12: The Math on Whole Life Insurance Returns
In this myth-busting episode, I'll translate the complex math behind whole life insurance returns into language everyone can understand.
Using real numbers and my favorite financial calculator, I'll show you why comparing whole life insurance to other investments without accounting for taxes, fees, and death benefits is like comparing apples to oranges—and why this misunderstood financial tool might deserve a second look in your wealth-building strategy.
Using real numbers and my favorite financial calculator, I'll show you why comparing whole life insurance to other investments without accounting for taxes, fees, and death benefits is like comparing apples to oranges—and why this misunderstood financial tool might deserve a second look in your wealth-building strategy.
LINKS:
1. Get my free weekly newsletter with exclusive content on financial education
2. Get my free course, Supercharge Growth with Whole Life Insurance
2. Work with me: Schedule a consultation
2. Get my free course, Supercharge Growth with Whole Life Insurance
2. Work with me: Schedule a consultation
- (00:00) - 012: The Math on Whole Life Insurance Returns
- (00:03) - Is Whole Life Really A "Bad Investment?"
- (00:31) - Book Recommendations
- (02:30) - Cash Value Growth is Not an Interest Rate Calculation
- (02:52) - Understanding Capital Equivalent Cost
- (03:41) - Breaking Out the Financial Calculators
- (07:36) - Whole Life Insurance as an Asset Class
- (09:01) - Accounting for Term Insurance
- (10:09) - Accounting for Taxes, Fees, Commissions, Custodianship
- (15:27) - Millions Lost When Term Insurance Expires
- (16:30) - Whole Life is NOT an Investment, But it Ain't No Slouch Either
