Primerica is RIGHT!!! I had to say it... #Primerica #lifeinsurance #financialliteracy #wealth #education

Prime America is right. Even though 98% of term policies will never pay out, everyone still should have term life insurance. Now, before insurance agents are stitching this video, hear me out. Whether you have kids or not, whether you're on a home or not, whether your budget is smart, your budget is big. Chances are you're not going to die tomorrow, but life happens and you will want options. Because here's what people miss. Your financial plan is depending on life never happening to you for decades. Even though only 2% of term policies pay out, 3 out of every 4 claims paid are for living benefits. For the people who had a heart attack, cancer, stroke or horrible car accident and didn't die, that's why living benefits matter. But that's not even the most important reason. I sat down with a young dad yesterday with a 2 year old son and a $100 budget. And he kept getting stuck on, "What about the cash value? What about whole life? What about using life insurance like the wealthy do?" Listen, I'm not against permanent life insurance, but cash value only matters if you're over funding the policy. And what is paying for that policy? Your income. What happens if your health changes and now you can't work the same way and you can't get life insurance? That term policy may be the very thing protecting your income so you can build wealth. But here's the biggest thing most people miss about term life insurance. It lacks in your insurability. So even if your health changes, even if you're uninsurable, even if no company will approve you at all, you still have the ability to convert that policy and keep it for life. Some people are stuck on trying to solve the second problem while ignoring the first one. Before asking, "How do I build wealth through insurance?" You want to ask yourself, "How do I protect my ability to?" Because the right term life insurance gives you options. If you pass away too soon, your family has options. If you get really sick or injured, you have options. And if you live a long life, while life is happening to you, you can handle it with options. So like I said, "Primeric is right, but only if your policy can be used while you're alive and turned into a permanent one no matter what." If you want to find out if yours does that or don't about your options, hit the link in my bio. We could talk about it.