{"id":4699,"date":"2022-06-15T13:38:23","date_gmt":"2022-06-15T20:38:23","guid":{"rendered":"https:\/\/moneyripples.com\/?p=4699"},"modified":"2024-05-22T06:35:06","modified_gmt":"2024-05-22T13:35:06","slug":"dumb-names-for-life-insurance","status":"publish","type":"post","link":"https:\/\/moneyripples.com\/money-ripples-st\/?p=4699","title":{"rendered":"Why Are There So Many Dumb Names for Life Insurance?"},"content":{"rendered":"\n<div class=\"youtube-video-wrapper\" style=\"position: relative; width: 100%; max-width: 50%; margin:auto;\">\n    <!-- Thumbnail Image -->\n    <img decoding=\"async\" src=\"https:\/\/img.youtube.com\/vi\/wgKD4HkttD0\/hqdefault.jpg\" \n         alt=\"Why Are There So Many Dumb Names for Life Insurance?\"\n         style=\"width: 100%; cursor: pointer;\" \n         onclick=\"this.style.display='none'; document.getElementById('youtube-video').style.display='block'; document.getElementById('youtube-video').src += '?autoplay=1';\">\n\n    <!-- YouTube Video (hidden initially) -->\n    <iframe id=\"youtube-video\" \n            src=\"https:\/\/www.youtube.com\/embed\/wgKD4HkttD0\" \n            frameborder=\"0\" \n            allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" \n            allowfullscreen \n            style=\"display: none; width: 100%; height:600px;\">\n    <\/iframe>\n<\/div>\n\n\n\n<iframe width=\"100%\" height=\"180px\" src=\"\/\/percolate.blogtalkradio.com\/offsiteplayer?hostId=709401&#038;episodeId=12111426\" frameborder=\"0\" allowfullscreen><\/iframe>\n\n\n\n<p>Whole life? Universal? Infinite banking? Wealth accelerator? Why do insurance policies have all these different names and what makes them different from one another?<\/p>\n\n\n\n<p>At this point, I\u2019m pretty sure you\u2019ve already heard tons of different names from financial advisors and insurance companies that try to sell you life insurance in different ways. In this episode, I\u2019m going to help you better understand why insurance policies have different names and what you really need to pay attention to.<\/p>\n\n\n\n<p>Listen now to learn more about life insurance policies, why they have different names, and how you can choose the right one for you!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Quotables<\/h3>\n\n\n\n<p>\u201cThere are so many stupid names for life insurance and I think it\u2019s primarily for two reasons. One, of course, a company wants to differentiate themselves but two, they\u2019re just trying to mask their insecurities about using what ultimately is life insurance.\u201d<\/p>\n\n\n\n<p>\u201cTerm life insurance is you buy life insurance that\u2019s on you for a certain period of time. If you die during that time, you get a death benefit.\u201d<\/p>\n\n\n\n<p>\u201cPeople won\u2019t keep term life insurance long-term because it gets more expensive every year or every time you renew.\u201d<\/p>\n\n\n\n<p>\u201cThere are so many \u201cbanking\u201d things out there, but they\u2019re all pretty much referencing infinite banking.\u201d<\/p>\n\n\n\n<p>\u201cWhen I reference my own, I\u2019ll say Max ROI Infinite Banking. I\u2019ll mention that because our thing is we get the biggest cash value guaranteed.\u201d<\/p>\n\n\n\n<p>\u201cThere\u2019s three types of life insurance that you\u2019ll usually hear about in this space. There\u2019s whole life insurance, and then there are three types of universal life insurance.\u201d<\/p>\n\n\n\n<p>\u201cThey\u2019ll give you all these cute names, but ultimately, when you hear most of the names out there, it\u2019s usually referencing something like whole life insurance.\u201d<\/p>\n\n\n\n<p>\u201cIt\u2019s never anything new under the sun, they\u2019re just trying to make it sound special.\u201d<\/p>\n\n\n\n<p>\u201cThe biggest thing you have to understand is when do you use which in which situation.\u201d<\/p>\n\n\n\n<p>\u201cI would have to say that you could do better and that they are overpromising and underdelivering most likely in that scenario.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whole life? Universal? Infinite banking? Wealth accelerator? Why do insurance policies have all these different names and what makes them different from one another? At this point, I\u2019m pretty sure you\u2019ve already heard tons of different names from financial advisors and insurance companies that try to sell you life insurance in different ways. In this <a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?p=4699\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Why Are There So Many Dumb Names for Life Insurance?<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4699","post","type-post","status-publish","format-standard","hentry","category-cashflow-expert"],"acf":[],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Danielle Hollembaek","author_link":"https:\/\/moneyripples.com\/money-ripples-st\/author\/daniellehollembaekgmail-com"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?cat=1\" rel=\"category\">Cash Flow Expert<\/a>","rttpg_excerpt":"Whole life? Universal? Infinite banking? Wealth accelerator? Why do insurance policies have all these different names and what makes them different from one another? At this point, I\u2019m pretty sure you\u2019ve already heard tons of different names from financial advisors and insurance companies that try to sell you life insurance in different ways. In this&hellip;","_links":{"self":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4699"}],"version-history":[{"count":8,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4699\/revisions"}],"predecessor-version":[{"id":10705,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4699\/revisions\/10705"}],"wp:attachment":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}