What Type Of Life Insurance Is Best?

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Life insurance (although it should not be) is a controversial issue to this day. There seem to be many different types of life insurance out there, but there are only two types. They are Term Insurance and Whole Life (Cash Value) Insurance. Term Insurance is pure innocence. It protects you for a while. Whole Life Insurance insurance and a separate account known as cash value. In general, consumer reports recommend time insurance as the most economical option and they have some time. However, life insurance is very violent in today’s society. What should we buy?

Let’s talk about the purpose of life insurance. Once we have found the right purpose of insurance down in science, then everything else will happen in the right place. The purpose of life insurance is the same as any other type of insurance. It is a “protection against loss”. Car insurance to protect your car or someone else’s car in the event of an accident. So in other words, as you may not have been able to pay for the damage yourself, insurance is now available. Homeowners insurance to prevent the loss of your home or property. So as you may not have been able to afford a new home, you are buying insurance to cover it.

Life insurance is like that. It is to ensure that you do not lose your life. If you had a family, you would not be able to support them after your death, so you are buying life insurance so that if anything happens to you, your family can replace your income. Life insurance does not make you or your offspring wealthy or give them a reason to be ****. Life insurance does not help you retire (otherwise it can be called retirement insurance)! Life insurance to replace your salary when you die. But the wicked have made us to turn away from the truth, so that they may be overpowered by us and may sell everything we own.

How Does Life Insurance Work?

Instead of making this difficult, I will give a simple explanation of how and what comes down to insurance. In fact, it will be easier because we would be here all day. This is an example. Suppose you are 31 years old. The standard 20-year insurance policy for $ 200,000 can be about $ 20 / month. Now … if you want to buy the entire life insurance policy for $ 200,000 you can pay $ 100 / month with it. So instead of charging you $ 20 (which is the actual cost) you will be charged $ 80, which will then be credited to the savings account.

Now, this $ 80 will continue to accumulate a different account for you. Generally, if you want to withdraw your money from an account, you can borrow it from the account and pay it off with interest. Now … let’s say you would take $ 80 a month and give it to your bank. If you are going to withdraw money from your bank account and they tell you that you must BORROW your money from them and pay interest, you may be cleaning someone’s head. But somehow, when it comes to insurance, this is okay

This is because most people do not realize that they are borrowing money. The “agent” (of the Insurance Matrix) rarely describes it that way. You see, one of the ways companies do it is to get people to pay for themselves, and then to turn their backs on their money and pay more interest! Home finance loans are another example of this, but that is a completely different message.

Deal or No Deal

Let’s stick to the previous picture. Suppose 31-year-olds (all in good health) buy the above term policy (20 years, $ 200,000 dollars for $ 20 / month). If these people were paying $ 20 / month, that is $ 240 a year. If you take that and repeat it in 20 years you will have $ 4800. So each person will pay $ 4800 for a lifetime. With 1,000 people buying the policy, they will eventually pay $ 4.8 million to the company. The insurance company has already calculated that at least 20 healthy people (between the ages of 31 and 51) will die. So if 20 people pass, the company will pay 20 x $ 200,000 or $ 4,000,000. Therefore, if a company pays $ 4,000,000 and goes into $ 4,800,000 it will be making a profit of $ 800,000.

This is very easy because most people will cancel the policy (which will also reduce the number of death claims paid), and some of these premiums can be used to collect interest, but you can get the general idea that things work.

On the other hand, let’s look at all life insurance. Suppose a 31-year-old (all in good health) buys the full life policy mentioned above ($ 200,000 dollars to $ 100 / month). These people pay $ 100 / month. That’s $ 1200 a year. If the average life expectancy (for healthy people) is 75, on average, people will pay premiums that cost 44 years. If you take that and multiply by $ 1200 you will get $ 52,800. So each person will pay $ 52,800 for the life of the policy. With 1,000 people buying the policy, they will eventually pay the company 52.8 million premiums. If you buy the entire health policy, the insurance company has already calculated the chances of you dying. What are those opportunities? 100%, because it’s perfect life (until death do us part) with our insurance! This means that if everyone kept his policies, the insurance company would have to pay 1000 x $ 200,000 = $ 2,000,000,000) Yes, two billion dollars!

Compatriots, how can a company pay $ 2 billion when it knows it will only take 52.8 million? Now as in the previous example, this is an exaggeration as the policies will end.

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