3 Different Types of Life Insurance Policies - Life Insurance Explained Simply

What are the 3 different types of life insurance policies and how do I choose which type of life insurance is right for me? In this life insurance explained simply video, we dive into term life insurance, whole life insurance, and universal life insurance, and what the differences, and similarities, are between them, and the similarities.

Term vs whole vs universal life insurance all have their own positives and negatives, and each will require a different approach in order to be effective for your life. So let's take a look at these three different types of life insurance products and see if we can learn more about what makes each one unique for our life insurance needs.

Here is Dan Thompson, founder of Wise Money Tools, helping us learn more about life insurance and the differences between these life insurance products.

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I have been involved in financial planning for over 36 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments.
Now I focus on building wealth using a tool we developed by leveraging life insurance.
This way we can get:
Double Digit returns
Keep you money safe
Keep your money liquid
Create substantial passive income
Leave a legacy for you family
And do it all Tax-Free!

I post videos regularly so if you have any questions of comments feel free to email them to...

dan at wisemoneytools dot com