How Much Term Insurance Do I Need?
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I truly hope the healthy 25yo ended up buying a 30-year term and stopped listening to Dave’s garbage - and unlicensed - advice about life inssurance
Getting life insurance advice from this channel, is like getting dating advice from Epstien or Cosby. These people are so wrong and ignorant on this topic, its scary people actually listen to them.
What if your obese? How much them?
Terrible advice for a 25 year old. Especially when we don’t know what his needs and health will be later. Get as much as you can it will be cheaper than half of that in 20 years. Also take into account 30% inflation every 10 years. Your purchasing power is less less and less.
The “life comes in layers” part landed for me more than the exact 20 vs 30 debate. That’s kind of how term coverage started making sense in my head too. I ended up looking at Ethos Life Insurance when I was comparing a term life insurance option, mainly because I wanted something straightforward and not a giant paperwork spiral.
I would get the 30 year . Getting hit by a car and dying or getting cancer pretty young is just bad luck and has not really anything to do how healthy you live.
Still dont get it.
Toronto, Ontario Life agent 🙌🏾 let’s connect to find out your insurance need!!!
How do they know if you smoke? What if you just say I don't smoke?
All daves co hosts just kiss his butt throughout the entire show... its so cringe
This is SUPER helpful, I showed my financial planner this video too and he agreed with the majority. I did my term life insurance in Hackensack NJ with villalona capital. Circumstances needed to be into the term versus whole life insurance.
Hi I’m 64half healthy nonsmoking female This is my first life insurance What would you recommend I’m on disability Also what happens after 80?Thank you
Does Dave recommended getting life insurance while being in debt ???!
Him: laughs
Dave: hangs up
Nah whole life is way better! Plus you get alot of benefits. Dave Ramsey doesn’t even have a financial designation. Look it up on Google. He doesnt have any credentials. He’s straight up a personal finance expert which most of can do
I love how down to earth he is.
27 with a 30yr term 1m policy! I disagree with Dave on this. Costs me 42$ a month
Guys be careful here. Term life gets really expensive as you get older. Term is a huge profit center for the insurance companies. Only 1% of term policies pay a death benefit. Most people cancel their term life in their 50s because it is so expensive. In your 50s and 60s you still need life insurance protection. It is better to get permanent coverage like whole life when you are young and healthy.
What is good guardian, Mass mutual? for term life insurance?
Odd question here. If a pension has no COLA, and offers a 50% spouse survival benefit. Costing 500 a month, would it be smarter to decline and buy a term policy? The inflationary effect on the pension with no COLA makes the $2500 pension worth 1250 buying power in 15 yrs. In which case the survival benefit would have a value of 625 at 15 yrs. seems as if term insurance makes sense and just taking the larger amount of pension.
Am I the only one that had gone decades paying Auto Insurance never having to get value for my money. If only the Original Premium had stayed the same.
Life Insurance id Not simply to pay Final. Expenses but to leave a small Fortune behind for a Loved One. That said (none refundable car insurance over past 40 years, Term Insurance for average Life Span plus ir Minus is the way to handle Your Bussiness.
Sir dave your company her in davao city
what is SWI?
Buy a new policy with same company? Or with another company?
What if I’m obese? What do I decide?
Term actually is more expensive in my opinion. MOST AMERICANS do not become debt free by retirement. Then their retirment is taxed. Health issues can happen from 35 to 40 to age 65 when that term expires. Too many people become UNINSURABLE from a decent company and are left with Guaranteed issue products at a higher rate. Im speaking this from being in the industry for 20 plus yrs.Then his explanation of buying more TERM POLICIES becomes a waste if you dont USE THEM. Read Pirates of Manhattan. 97% of term policies cancel, modify or expire which means the insurance company is EARNING FROM YOU! The whole theory of NOT NEEDING Life insurance doesnt really make sense. Successfull families leave the policies behind to continue college, businesses etc. Permanent insurance actually is cheaper being the price is locked in. You dont have to focus on makin alot of money in permanent policies either. However, if you earned ENOUGH IN THE POLICY to cover the expenses youre at a LOWER COST and have DEATH PROTECTION until age 120. IM confused on how you offer 20 and 30 yr terms when people ACTUALLY shld leave a legacy behind vs dropping life insurance. You can't say invest into mutual funds and make 10%. Once you WITHDRAW GAINS ITS NO LONGER A 10% gain. Ijs some of this sounds as a marketing ploy to some Term insurance Marketing organization hes getting paid from.
Sent my package in to zander... they gave me the run around. To me, they appear to be a scam. Enjoy Ramsey but I better go with a more credible company like State Farm or Liberty
There is no mutual fund making 10 percent. Ur lucky at 4~5 percent. This guy just babbles on at times.
Just before i filled put the insurance for on my new job i searched for rhis video. Thanks! I almost got too much.
Thank you for all the inspiration.
With Term Life insurance it goes up every so often
Can i have more then one life insurance and im looking at going into the military in the event something happens i know they provide life insurance but i wanted term insurance as well so how would i know how much term insurance i would need? I have two kids as well with my husband who is a dosabled vet and will be staying with the kids
25 don't buy insurance.................................................you are just paying for the intelligent, smart, independent women.............. If they are all of that...............she wont worry.
I've been single since 2009 and I've worked jobs where I had life insurance through my employers but you lose it when you leave the employer. I am 63 now and I have an adult son I'd like to leave money to if I should pass away at some point. Did I miss the ship to getting term life at this age? Any suggestions?? TY
I would like to know what insurance companies to go with.
What about life insurance for kids?
what happens if your or his health fails you after the 20yr term expires. will he or you be able to get coverage?