Best types of Life insurance

Best types of Life insurance

Life insurance (although it should not be) is a very controversial issue to this day. They are term insurance and whole life insurance (cash value). Term insurance is pure insurance. It protects you for a certain period of time. The whole life insurance is insurance plus a complementary account known as cash value. In general, consumer reports recommend long-term insurance as the cheapest option and have done so for some time. But even so, whole life insurance is the most frequent in today's society. Which one should we buy?

How does life insurance work?

Now, these $ 80 will continue to accumulate in a separate account for you. Typically speaking, if you want to take part of YOUR money from the account, you can TRY it from the account and return it with interest. Now ... let's say he would take $ 80 a month and give it to his bank. If he went to withdraw the money from his bank account and was told he had to PROVIDE his own money and pay it with interest, he would probably come out of someone's head clean. But somehow, when it comes to insurance, this is fine.
This is due to the fact that most people do not realize they are borrowing their own money. The "agent" (of the Insurance Matrix) will rarely explain it that way. One of the ways in which companies get rich is by getting people to pay them, and then they turn around and borrow their own money and pay more interest. Home equity loans are another example of this, but that is a completely different sermon.

How long do you need life insurance?:

Let me explain what is called the theory of diminishing responsibility, and maybe we can answer this question.  Like most people, when they are young they are also crazy, so they go out to buy a new car and a new house. Now, here you are with a small child and with a debt up to his neck! In this particular case, if one of you died, the loss of income would be devastating for the other spouse and the child. This is the case of life insurance. BUT, this is what happens. You and your spouse start paying that debt. Your child grows and depends less on you. You start to build your assets. Keep in mind that I am talking about REAL assets, not false assets or ghosts like equity in a house (which is just a credit card with a fixed interest rate)
In the end, the situation is like this. The child is away from home and no longer depends on you. You have no debt You have enough money to live and pay for your funeral (which now costs thousands of dollars because the DEATH INDUSTRY has found new ways to make money by having people spend more honor and money on a person after they die and then made). that person was alive). So ... at this point, why do you need insurance? Exactly ... absolutely nothing! So, why would you buy Whole Life Insurance (a.k.a. DEATH)? The idea of ??a 179-year-old person with adult children who do not depend on him / her while still paying insurance premiums is, at the very least, a lie.

Confusing insurance policies:

 Living and dying are exactly opposite each other. Why do I say this?   These are two diametrically opposed actions! Therefore, if an "agent" comes into your home and sells you a full life insurance policy and tells you that you can ensure your life AND can help you retire, your question about the red pill should be this: