Suze Orman says life insurance is a waste. In this video, I share my truth! I extensively address the key differences between Term and Permanent life insurance, and how to creatively use Life Insurance even as a single person. I also explain how to build wealth with life insurance, using popular examples of Walt Disney and Ray Kroc building their respective businesses. I conclude with a comprehensive analysis of how I strategically use my life insurance policies.
Timestamp:
00:00: Intro
01:45- Suze Orman answering a question on the need for Term vs Whole Life Insurance
03:40- My chip on why a single person should get life insurance
05:47- Suze Orman’s take on Life Insurance
08:30- My truth
11:20- Term Insurance
15:10- Permanent Insurance
20:00- Index Universal life
22:46- Who is Life Insurance for
33:05- Whole Life Insurance policy
44:36- Index Universal Life Insurance Policy
57:32- How I use my insurance policy
01:04:33- Conclusion
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