Critics of Infinite Banking say term life insurance is the way to go. And while I believe there’s a place for term insurance, that doesn’t mean it’s for everybody. And there are things you should know that you can’t expect to hear from the people who sell and promote it.
In this episode I’m sharing important downsides so you can know when term insurance makes sense for you, and when it doesn’t. And I’ll give you some warnings so you don’t let a good use of term insurance accidentally wreck your financial planning.
Listen now!
Show highlights include:
- Are those low premiums worth it? The shockingly low term life insurance pay rate. (1:17)
- When term insurance actually makes sense. (2:00)
- How term life lulls you into a false sense of security that leaves you exposed to financial hardship. (2:31)
- Overlooked term life renewal factors that could empty your wallet or leave you uninsured when you need it most. (3:23)
- How a healthy husband’s simple oversight left his wife in financial straits. And how to make sure this could never happen to you. (5:44)
- Buy term now and convert to whole life later? Sounds smart. But beware this sneaky thing companies do that can topple your strategy. (7:00)
Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
