Life Insurance Explained - What Is Life Insurance?

Get a free life insurance quote*: http://bit.ly/PolicyGenius Minority Mindset is a paid partner with Policygenius. If you use them, we will get compensated but there's no additional cost to you. What is life insurance - life insurance is a financial instrument to protect your family against a tragedy. But not all life insurance is the same, in this video we explain what life insurance is Subscribe To Our Channel: http://bit.ly/M2YouTube ????Read Our FREE eBook???? Get Richer Sleeping - Investing 101: http://bit.ly/m2InvestingeBook Recommended: ARTICLE - Understanding Life Insurance: https://theminoritymindset.com/understanding-life-insurance/ Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef Life Insurance Explained - What Is Life Insurance? 0:15 - Why everyone needs life insurance even though many of you won’t need it in the near future by comparing life insurance to car insurance 2:15 - Life insurance is insurance on your life but all life insurance is not good 3:20 - When you don’t need life insurance 4:29 - Understanding Term Life Insurance 4:50 - The cost of whole life insurance vs term life insurance 6:50 - Why is whole life insurance so much more expensive than term life insurance 7:23 - How whole life insurance works 9:24 - Why term life insurance can be a better option for the majority of Americans 9:50 - How the price of your life insurance is affected What Is The Minority Mindset? We are a financial news & education company. The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people. #MIH #GetMoneySmart Check out some of our recommended products! Please note: These are our sponsors, so if you use them, we will get compensated. There's no additional cost to you. ---------- ➤ Real Estate Investing Online 1) ???? Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ Best Online Savings Account 2) ???? CIT Bank - Get a much better interest rate on your savings account with no fees. CIT Bank is FDIC Insured and conditions apply: http://bit.ly/CITsavings ---------- ➤ Active Stock Market Investing 3) ???? Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Passive Stock Market Investing 4) ???? M1 Finance - Pick a few ETFs and stocks, then let M1 Finance invest your money automatically: https://bit.ly/M1FinanceStocks ---------- ➤ Loans & Refinancing 5) ???? Credible* - Get the lowest interest rates possible on your loans - see how much you can save: Mortgage Refinance: https://bit.ly/MortgageRefiCredible Getting A New Mortgage: https://bit.ly/MortgagePurchaseCredible *Advertisement from Credible Operations, Inc. NMLS ID# 1681276 ---------- ➤ Home & Life Insurance 6) ???? Policygenius - make sure your family is protected with life insurance & home insurance. Policygenius will find you the best deal at no cost to you: Get a free life insurance quote: http://bit.ly/PolicyGenius Get a free home insurance quote: https://bit.ly/m2HomeInsurance ---------- ➤ Car Insurance 7) ???? CarInsurance.com - See how much you can save on your car insurance with a free quote: https://bit.ly/m2carinsurance ---------- ➤ Credit Cards 8) ???? Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ https://bit.ly/m2carinsurance ---------- Twitter: https://www.Twitter.com/MinorityM1ndset Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/jhhE1F96ryo Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.