Term and Whole Life Insurance Policies
by david on Thursday, July 28th, 2011 | 31 Comments
Overview of the difference between term and whole life insurance policies
Video Rating: 5 / 5
Overview of the main types of mortgages and rates
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In response to your last point:
if I am not a savvy investor and I go willy nilly in mutual funds or the stock market, I could lose a lot of money too. Plus MF's charge loads and administrative fees like the cash portion of your whole life insurance policy so…are you REALLY saying that it's black and white and whole life is NEVER appropriate? I don't think you mean that. I hope you post a clarification to explain the situations in which Whole life is prudent.
i wont die so fuck it
@TheGstar1985 You didn't get the joke didn't ya?
@jonybrown
If you're in a position like Sal. Insurance is a no brainer. If something happens to him his family will severly struggle financially. If however he has insurance all debts including mortgage, funeral costs, credit cards, etc will be taken care of.
We have very similar products in Australia which have been discontinued since 1999 but the products my company offer "Bonuses" each year. Our Whole of Life polices expire at age 95 years of age.
People working for a company have an enhanced view of their company's product. In particular, this is even truer of the sales portion of the company and the executive staff (this is a generalization but mostly true). They understand its competitiveness in the marketplace, its features and benefits, and its advantages and disadvantages. You should investigate why almost every insurance salesperson owns life insurance (not term), more often its whole life or UL/VUL.
Life Insurance Policies is like Marriage,, You pay pay and pay and you'll never get anything back lol
LOL some people will randomly die
great one sal, cleared things up for me.
@scottyurfunnylol Just joking
@DehXable what do you mean and whats this video about i cba to watch it all
I asked my parents this question one day and big surprise.. I dont remember their answer or they failed to answer at all. But you sir have finally itched my curiosity! Now I dont need to fear life insurance :p
Geez Sal. Didn't even try to use the "pass away" euphemism.
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Sal.. It would be of immense help if you do some videos in micro and macro economics..
Making money out of a fictitious item? Hmmmm that just seems stupid.
Im home-schooled,and Sal,You do better for me than a tutor,text-book,Or one of them stupid DVD's that seem like they are for 6 year olds….It feels like he talking TO you and he knows what questions you have to ask,AND HE ANSWERS THEM…I never got an answer back from my textbook when I asked What does (that ?>>>?>?) Mean???? Thanks!
@Hokke88 What's normal in your country?
$2000 is way higher that it would be.
p.s. when i have posted this link on the facebook it said:
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Keep up the good work, Sal! You're on the right path. I certainly welcome that video
dear people banks are fucking with you big time.
So the typical mortgage period in usa is 30 years? That's crazy.
But what is insane is that in Sweden many ppl only pay the interest.
Thanks sal, so which one would you recommend?
@KingOfShadows92 this video is a great help.. im a high school student and were doing finance in class!
geez would of liked it if you did this last week! lol just did my finance exam yesterday!!
Khan, I love your work with mathematics and sciences, but I'm not sure if this is a great direction for you to go in. What audience are you expecting to watch a video about mortgage interest rates? Econ students? Because there doesn't seem to be any economic influence on this video. But I love your work nonetheless, I just hope that you're not overreaching here.
interesting
you are so helpful! thank you!!
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