Is dividend paying term life insurance by pamela yellen too good to be true?

Answer 1

Answer 1:

Yes, it is too good to be true. Life Insurance is as important as your house. Please see a reputable and known company. State Farm, Prudential (the real one!) or All State.

Answer 2:

There is no such thing as dividend paying TERM life insurance. In her book, Bank On Yourself, Pamela Yellen discusses dividend-paying WHOLE life insurance.

The cash value of these policies grows in value by a guaranteed and pre-set amount -- every single year -- in both good times AND bad.

In addition, you have the potential to receive dividends, which, while not guaranteed, have been paid by some companies every year for more than 100 years.

Unlike stocks, real estate, and other traditional investments, both your annual guaranteed cash value increases and any dividends you may receive are locked in, once credited to your policy.

Bank On Yourself revolves around companies that are owned by policy owners, not stockholders. The dividends issued by these companies are credited to the policy owners, rather than stock holders.

The growth in these policies is not only guaranteed, it's exponential. That means that the growth curve of both the cash value and the death benefit steepens every year you have the policy, simply because you stick with it. And no luck, skill, or guesswork is required to make that happen.

Unlike term life insurance, which only offers a death benefit, whole life also has many "living benefits." The Bank On Yourself concept shows you how to maximize these living benefits, for achieving financial security and a predictable income in retirement, and for becoming your own source of financing, so you can reduce or eliminate the control banks and financial institutions have over you.