Listen to this video

Basically if you bought a $500,000 policy, $300,000 whole life life insurance is 20 times more expensive, meaning it would be $100 a month, $5 a month of term. The extra $95 for cash insurance, whole life, universal life, goes into a savings that's called cash value build up. A savings account built into your life insurance purchase. That concept, not bad. You learn of the savings. First rule. First, that you own a whole life, 100% of your purchase goes to commissions. So your $95, example, it $1,200 a year, your cash build up for three, only after do you see it. Then once it does start to build up, is it's a lousy rate. Typical life insurance, all the studies tell us pays 1.2%. The typical universal life policy pays 3.7%, the typical because it's mutual funds that should be or 14%, pays about 7%. Goes to fees. Now you have paid at 1.2% and zeros for three years. All this money account, called cash value, and when you, the cash value that they pay from that is so, the face amount. So you bought a life insurance policy for $70,000, it should have paid $70,000. A savings, putting $95 a month in it. Benefit of $70,000, account, no. Savings to open up and would ever buy this. For the first three years, I keep it all, and then pay you 1.2%. I keep who the crap on that? It is the payday lender of the middle class. I've been doing this show for 30 years. Guess who hates me? Whole life insurance salesman. My job is to let you guys know how things work. I don't sell insurance. What you buy.