These are my OPINIONS only! You must do the research on YOUR OWN to find out the truth and the policy that is best for you!
Most of our focus as of late in this country has been on the ridiculous OBAMA-CARE fiasco. However there is one AWFUL insurance scam that has been around for ages and has to due with the LIFE INSURANCE scams!
Now, in MY OPINION,
WHOLE LIFE, UNIVERSAL LIFE - & VARIABLE LIFE, AND VARIABLE UNIVERSAL LIFE
Polices are all A SCAM against the consumer and in MY OPINION, the industry does not want us to know the REAL TRUTH, and they hate an INFORMED consumer.
HERE is the SCAM:
You get a $10,000 dollar policy, yes the premiums NEVER CHANGE,, that is the ONLY plus! Now here are the negatives.
NEGATIVES: SCAM #01:
In all of the above policies, there is a special amount set aside for borrowing purposes. Sounds good right? WRONG! I'll explain in a moment...
Now again, in your premiums, this "extra" money goes into a special bank account for you.
YES, IT IS YOUR MONEY!!!!
Now, although this will NEVER HAPPEN, let's say, you stay in the policy for YEARS and you build up another $10,000, surplus in that special account.
So let's add it up. You have a policy worth $10,000 AND a SURPLUS bank account worth another $10,000
which means your TOTAL POLICY AMOUNT is $20,000!!! WOW WEEEEEE RIGHT?
LET'S say you DIE.... How much then should your spouse or loved ones receive?
the ENTIRE $20,000 DOLLARS right? HECK NO!!!!!
YOUR FAMILY will only receive $10,000! the regular policy death benefit amount only..
YEP that's right, the INSURANCE industry thieves gets to keep your extra
$10,000 dollars FOR THEMSELVES!!
Yes, they get to keep all of your surplus money that they FORCED you to pay into the surplus account.
FOLKS that is YOUR MONEY! and in my OPINION that is a SCAM that is
ROBBING YOU BLIND!
NEGATIVES: SCAM #02:
Using the SAME amount scenario from above. You now have $10,000 Policy amount, and the additional $10,000 SURPLUS extra money.
So again we have $20,000 dollars right? Well, in theory only this is TRUE.
But now you decide that your home needs work, or you need extra money for college tuition or some illness. So you decide to borrow against your plicy and use your surplus money.
The "KEY WORD" here folks is "BORROW!!!!!" Yes I know, it's YOUR MONEY!
So why should you have to BORROW it?
Anyways, let's say you did BORROW your surplus $10,000 dollars. So that leaves you with just $10,000 left right? Sounds good right? Watch this!!!!
NOW say, one month later, You slip and fall and pass away.
How much does your SPOUSE or your CHILDREN receive?
The full $20,000 or just the left over $10,000???
HEAR ME CLEARLY!!!
Your family does not receive ANYTHING!!! Not ONE RED DIME!!!!
WHY????
Because you BORROWED against your policy thus you have already received the ONLY benefit amount of your policy and the INSURANCE agency gets to KEEP your additional $10,000 DOLLARS for themselves!
Your family will NOT HAVE any money for your
funeral, doctor's bills, MORTGAGE payments or anything!
Yes, most people then lose the family home, car and lifestyle
while the Insurance COMPANY THIEVES get RICHER AND RICHER!
SOLUTION:
The first thing you must know that there is no such thing as life "INSURANCE" for no policy can INSURE that you will live...
However, the proper term should be called a:
"DEATH BENEFIT" policy!
This is because you love your family and you want them to have some BENEFITS to sustain their way of life them from your sudden passing away.
So in MY OPINION... TERM-LIFE INSURANCE policies are the only sensible choice for us to make. Why?
BENEFITS:
1. VERY LOW PAYMENTS
2. VERY HIGH PAY-OUT amounts!
Now what are the DRAW-BACKS?
1. Payments increase as you AGE...
YES that is the only drawback. Now here is the solution that all Rich people know about this...
in a WHOLE LIFE or other borrowing policy,
Let's say AT AGE 30, you are paying $75.00 per EVERY SINGLE MONTH for a $25,000 Life Insurance policy. That means you will pay the insurance company:
$900.00 per year outside of your other expenses!!!
Now let's say you live for another 50 years to age 80 years old. which is 600 months of payments?? You would then have paid the insurance company:
$4 5,000.00 dollars!!! YIKES!!!
Yes, you would have paid $45,000 to get back only $25,000 of that money back?
Does that make any sense to you now?
Remember, a Life Insurance policy is supposed to be a DEATH BENEFIT,, meaning, you do not want the quality of life of your family to suffer in the event of your death!
So for that SAME $75.00 Per month, you can probably receive say up to maybe $500,000 dollars!!!! OF death benefit instead of $ 25,000!!! Which can certainly pay for a HECK-OF-A-LOT more than bills and mortgage payments than that $25,000 ever could!
I know your question is
"YES, BUT what if I live to that same age 80? I will never get a term life policy?"
To which I would say true, but Remember the $75.00 every month payments you WOULD have been making at age 30?
You can get say a policy worth $100,000 WHICH will cost you around $12 to $14 dollars per month AND AND AND you can invest the REST of that money in an I.R.A. or some other money market interest bearing type of account.
Now if you INVEST that other $63.00 dollars PER MONTH in an interest bearing MONEY MARKET account. Instead of giving the INSURANCE thieves your $45,000 dollars to get back only $25,000,
How much do you think you would have accrued by the age of 80?????
A HECK-OF-A-LOT- MORE than the measly $$25,000 dollars back from the large $45,000 original payments you gave to the INSURANCE THIEVES right?
So AS you can see, HIGH PAY-OUT Term Life Insurance is the only sensible solution when you are YOUNG and your family has too much to lose if you suddenly pass away with a new house, car and TONS of tuition payments and other large debts!
Now I learned all of this in class when I was studying to sell insurance. But I was warned, that ONCE i received my STATE'S licensing to sell insurance, that it would be
AGAINST THE "LAW?????"
for me to TELL anyone the TRUTH about this scam??
YES, I could NOT tell you the truth about how WE in the insurance industry were PROFITING off of you and
HOW it is TOTALLY LEGAL for the Insurance to KEEP your surplus money all for themselves!
You have to love the LOBBYISTS who pay off your elected officials to create such vile laws huh?
OBAMACARE in all of its vileness as you can see is not the ONLY SCAM out there that is destroying the American people!
Now you are informed and should make a better and more PROFITABLE decision for your family's future... Once again, you have to do the research for what is best for you and your family. I have given you the secrets, it's up to you whether you will believe the smooth-talking insurance agents who benefits from selling you the most expensive policies with the lowest pay-outs or finding out the truth that benefits you. BE BLESSED!
