This is a short transcript excerpt from a YouTube video by Jayson Lowe arguing that dividend-paying, participating whole life insurance should be used as a pandemic-proof "warehouse of wealth." He asserts these contracts are not investments and emphasizes attributes like uninterrupted daily growth and protection from market, pandemic, or government risks.
So why is investing in dividend paying, participating, whole life insurance a warehouse of wealth? What's firstly important to understand is that this type of contract is not an investment. Never has been, never will be. When you're considering building your warehouse of wealth, I would ask you to identify what attributes do you want that warehouse to have? Do you want your wealth to grow on a daily basis, uninterrupted, in a facility where there's no pandemic, no bad economy, no government intervention, no risky stock market, no cryptocurrency, volatility, nothing that can repossess, devalue, or take away any of that daily accumulation of wealth? Then I would tell you that dividend paying, participating, whole life insurance is a great place for you to build your warehouse of wealth.
