What probability does the speaker give that term policies will pay a death benefit?

Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Less Than 2% of Term Policies Pay Out

20 Dec 2024 · 1 min

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0:30

Short excerpt from a YouTube video by Richard Canfield arguing that fewer than 2% of term life insurance policies pay a death benefit and that term premiums increase over time rather than remaining level. The speaker notes this creates an "enormous pool of money" insurers must invest, similar to funds from whole-life, critical-illness, and disability premiums.

Questions this video answers

Less than 2%.

Chapters

If you have hundreds of thousands of policyholders that are paying term life insurance premiums, there's a less than 2% probability that those enforced policies are ever going to pay a death benefit. And the premium is ever increasing as well. It doesn't remain level for one's lifetime. That creates an enormous pool of money that the insurance company has to deploy. They have to deploy it in assets no different than dividend paying, whole life insurance premium, critical illness premium, disability premium, and so on.