3 Misconceptions About Cash Value Life Insurance

Have you ever had someone insult what you believe in? You might get offended or even want to retaliate. Well when it comes to life insurance, there’s so many people that don’t get it, that you can’t help but laugh.

Like the guy that called it “trash value life insurance”  the other day. I laughed out loud… it’s actually one of the more creative ones I’ve heard.

The truth is most people just don’t quite get how high cash value life insurance works. This is exactly why I recorded this quick video… to clarify 3 of the most common misconceptions:

  • “It’s Expensive”
  • “The Returns Are Really Bad”
  • “You Have To Pay Premiums Your Whole Life”

Questions or comments –> Leave ‘em below.

2 thoughts on “3 Misconceptions About Cash Value Life Insurance

  1. I didn’t realize you didn’t have to pay premium every single year. Is that a special type of policy or like a paid up policy? Thanks for the video.

    1. Hey James, thanks for the comments.

      It’s actually not a specific type of policy. It’s actually called a reduced paid up, and can be exercised at any point in the life of the policy. You’ll want to handle this with care to continue to keep the tax advantages.

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