He’s right. Most insurance is priced assuming people won’t keep their coverage. And if people do keep their coverage, they will get a good deal. Eventually.
If you want to help out your Long Term Care insurance company, do this… Pay your premiums for over 20 years. Go into a nursing home for care. Die BEFORE you get to the end 90 day waiting period. It's a win-win. You got to gift the insurance company over 20 years of premiums. The insurance company collected over 20 years of premiums from you, but didn't have to pay out a single dime.
Do not get Term Life Insurance because it is only for a number of years then it expires. Get Whole Life Insurance that will accumulate a cash value. Then if after a few years if you find yourself out of a job and can’t pay the premium you can surrender the policy and get the cash. Do your research before buying any Insurance Policy.
For once i do agree with him. Especially if you get it young snd you don't smoke, no pre existing conditions, healthy weight you can lock in a very very aforable rate less than your cellphone in my country and should something happen at least you leave someone something.
If you pay 150 per month and take it out at 25, and adjust for inflation, you’d be far better off investing that money for yourself and taking it out rather than banking on an insurance company that may or may not be underwritten properly, or go broke or refuse to pay because of a clause or change in law you’re not aware of. Same at any age basically. If that didn’t work, insurance companies would go bust.
What if they wait to nearly two years after death during covid to send you a letter saying they denied it based on some of their findings that they do not detail and that are actually.
If the life insurance stayed the same price when you first get it, then this would be sound advice. Unfortunately, the premiums go up with age and when your health decreases but never gors down even if you get better physically.
Dude this guy sold trash value policies You weaselYour a cheat Pat, ill go on your podcast any day of the week, you cheated your way to wealth scamming……how dare you do that to the american people Such bullshit Buy term invest the dofference Love you Pat, but correct your injustice you little weasel
– High Fees – Savings in your trash value does not accumulate immediately compared to the money that you've already put into (reason) – Agent commisions, Company earnings – May take uo to 6 months for you to access your money – family losses Savings – Low growth, most agents don't even have their investment license (series 6 63 etc
Should pay attention to economies in europe by elliott wave international the economy has been sluggish for five years. forex trading courses (26). 🎯 the viral video hustle : how to make money with faceless tiktok & youtube shorts.
@invencivel10
Dont get one. Once you are dead who cares?
@Yasin33
Good thing insurance is forbidden in Islam.
You either end up paying more than you benefit or you don't.
Commericial insurance is gambling.
@joebagodonuts8119
He’s right. Most insurance is priced assuming people won’t keep their coverage. And if people do keep their coverage, they will get a good deal. Eventually.
@bayaraa13
Just dont get it in the 1st place.
@BiggMo
Advise Spoken like a commissioned salesman
@bigrockman991
Is the same for federal life insurance policy
@abetilocos58
I will get health insurance but never a life insurance so no one will have the motive to kill me
@Cho-denki-rabbit
Buy level term 35++ years. Pure insurance. Not the one he sells.
@BlainsTube
If you want to help out your Long Term Care insurance company, do this… Pay your premiums for over 20 years. Go into a nursing home for care. Die BEFORE you get to the end 90 day waiting period. It's a win-win. You got to gift the insurance company over 20 years of premiums. The insurance company collected over 20 years of premiums from you, but didn't have to pay out a single dime.
@brentx23
Selling insurance is how he made his 100 million.
@MAfanwoods37
But also people neee to get wise and realistic on insurance. Alot of it a scam
@ReActiv8R
An Insurance salesperson banks on you keeping your policy! Instead, learn to invest your money then you never need life insurance.
@user00165
Insurance companies increasing their premiums as they please.
@lesareid9432
Do not get Term Life Insurance because it is only for a number of years then it expires. Get Whole Life Insurance that will accumulate a cash value. Then if after a few years if you find yourself out of a job and can’t pay the premium you can surrender the policy and get the cash. Do your research before buying any Insurance Policy.
@chriscunningham6401
Just get rid of all insurances.
@MrHellenas23
So basically never bother with insurance, and that all it is
@Tryingtimes007
Your creditors get the payment before your immediate family does, you’re paying every month just for your creditors.
@l2xofficial40
He’s literally marketing insurance now, of course an insurance guy is going to say buy insurance and never cancel keep paying lol.
@tomcorn6047
I think it's important to note that this man sells insurance lmao
@kenohtx
I can’t do life insurance. Feels like I’m putting a bag on my own head.
@Jpw333
Investing on your own death is some weird ass shit to think about
@randyhiggins9635
ONLY buy Term life insurance and invest the rest in Mutual funds or Gold and Silver mines and coins.
Whole life insurance doesn't pay much interest.
@amoore311
Just put the 100/month in an index fund and forget the insurance all together.
@Brizandeer
Pretty sure life insurance doesn’t pay out after a certain age?
@noobslayer10101
For once i do agree with him. Especially if you get it young snd you don't smoke, no pre existing conditions, healthy weight you can lock in a very very aforable rate less than your cellphone in my country and should something happen at least you leave someone something.
@jordangill2710
If you pay 150 per month and take it out at 25, and adjust for inflation, you’d be far better off investing that money for yourself and taking it out rather than banking on an insurance company that may or may not be underwritten properly, or go broke or refuse to pay because of a clause or change in law you’re not aware of. Same at any age basically. If that didn’t work, insurance companies would go bust.
@jordangill2710
If you pay the insurance company, you make THEM rich, not you. Pay yourself, invest it yourself.
@matthewmangum6320
Sooner or later you come to the realization that all insurance companies or policies are just plain legalized thievery.
@elfokit5605
Be your own bank
@robertmeller8175
Mixing life insurance with health insurance! Inconsistent nonsense!
@steelysims
I'm so glad my grandma took out a Gerber life grow up plan when I was born. I have 20k worth of coverage and I only pay $3 a month. Thank you Grandma!
@wd-40freedompress80
fact and never buy term
@MB-kw6bu
What about a term life policy? I think this applies to universal policy….let me know.
@HeartLatic
What if they wait to nearly two years after death during covid to send you a letter saying they denied it based on some of their findings that they do not detail and that are actually.
@voodoovinny7125
If the life insurance stayed the same price when you first get it, then this would be sound advice. Unfortunately, the premiums go up with age and when your health decreases but never gors down even if you get better physically.
@MsItalia007
I pay for cover while I need it and stop when I don't.
@mylifeuntilnow
Huge fan of Indexed Products, my dad was the best Life Salesman around. Buy insurability, build cash value, term is trash.
@DaveBraga
But they start jacking up the annual rate…
@YarHarFD
If you are healthy and have kids, get a life insurance policy. If you die they will need it. -from experience
@garyloten-beckford889
97%-98% of folks outlive their term life policies…buy a permanent and/or universal life policy. BOOM!!!
@davidpena101
Dude this guy sold trash value policies
You weaselYour a cheat Pat, ill go on your podcast any day of the week, you cheated your way to wealth scamming……how dare you do that to the american people
Such bullshit
Buy term invest the dofference
Love you Pat, but correct your injustice you little weasel
@davidpena101
– High Fees
– Savings in your trash value does not accumulate immediately compared to the money that you've already put into (reason)
– Agent commisions, Company earnings
– May take uo to 6 months for you to access your money
– family losses Savings
– Low growth, most agents don't even have their investment license (series 6 63 etc
@davidpena101
You little weasel scumbag cheat
Love you Pat but correct your injustice
@mula9354
So when the person cancels the policy do they get all of there money
@jeahlashelifestyle6816
Jobs have cheaper policy
@Break1815
Good advise
@imjohawk
Facts 😊
@jessecantu5130
Learn how to invest in yourself and build your own business!!! Paying someone to make you money is a joke 😂