What To Know About Whole Life Insurance
Whole life insurance differs from term life insurance in the sense that it is designed to be in effect for your \u201cwhole life.\u201d But it really should be called Death Insurance because it\u2019s designed to help replace an income or asset due to death. Life Insurance isn\u2019t a bad investment but it\u2019s the only one that offers a \u201ccontract\u201d and tells you what it\u2019s going to do over the course of its life. It isn\u2019t a short term investment product, but rather an investment over time. Tune in to see how having a Whole Life Insurance policy can benefit you in more ways than you think.
Episode Highlights
- 00:39 Whole life insurance is not an investment, but serves a different purpose
- 02:14 Life insurance is a language of love
- 03:30 Establishing a foundation of certainty with whole life insurance
- 04:35 Comparing whole life insurance to term life insurance
- 07:48 How life insurance is a guaranteed contract
- 09:41 Life insurance companies are looking at the next quarter century
- 10:26 Using the infinite banking concept with life insurance
Episode Resources - Connect with Wade Borth
- https://www.sagewealthstrategy.com/
- wade@sagewealthstrategy.com\xa0\xa0