The bet you want to LOSE.

The world of betting consists of investing money; and if you lose, your investment is gone but if you win, you get back the money than you invested plus a profit. Your goal is to WIN the bet...

When you buy life insurance, the opposite is true. You want to LOSE this bet. You invested money called premiums so if you WIN bet, you died, but someone else won, your beneficiary. But the fact remains, you want to LOSE that bet and live. You don’t buy life insurance to die.
 
YET, buyers of life insurance get it wrong continuously. Here’s why:
When you bet to lose, your goal is to get the most for the least amount of money. Generally, term-life insurance provides the most for the least amount of money.  You can buy guaranteed life insurance now for 10, 15, 20, 25, 30, 35 & 40 years.
 
If the purpose of life insurance is to protect your loved ones if you win the bet, is 40 years enough time? If the  answer Is no, you should look at term for life options. Yes, they exist, you can guarantee your term policy up to age 121.  Is that enough time?
 
If that is enough time;  WHY does your life insurance agent want to sell you a cash value policy?
As an example, a 35-year-old male non-smoker in excellent health can purchase a $1,000,000:   
20-year term for $34/month
25-year term for $53/ month
30-year term for $65/ month
35- year term for $80/month
40-year term for $134/month
A Guaranteed UL to age 121 policy for $390/month.
A Universal Life policy designed to last for 40 years will run about $350/month, therefore it may be possible to extend your policy from age 75 to age 121 for approximately an extra $40 more a month.
A Whole Life policy cannot be designed to end in 40 years.
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Cost of term insurance for male age 35 preferred best non-smoker based on below timelines
Age 35 - Age 55 = $34/month
Age 35 - Age 60 = $53/month
Age 35 - Age 65 = $65/month
Age 35 - Age 70 = $80/month
Age 35 - Age 75 = $134/month
Age 35 - Age 80 = call for pricing
Age 35 - Age 85 = call for pricing
Age 35 - Age 90 = call for pricing
Age 35 - Age 100 = call for pricing
Age 35 - Age 121 = call for pricing
 
If you tell me when you are going to die, I will tell you which one was the best investment. If you are betting, decide whether you are betting to win or to lose. It’s your money, invest it wisely.
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Contact me by email for a complementary personal report for you.
 
Important note: All EXISTING cash value policies are being stress tested now due to record low interest rates. Any line items that are not contractually guaranteed will probably underperform whatever projections you are given. If there was ever a time to carefully review both existing and new cash value policies and presentations, the time is NOW.