“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
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Said on Entrepreneurs on Fire
The Ramsey Show · Don’t Let Others Control Your Future
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Advise buying a 15-20 year term life policy 10-12× annual income via Xander.com instead of whole-life
10-12× income, 15-20 year term
“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
“It was about three, I mean, it was my whole life, and then about three full time years of just experimental work in the studio, doing things like the 100 Days Project”
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
“When you sell a long term care policy, I mean, you make something like $5,000 in one transaction.”
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