent life insurance when I was younger. The only regret I have was that it is whole life😅
Hi Rose, great content, I have IUL,but want to point out that IUL didn’t invest in stock market, it buys options for the floor and cap, in general account. VUL invest in securities.
Thank you SO much rose! Really appreciate you!:)
Very informative video! I learned a lot I was unaware of.
Loved loved loved the video. Very clear and easy to follow! I scheduled a 30min call with Yair but I hope you can do a follow up video explaining other details (i.e. fees involved, tax advantages, penalties for early withdrawal, more details on flexibility of accessing your money, are premiums fixed for life for IUL policy? why would anyone get a brokerage account at this point??). Thank you!
These are all questions Yair can explain in great detail for you! Tailored to your specific situation!
Such a solid video, thanks!
Extremely useful, thanks Rose
3 Reasons why you shouldn’t do permanent insurance that includes cash value:
-There are 0$ in your cash value for at least 4 years before your money start accumulating
-When you finally do start accumulating money in your cash value and you want to withdraw, you have to pay your money back WITH interest. Wow
- Your beneficiaries can not get both the death benefit AND the cash value. So you wasted your money on a cash value… nobody but you can touch, that sucks.
And it’s all in your policy, I can show you in black and white.
Very informative video..thank you so much Rose 😊
Thankyou Rose! I was always against permanent life insurance. You showed me how that could be a valuable option for me in the future.
Wow, it’s my first time to learn about mutually owned insurance company. That’s good to know, thank you :)
It is very important to have the proper protection for ourselves and our love ones.
Your videos rock and I've watched a ton. But I'm not sure about this one. A lot of big players, including Clark Howard and Dave Ramsay, for example, speak of the horrors of this type of insurance. As Nick Fong stated below, it's an investment vehicle where the person collecting commissions wins. In almost EVERY case, you're better off using your cash towards the stock market and getting a simple term insurance policy. Thanks for all you do!
Hello Rose! Wow I didn't make it to class on time 😓.
Thanks for the information.
Thanks for highlighting the importance of insurance. I think it will also be prudent to get those insurance policies which cover critical illness
Thanks Rose....Excellent content as always...Cheers! :-)
If you had put the same 12k p.a into a taxable Index fund instead of Universal index life insurance, you would have around 2.7 million instead of the projected 1 million.I would rather prefer a term insurance and invest the balance into a regular Index fund.
Actuary and licensed life and health insurance broker here. DO NOT talk to an insurance broker to figure out whether you need an insurance, the same way you wouldn't ask a used car salesman whether you need a used car. Find a friend who can do basic math with compounding interest instead.
I don't want to entirely write off the usefulness of permanent life policies, but in the majority of cases it's cheaper to buy term life (if you need it at all... chances are you have some form of group term life insurance through your employer already), which has a lower premium, and invest the difference. Rose's example gave $400k in cumulative premiums over 30 years to net $1M - that's not great at all. If you invest $400k over 30 years in S&P500 you'd end up with closer to $2M, which is much better than $1M even after factoring in taxes.
I'd rather spend 500 a year on a term policy, max out my Roth and use what's left of that 12 thousand to trade a self directed account instead.
You'll have the same coverage for the term of the policy (while locking down your premium over two decades, savings on its own), same tax free treatment for half of that capital, and opportunities for outperformance through your own account.
Just frankly don't see any benefits otherwise. Options (insurance) tend to expire worthless, doesn't mean they're not valuable tools and a very capital efficient way to buy peace of mind.
Thanks for the detailed video. Can you do a comparison between you investing in a permanent insurance policy vs. investing in S&P 500 Index fund on your own?
I ran quick numbers and if you invested $12,000 per year for 34 years (from age 31 to 65), you would have $2.8M with a 9% yearly return. This clearly beats the $1M return you are estimated to get even after having to pay taxes. Am I missing something here?
Hey Farham! It’s true that your money would grow more in an S&P500 index fund (without factoring in taxes obviously). Something I didn’t get into in this video is that some policies (or at least mine does) place a cap/floor on your gains/losses between 0-10%. They do this with S&P500 index options. So it’s a more conservative, less volatile investment than a pure S&P500 fund... hence lower returns. That being said, the numbers I gave were pretty conservative projections, and what you’d actually get could be a lot higher too (depending on market performance).
S&P 500 (outside Roth) doesn’t offer tax free income in retirement, doesn’t have a death benefit and doesn’t come with ACB for long term care. So it’s apples and oranges.
Thank you Rose it was eye opening I had insurance but I wasn’t sure what kind it was.
another Great video, thanks for sharing!
Thank you Rose! Your informative, your attractive. Good Lord your a super catch. I've learned so much from this lady. 💪🏿
@@user-uy4cg9rl6b here we gone. Rose has a checkmark ✔️ near her name if she leaves a comment. She never replies to my comments. Rose with an apostrophe above the e. Question? Why are you targeting me? Do I look like a fool to you. F#ck off. And I hope she sees this
Wow, thank you for educating other viewers about this other Rose. Yes you are right :) Only trust the Rose with CheckmarK!
@@itsrosehan Whoa! It's really you 😃. I admire you so much. I feel so vindicated right now. Thank you for all that you do. Your channel is amazing. ❤️
Good topic. I was just thinking about Life Insurance.
Hi Rose. 👋 Wow your video is really wonderful!!!! It helped me understand a bit more about life insurance. I'm almost in my fifties and don't have any life insurance yet, but do plan to do a term life insurance . It's just hard to choose a company. You gave great tips on what to look for in a company.....but do you have any recommendations besides National? I was looking into AAA and Prudential but I'm not sure yet.
This video was very helpful. Thank you.
Thanks Rose for making this video
The index universal life insurance was very interesting and attractive especially for young people, however when I looked into it I realize that the premium/fee for the insurance part will continue to increase even if it is exact same fee every month or not, so the amount that goes to the investment will decrease in time? could you please explain that because if that’s the case it’s really not beneficial?
Wow I had such a stigma about life insurance as a ripe off money trap 😳 thanks for enlightening us to the possibilities!
Permanent Life insurance is a controversial topic. I have heard different things/have different recommendations. The cash value portion/living benefits portion is nice to have for emergencies from experience having my own and seeing a family member use it. It grows separately from the death benefit and you can borrow it to pay for anything like medical treatments etc. You can add an accelerated death benefit rider and it would subtract anything you owe for cash value from the death benefit. IULs allows dependents to keep that cash value portion when the insured dies. For whole life insurance the cash value goes to the company. There's so many different types of insurance out there and it confuses people.
There is also something called Perm Term which has no cash accumulation but will have a death benefit til the day you die This is really helpful for those who don't like/understand/want a permanent policy with the cash account component.
I like many things you said about lofe insurance, but there’s something that needs to be clarified: the insurance company does NOT invest your cash value in the stock market in an IUL.
They use the earnings from their General Account Portfolio to buy options in the market. So even if the stock market crashes, your worst case scenario is you don’t lose anything, while also not gaining anything.
*Cost of insurance and policy expenses are still deducted, so you may experience a decrease in cash value
I just booked an online consultation with yayir. Looking to get more knowledgeable on this. Thanks for this informative yet digestable video.
Hey Rose, thank you for your videos and knowledge I know you are mostly under stable investing traditions. I want to know your opinion on the recent market craze. Have you done a video on the recent AMC and GME stock and the potentials for short squeezes? Maybe i missed a video or comment. That is why i am writing to you on this one. Thank You
Thank you for your time and expertise in making this vid.
I'm married and if on the hope not ever unlikelihood we divorce, can I just change the beneficiary and keep the equity and everything I put into it. Just change the payout person.
Also, can't I just be my own agent and do my own research. Or, is life INS. like car INS where the agents only work for the INS holders, and they don't try to find you cheaper rates. They only add on their own fees in the face of the company.
For a term policy, at the end of the term, can you renew? and if you can, is it for a lot of money because you are significantly older?
Thanks for sharing your knowledge about life insurance Rose; you're the best!
Very informative Rose. A bit late in the game for me I believe, but I do have considerable life insurance through my employer ... that is one consideration keeping me from retiring.
That's great. But one thing to consider is if your insurance is portable. Most employers don't let you keep your policy if you change jobs, and that leaves you with the risk of waiting to get insurance when you're older (which is guaranteed to be more expensive) and possibly uninsurable or insurable at a more expensive health rating.
Totally agree life insurance is underated but I think people are starting to see the essential of any type of insurance, it took pandemic to wake's us up, love your channel and work rose, you saved me lots of money from the tech few months ago before the big dips that still haven't ends, I am still waiting for my application to be your boyfriend to be accepted🤗
You're a great teacher thank you.
Hello Rose ! I hope long life for you and happiness ! Thanks for the video
@@investingwithrose2411 Dude, chill. You're not Rose
Can someone explain what percentage of premiums in permanent policies are typically invested and recoverable? Some of it must be absorbed by the policy.