ilmscore | Don't Buy This! Whole Life Insurance EXPOSED!

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
Investing in a whole life insurance policy will result in returns worth less in purchasing power after 20 years due to inflation.
"You might not lose money in dollar terms, but inflation eats away at the tiny growth you get. You see, after 20 years, your quote safe returns may actually be worth less in purchasing power than when you started."
Whole Life Insurance Returns
Pending
Investing $10,000 annually in a whole life insurance policy yielding 3% over 50 years will accumulate to $1.1 million.
"Invested in a whole life policy at 3% for 50 years, you end up with $1.1 million."
Whole Life Insurance Returns
Pending
Investing $10,000 annually in a low-cost S&P 500 index fund, averaging 9% over 50 years, will accumulate to $8.1 million.
"if you invested that same amount of money in a lowcost index fund that tracked the S&P 500, averaging 9% for 50 years, you end up with $8.1 million."
S&P 500 Returns
Pending
Whole life insurance returns are predicted to be worth less in purchasing power after 20 years due to inflation.
"After 20 years, your quote safe returns may actually be worth less in purchasing power than when you started."
Whole Life Insurance Returns
Pending
Investing $10,000 per year in a whole life policy at 3% for 50 years will result in $1.1 million.
"Invested in a whole life policy at 3% for 50 years, you end up with $1.1 million."
Whole Life Insurance Investment Outcome
Pending
Investing $10,000 per year in an S&P 500 index fund at 9% for 50 years will result in $8.1 million.
"if you invested that same amount of money in a lowcost index fund that tracked the S&P 500, averaging 9% for 50 years, you end up with $8.1 million."
S&P 500 Investment Outcome
Pending