The TRUTH About Life Insurance - The Good, The Bad, & The Ugly

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . Get a free life insurance quote*: http://bit.ly/PolicygeniusLifeYT Minority Mindset is a partner with Policygenius. If you use them, we will get compensated but there's no additional cost to you. Life insurance can be a touchy subject which is why we're going to break down what life insurance is, how life insurance works, and the difference between term life insurance and whole life insurance so you can make a smart life insurance decision for your family. Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Subscribe to our FREE Finance & Business Newsletter🚨 Financial News You Can Finally Use: http://bit.ly/M2FreeNewsletter Recommended: Things You NEED To Understand About The New Economy: https://www.youtube.com/watch?v=Ziya5w6BELg&list=PLKsS_EjCEmdpTPQF64uDehmbsuHkB5P-i Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef The TRUTH About Life Insurance - The Good, The Bad, & The Ugly 0:26 - No one likes talking about life insurance or talking to those pushy life insurance agents 0:53 - What the heck is life insurance | life insurance explained 1:18 - Not all life insurance is good life insurance | whole life insurance vs. term life insurance 2:17 - Insurance is meant to be risk protection which is why term life insurance is so much better than whole life insurance also known as universal life insurance 2:47 - Life insurance is not meant to be an investment it is a risk management strategy - looking at the cost of life insurance 3:50 - When you buy whole life insurance you’re essentially buying an investment but it’s not a great investment 4:45 - Think about your money - why do insurance companies push whole life insurance so much 5:53 - How much life insurance do you need 6:29 - The only time I want my money wasted is with insurance What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #GetMoneySmart Twitter: https://www.Twitter.com/MinorityM1ndset Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/OQj1aXDvYps Channel: https://www.youtube.com/MinorityMindset 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.