Hearted Youtube comments on Minority Mindset (@MinorityMindset) channel.
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I'm a licensed agent (property, casualty, life and health). I completely agree! They try to get us to push whole life but I always inform my clients that term life is best. Whole life is not a good investment. And it's expensive. I'm tired of my community (blacks and Latinos) having "GoFundMe funerals".
And yes, people always seem bothered that if they outlive life insurance, they "wasted" money. True, and I do use that example it's the same as any other insurance. If you're healthy, you paid your health insurance for nothing. If you drive well, you paid auto insurance for nothing. If your home or business... you get the point.
BUT, there is another option to get money back on term life if you outlive your insurance. You can request a quote for regular term and Return of Premium term life or add an endowment benefit. It's typically 30-50% more, but if you survive the term, you'll get ALL your premiums back. It's an option for those who want something back from their policy.
If anyone has any questions here for any type of insurance, I'll be happy to answer :)
Great video, as usual, Jaspreet!
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