How much do you think houses cost? You can’t get a house with $10,000 and a basket of grapes anymore. Also this was just one of their salaries. People also save then make down payments and afterwards they pay a mortgage over 10-30 years.
I love the concept of this video. And I’m going to use this concept, and share it. Because as an insurance agent, we have to break things down to the simplest form, in order for people to understand why they need any type of insurance.
You’re an amoralist without even knowing it. All of you, implicit. Insurance is one of the many symptoms in our society of unchecked greed and personal entitlement.
Better be term insurance because if Dana and Dad borrowed money on a cash value policy that's deducted from the death benefit. And Dana loses the savings.....
That's the thing and makes more sense to borrow a small portion of that life insurance to invest in something like a house resell the house pay back the life insurance that you borrowed and still Make a cut..
Yes, life insurance is tax free but it is included in the overall estate if not carefully planned. A stream of income is more important than paying that mortgage off outright. That 750k policy can easily replace that income as well as COLA without touching principal giving wife time to maybe work, upskill, or just wait and figure things out.
Highly unlikely this isnt the movies. Anytime someone dies and collects live insurance there is an investigation especially if anything suspicious happened in the death.
The last bit of the short cut off! I want to know what happened to Dana and the kids lol
Lmfaooo
😂😂😂 same
Me too,,,
She married a 21 yr old named Jake the muffin man and baked a lot of muffins yeahhhh!
Me too!!! I’m invested!!!
$600k house on a $75k salary lol.
Plus hers
My mom a single mom with a 74k total income 700k house lol.
He inherited it from his parents? The home i live in now was my grandparents. It’s not uncommon!
How much do you think houses cost?
You can’t get a house with $10,000 and a basket of grapes anymore.
Also this was just one of their salaries. People also save then make down payments and afterwards they pay a mortgage over 10-30 years.
Credit have people do some wild stuff
I love the concept of this video. And I’m going to use this concept, and share it. Because as an insurance agent, we have to break things down to the simplest form, in order for people to understand why they need any type of insurance.
You’re an amoralist without even knowing it. All of you, implicit. Insurance is one of the many symptoms in our society of unchecked greed and personal entitlement.
My Man! Newbie agent here. Thank you for the concise explanation. 🙂
So you have your license ?
Better be term insurance because if Dana and Dad borrowed money on a cash value policy that's deducted from the death benefit. And Dana loses the savings.....
People dont really pull money alk the time, term is trash...why rent a policy?
That's the thing and makes more sense to borrow a small portion of that life insurance to invest in something like a house resell the house pay back the life insurance that you borrowed and still Make a cut..
@azarfe11Life25 Whole life is better from every angle. Term is good supplemental for a lower price but Whole life is like that insurance.
Yes, life insurance is tax free but it is included in the overall estate if not carefully planned. A stream of income is more important than paying that mortgage off outright. That 750k policy can easily replace that income as well as COLA without touching principal giving wife time to maybe work, upskill, or just wait and figure things out.
Only problem is that in many cases life insurance turns into a bounty on ones head
Why when you get it you don’t tell anyone you have it . About money people will cut you out quick
Highly unlikely this isnt the movies. Anytime someone dies and collects live insurance there is an investigation especially if anything suspicious happened in the death.
I love how you explain the concept of this video 🔥
Nice penmanship.
All your shorts seem to cut off early😢
🔥
I don’t get how the insurance company makes money on this. It confuses me.
You pay every month. Just like car insurance. If you live a long time, they never pay you. They keep all the money.
Can you please do more educational videos like these. 3rd grade explanations for grown ups 🤓
What if Dana was the one that got hit by the truck is it the same story ?
only if she was insured as well and it also depends on what specific type of policy they had
Og😮
Who cares Don is dead, now his wife could have treated him like 💩
Part 2
Kingston and Snow eh? People and their weird ass child names. I swear
Racist