Suze Orman on Cash Value Life Insurance vs Term Life Insurance Suze Orman speaks out on Life Insurance. Check out more personal finance videos and walk throughs about Term Life Insura…

25 thoughts on “Suze Orman on Cash Value Life Insurance vs Term Life Insurance

  1. rsoulet1970 says:

    Under 50 years old, and 50 + an additional $1000/ year. Once again a good
    vehicle but the $ is still in the market. How can you guarantee a person
    won’t lose their premiums like what happened in 2008, or 2002 & 2001

  2. bruc3eee says:

    I really hope people aren’t listening to this ignorant woman because she
    really has no idea what she’s talking about.

  3. Life Made Ez says:

    Check out this video about Term vs. Cash Value. Suze puts the savings of
    Term Insurance into perspective, a must watch to those with families!

  4. SxTMinMan says:

    What horrible advice. What happens when you outlive your term policy and
    now in a best case scenario, you are 10,20, or 30 years older? Maybe your
    health isnt good? What are you going to do? You are going to pay a LOT more
    and that’s if you are still insurable. Now, what if you’re no longer
    insurable due to bad health? UH-OH! Permanent insurance pays for itself in
    the form of tax deferred cash value build-up in about 18-20 years, so in
    essence, you have a paid up policy.

  5. MrSJSJSJ1 says:

    I wonder why my facts on how she deliberately is not a good t greatest
    advisor and lied on this video was deleted or missing. 

  6. Matt Strode says:

    She is the most annoying, worst financial advisor I’ve ever listened to.
    She gets emotional and berates people to sound smart. Filling her pocket
    books on other people’s emotional responses.

  7. tommym96 says:

    People don’t really listen to Suze Orman do they? People don’t really get
    their investing advice from some one who is barred from the industry do

  8. Christopher Hopwood says:

    Been in the business for 30 years. Permanent insurance (whole life) is the
    better option over term. With term, no cash vale and it ends at age 80. At
    age 80, it ends and you have no insurance and no cash value. A great many
    Americans do live beyond age 80. She has no idea what she is talking. She
    is an idiot. 

  9. Allansandra Rigacci says:

    Term Life Insurance, your best option.
    For Financial Advice please feel free to contact me.
    Call 786.291.5104
    Thank you.

  10. Krisi Seal says:

    Whole Life is NOT the same as Indexed Universal Life. IUL grow
    substantially inside an IUL. so it pays while your living TAX FREE and
    GUARANTEED!!!!!!! AND has a death benifit. which can grow too, depending
    how your professional sets it up. Notice how they ,SHE is talking Whole
    Life, again NOT !!!!! the same as an IUL. cant listen to someone who
    doesn’t even know all the products, She calls Financial Advisors idiots
    and she has NO idea, herself. I
    Read more

  11. Thomas Latham says:

    Whole life, universal life, and universal variable life are products that
    are deceptive in nature. You are buying two things and getting one, because
    you are paying for insurance and an investment, but your only getting
    insurance, and highly over priced insurance at that. If the covered person
    dies whatever cash is accumulated stays with the company and the
    beneficiary does not receive it. If you want to use some of the cash you
    have to borrow it with interest typically at 7 to 8 percent. If its yours
    then why do you have to borrow it and then pay it back with interest. What
    happens is the higher the cash value decreases the companies liability.
    Example; if you have $100,000 in coverage and your cash value is $10,000
    the company only pays $90,000 at death instead of $100,000, because the
    cash value offsets their liability. Term life can provide as much as 3 to 4
    times the protection as wl, ul, URL and you can invest in mutual funds at
    historical rates of up to 12 percent, and the owner has full control of the
    coverage and the investment and it all goes to the beneficiary at death.

  12. Soofia Naqvi says:

    What rubbish she is speaking. Suze please read about Estate Planning.
    Don’t misguide people (516)326-7027

  13. Thomas Latham says:

    Hey Will, I appreciate the effort to debate the issue without name calling
    as Grady chooses to do, but I have great issue with how people have been
    hurt financially by products that do not produce adequate benefits for the
    Term offers much more protection which is what life insurance is for. You
    don’t need any cash value from your insurance policy if you have invested
    it yourself. Bypassing the Whole life and universal life to put it where
    the insurance company does brings in a larger gain for the client. There
    are variable annuities that invest in the market and provide guarantees
    such as minimum step ups regardless of market position and also step ups
    when the market does well. They also provide death benefits and tax
    deferral and a guaranteed lifetime income. This gives the client full
    control of their protection and their investment.
    The withdrawals that you speak of are not withdrawals at all, they are
    loans against your money at typically 7% to 8% interest and the cash value
    is forfeited to the company at the policy owners death. How is this better
    than buy term and invest the rest? You say this doesn’t offer flexibility?
    This offers ultimate flexibility and benefits the client much better than
    any WL, UL, or UVL. It gives the client FULL control of ALL their coverage
    and ALL their investment. In the annuity you can take 5% per year without
    annualizing and without penalty, sometimes 10%. Mutual funds you can sell
    anytime you like. If you withdraw all your cash from WL, UL, or UVL you
    lose the policy. I am not on board with all the typical reps or companies
    out there. I look out for the client, not the company. That is the
    difference here. I thank God that I have the privilege to work with a
    company that sees their mission as lifting people up and not ripping them
    off. I work with Main Street families not Wall Street. Most reps and
    advisors out there won’t even talk to anyone out there without $200,000 to
    invest. I will take anyone interested in learning how to invest and save,
    and start them in mutual funds as low as $25 per month and help them to
    learn how to build on that. I will even prepare a Financial Needs Analysis
    for them as a complementary service (no charge).
    I do appreciate your willingness to have dialog about the subject. You
    obviously believe in what you do and you stand by it professionally, unlike

  14. Thomas Latham says:

    Well then Mr. Radle, by debate I mean conversation without name calling
    which comes from having nothing else to say. I have plenty to say about the
    subject, and yes I am licensed. I also stand by every statement as FACT! I
    realize that WL, UL, UVL may be a shelter for those who have a lot of cash,
    but for most who simply need coverage and are struggling these products are
    destroying their families financially. When a young couple gets married and
    has kids and they are struggling with raising the kids, paying a mortgage,
    one and maybe two cars in the driveway, trying to save for their children’s
    college, and they are struggling pay check to pay check to do it, and a
    self serving registered rep sells them a WL, UL, or a UVL policy, they
    can’t possibly afford the coverage that they need with these products, and
    when one of these income providers dies and the family is way under covered
    because of the expense of these products it is the reps fault, because the
    one that sold them WL, UL, or UVL had access to term that would have
    provided the protection that they needed for MUCH less expense. This to me
    is not only unethical, it is immoral, and you can take all the exception to
    it that you want. Face to face or sitting down with your clients you lose
    on this subject. You have spent a lot of time convincing yourself that
    these products are good, and for a very few they may be, but for the vast
    majority of middle to lower middle,class they are disastrous. Oh, and by
    the way, to discus these matters does not require a license as long as
    products or names were not exchanged, or recommendations given. I am
    disputing your claims and others regarding this very important subject.
    Life insurance is to protect families and should never, and I repeat NEVER
    be combined with investments. Further more if someone needs a loan it is
    customary to borrow what you may recognize as OPM,
    ( other people’s money), But with WL, UL, or UVL they are being charged
    administrative fees to fund there own loan and their paying the company
    interest on their own money. This is what I call a major rip off. It may be
    legal, but it is definitely not serving the clients best interest. Ask your
    clients if they would rather have in your best interest legal, or in their
    best interest legal. Maybe both are legal, but guess where your clients are
    going to go. How about we sit down with your clients together and see where
    they end up going. 

  15. Thomas Latham says:

    As for you Grady, you are a rude, uncouth, desperate person of low moral
    standard. The attacks that you levy upon people because of a differance of
    opinion is breath taking and literally unprofessional. If you disagree then
    voice your rebuttal. Oh, I guess you would have to have some facts to
    support your point, oh well, if you can’t beat em, call em names, right?
    Every time you open your mouth you prove my point. My guess is that you
    sell these products and you know they are a rip off and your response to
    those who oppose these products is to be rude and nasty. It does my heart
    good to know that I ruffle your feathers. That’s one of the perks I get in
    this business, unmasking the frauds in this business. When your doing
    what’s right some people come unraveled, well I must be doing my job.

  16. Jarad Gray says:

    I know a guy who charges about $250 to tow a car out of a ditch. I know
    another guy who charges about $60 to people he doesn’t know personally. I
    trust the guy who charges less and I’ll do business with him the rest of my
    life. The guy that charges $250 tends to do business with people who are
    uneducated. That’s the difference I find between two types of savings and
    insurance plans. One pays agents way more than the other.

  17. Will Radle says:

    Highly informed, affluent people buy permanent protection more often than
    term. Why does a term policy have a lower premium outlay? Let’s see, would
    most insurance companies prefer to receive premiums for a product where
    they pay no benefits 98% of the time or to guarantee clients realize value?
    My company has been around for 169 years keeping promises. Whose interests
    are you seeking to protect, Mr. Latham? Because most people thankfully live
    beyond their working years, beyond the income generation they are seeking
    to replace with life insurance, term costs more with no benefit 98% of the
    time – permanent protection costs less than zero tax free if managed
    properly. A competent professional can help you, if qualified, pull out
    more than basis tax free while maintaining the legacy benefit for future
    generations. The most important time to compare the cost of term vs.
    permanent is when the claim is paid – or not because the premium is
    abandoned due to rising cost of term or aging out. Thank you.

  18. James Denny says:

    People are really missing the big picture, the point of buy term & invest
    the difference is to buy life insurance at a very affordable rate, & be
    fully insured, then take the difference you would have spent on a Whole
    life, UL, etc & invest it. If you do this correctly you won’t need life
    insurance at the end of your term because you have a large pile of money
    that you invested sat aside for retirement. So honestly high renewable
    rates on term life insurance becomes obsolete at this point. Because why
    have 250, 000 dollars worth of coverage when you have the same amount or
    more in liquid cash? & if you still need coverage past your term then if
    you were implementing the Financial game plan your advisor set forth out
    for you their should no longer be a need for the same amount of coverage
    you needed 20 years prior because your debt should be lower, kids should be
    adults, house mortgage should be paid, and you will not need 250, 000 worth
    of coverage. Therefore if you still need say about 75, 000 worth of life
    insurance at the renewal date you will pay the same or a smaller amount for
    the premiums. There is absolutely no logical explanation why you should
    need 250,000 or whatever the amount may be from client to client for your
    entire life, your insurance liability should continue to decrease every
    year because the older you get the more you’re debt & liabilities should
    decrease. Keep it simple ladies & gentleman! 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>