Get a free life insurance quote*: Minority Mindset is a partner with Policy Genius. If you use them, we will get compensated but there's no additional cost to you.
Life Insurance can be a great financial tool, or it can rip you off. In this video, we go over 7 o the biggest life insurance myths you've been sold.
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7 Life Insurance Lies You've Been SOLD
1:09 – Myth number 1: All life insurance is the same. In this video we will be focusing in on term life insurance and whole life insurance. Here’s term life insurance vs. whole life insurance
2:14 – Myth number 2: Whole life insurance is better because you get a guaranteed check. If you know how to use your money, term life insurance is better.
3:13 – Myth number 3: Life insurance is a great investment. Life insurance is a better risk management strategy than it is investment.
5:04 – Myth number 4: Life insurance is a wealth building tool. Debunking the whole life insurance myth of using cash value to build wealth.
9:51 – Myth number 5: You have to deal with pushy life insurance people when you buy life insurance. That’s not true if you use someone like Policygenius.
11:35 – Myth number 6: Everyone needs life insurance. Life insurance is crucial when you’re building your wealth but your goal shouldn’t be to rely on life insurance.
12:59 – Myth number 7: You can’t qualify for life insurance. Getting life insurance is a lot easier than you think if you have the right financial education.
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Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: Jaspreet Singh is not a financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
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