Dave Ramsey

  • 2022 0908 - The Ramsey Show Highlights - This Is Why Universal Life Insurance Is CRAP! - [VIDEO-YouTube-05:04]
    • TikTok - Young People are gravitating to  UL. Investing in UL. 
    • Commissions made are insane
    • IUL is a newer version of an old bad idea. Components - ART, all life insurance gets more expensive every year.  
    • 15 year level term - overfunding in early years, easier to stay on the books than ART
    • IUL goes up every year inside the policy, P1P2, Mortgage, uses Cash Value.... now you have real piece of crap, eating it inside out.
    • Skyline - Banks and Insurance Companies - Built with money that they took from you. - Banks and Insurance companies are Screwing you
    • BTID
    • Savings Account with a crummy return, then you die and they keep you cash value.  - Who would bank on that.
    • Dave - I fell for that crap. I bought one....