Life Insurance Is NOT an Investment - Dave Ramsey Rant

Life Insurance Is NOT an Investment - Dave Ramsey Rant. Reverse Mortgages are SCAMS!!! - Dave Ramsey Rant Rebuttal

Life Insurance Is NOT an Investment - Dave Ramsey Rant video duration 9 Minute(s) 26 Second(s), published by The Dave Ramsey Show on 19 01 2018 - 23:00:01.

Don't waste money on whole life insurance
Get cheap term life insurance here, and then invest the rest! https://goo.gl/LFpCEj SUMMARY Brittany from Johnson Figure out your mortgage options
https://goo.gl/1up9dK.

. In this video I discuss Dave Ramsey's 7 Baby Step Method
It's my opinion that this is one of the best methods for financial success
www.daveramsey.com The Rebuttal to "Reverse Mortgages are Scams!" by Dave Ramsey
Personal Experience from a Loan officer whose Mom received a Reverse Mortgage 13 years ago .

Don’t waste money on whole life insurance. Get cheap term life insurance here, and then invest the rest! https://goo.gl/LFpCEj

SUMMARY

Brittany from Johnson City, TN calls into The Dave Ramsey Show to ask Dave about her life insurance policy. She currently has portfolio insurance, with both permanent whole life and term life insurance included. After going through Dave’s Financial Peace University, she learned that Dave doesn’t recommend whole life and wants to know if he agrees that she should switch to term life insurance.

Dave reminds her, “Never under any circumstances use life insurance as an investment vehicle.” He advises instead to take the money you’re putting into a whole life policy and invest it in good mutual funds.

When you use life insurance as an investment vehicle, you get a bad rate of return regardless of what your whole life agent quotes you. You make somewhere between 3–5% on your money rather than making 10–11% in mutual funds. Additionally, when you die with cash value life insurance, your beneficiary is only paid the face value of your policy. The cash value that you saved, that only accrued a small rate of return, is never given to your beneficiary. And you pay 20 times more for it than you would for term life insurance.

Dave believes the best way to buy insurance is to go through a broker that shops around several companies and finds you the best term life insurance deal.

RESOURCES

Hear more of Dave explaining why term life is the only type of life insurance you should have: https://www.youtube.com/watch?v=zvs5WsfEjMY&index=1&list=PLN4yoAI6teRMyTbctjoCftKKEWIo6PRYS

Learn the real truth about life insurance here: https://www.daveramsey.com/blog/the-truth-about-life-insurance

Learn more about whole life vs. term life insurance: https://www.daveramsey.com/blog/term-life-vs-whole-life-insurance


THE DAVE RAMSEY SHOW

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw

Other Video about Life Insurance Is NOT an Investment - Dave Ramsey Rant:

Best Financial Tool For Success - Dave Ramsey's 7 Baby Steps

In this video I discuss Dave Ramsey's 7 Baby Step Method
It's my opinion that this is one of the best methods for financial success
www.daveramsey.com The .

Reverse Mortgages are SCAMS!!! - Dave Ramsey Rant Rebuttal

Rebuttal to "Reverse Mortgages are Scams!" by Dave Ramsey
Personal Experience from a Loan officer whose Mom received a Reverse Mortgage 13 years ago .

Mortgage Do's and Don'ts

Figure out your mortgage options
https://goo.gl/1up9dK.

Dave Ramsey