What the Life Insurance Companies DON'T Want You to Know

AccuQuote Life Insurance · 39,935 views
Watch What the Life Insurance Companies DON'T Want You to Know video. The What the Life Insurance Companies DON'T Want You to Know video uploader AccuQuote Life Insurance says about, In this video, Byron Udell, Founder and CEO of AccuQuote shares some of the secrets that most life insurance companies don't want you to know before you purchase a new policy. Since 1986, AccuQuote has been helping people save a ton of money on buying quality, affordable life insurance.



Hi. I’m Byron Udell, Founder and CEO of AccuQuote.

Today, I’m gonna talk about something the life insurance companies DON’T want you to know.

In case YOU didn’t know…life insurance companies make a lot of money. In 2014, the industry made $133 BILLION dollars!

And HOW did they make ALL that money?

Because most of the time, THEY WIN the “GAME” of life insurance.
So what does that mean? Let me explain.

Let’s say you bought a PERMANENT LIFE insurance policy at age 45 with an annual premium of $8,000. And what if 10 years later, you get divorced or some other major lifestyle change occurs that prompts you to get rid of that policy.

Now do the math. That’s $8,000 times 10 years…so the insurance company gets to KEEP $80,000 of YOUR money. And YOU get NOTHING! Profitable for THEM? I’d say so.

Or…let’s say…you bought a 20-year TERM LIFE policy at age 40 with an annual premium of $892. And you faithfully paid your premiums for the entire life of the policy. Then at age 60, they jack up the premium to over $20,000 a year. So, of course, you drop the policy. Again…they win. You lose.

After all, they’ve collected nearly $18,000 from you…and they DIDN’T have to pay out any claim. You see, life insurance IS a financial game. And like with many things in life…there are WINNERS and LOSERS.

And you will LOSE…BIG TIME…EVERY TIME if your policy lapses BEFORE you die.

But you CAN WIN…EVERY TIME…if you do ONE THING RIGHT. THIS is the secret of winning the game of life insurance. Are you READY?

It’s very simple. Here it is. Six little words: “DIE WITH YOUR POLICY IN FORCE.”

It’s the people who BUY and then DROP their policies prior to dying that subsidize the returns for those who are smart enough to DIE with their policies IN FORCE.

Remember…the ODDS that you’re gonna die…at some point…is 1 out of 1. So I figure you can handle that part. It’s the last 5 words that are a little bit trickier.

You want to win the game, you have to DIE…WITH your policy in force.

Let’s look at the math if you do that. Say you buy a $1,000,000 PERMANENT LIFE policy at AGE 55…making premiums of $10,000 a year. If you live to AGE 85…you would’ve made 31 payments of $10,000…totaling $300,000. But when you die…your family gets a guaranteed $1,000,000 check…tax-free...for a net gain of $700,000!

The numbers just don’t lie. That’s a tax-free rate of return of over 7%! That’s the equivalent to earning well over 10% on a taxable investment, maybe even MORE, depending on your tax bracket.

So, you might be asking, how does that work out for the insurance industry? Well…like I said before…it doesn’t. At least NOT on the people who die with their policies in force. The insurance companies make their money on the ones who DROP their policy before they die. Those folks subsidize the returns for those smart enough to die with their policies in force.

And THAT’S what life insurance companies won’t tell you…and DON’T want you to know.

When they win…YOU LOSE. When YOU WIN…THEY LOSE. And since you know you’re going to die, you can guarantee a win...if you can just find a way to die WITH your policy in force.

Rich people have figured this out a long time ago. For years, they’ve always been the one buying the biggest policies. Even folks so rich that you might be thinking: “What do THEY need life insurance for?”

You wanna know WHY?

The fact is…wealthy people are usually pretty good with math. They’ve crunched the number and know that life insurance delivers some of the best returns AND is also one of the SAFEST financial instruments you can buy…period.

They also believe in wealth diversification. Every financial adviser does.

How can anyone consider themselves diversified if they don’t own the ONE financial instrument that beats a bond portfolio if you die when you’re supposed to…and absolutely crushes every other financial instrument on the planet when you die BEFORE your time (which happens to people a lot more often than so many of the other risks we routinely build our portfolios to protect against).

To learn more, just give us a call. For over 30 years, AccuQuote has helped hundreds of thousands of customers save money and acquire over $100 Billion in life insurance coverage.

We work with dozens of the most competitive, top-rated, name-brand life insurance companies in the industry.

We’d love an opportunity to earn your business. Just call us at the number on your screen or go to AccuQuote.com.

I’m Byron Udell…and thanks for listening.Pu0NLUtW6Rs