The Whole Life Rebellion is Here! Are You Ready To Break Out of The Crowd?
Welcome to one of The Whole Life Rebellion Rebel Leader Bases. The Whole Life Rebellion is about educating consumers as to the value of Whole Life and whether it makes sense as part of a sound overall financial plan. Whole Life Insurance can be a valuable life insurance policy. However, it is not for everyone. Your goals and overall financial strategy should dictate what type of insurance you have.
Chris Huntley, founder of Huntley Wealth & Insurance Services, is the organizer of The Whole Life Insurance Rebellion which is a life insurance movement to promote awareness of term life insurance and some of the downfalls of investing in whole life insurance. The Insurance Literacy Institute is proud to be a sponsor and a Rebel Leader Base for the Whole Life Insurance Rebellion (headquarters on Chris’s site). The Whole Life Rebellion fits into The Insurance Bill of Rights which provides that consumers should purchase policies that match their needs.
The Insurance Bill of Rights dictates that any insurance coverage should fit the need and that you should minimize premiums where possible. And to minimize premiums, you need to choose policies with the lowest expenses just like when you choose a mutual fund, if two funds are essentially equal, you go with the one that has the lowest expense charge. Saving 1% a year on expenses means that you will have a 1% per year extra return.
Whole Life Insurance is a polarizing topic with a lot of financial planners, journalists and bloggers that don’t like it and those within the insurance industry and some consumers who love it. Whole Life Insurance is not the right fit for most people as you can about in the following articles and blog posts. You can make your own judgment, and you can read my own take on it by clicking on my post. The bottom line is that insurance should be about insurance and not investing. Life Insurance is the only type of insurance where people expect a return of the premiums paid. When you are accident-free for a year, do you go back to your auto insurance company and ask for a refund?
UPDATE: Simplyinsurance.co published: Term Life Vs Whole Life: Advice From 41 Personal Finance Experts That Will Blow Your Mind (Spring 2017). Simplyinsurance.com asked over 100 personal financial experts and blogger the question: “Term life vs Whole life, which would you choose and why?” The results were: Term (34), Whole Life (2) and Neutral (4). Read the article and see for yourself.
Get Informed – The Case Against Whole Life
Whole life insurance can be risky as an investment, offers a low return, and demands forced “contributions.” In any other investment, if you stop “contributing,” you’re not at risk to lose your initial investment, but that is the case with whole life. See more…
Join the Rebellion! Sign the Insurance Consumer Bill of Rights
The life insurance industry has no such code.
The Insurance Literacy Institute has submitted the Insurance Bill of Rights petition to Change.org, which among other things, says that agents should only act in consumers’ best interest and provide coverage that is both affordable and appropriate for consumers’ needs.
->>Sign the Petition<<-
Share the Rebellion!
If you agree with thousands of insurance and financial advisers who say you shouldn’t be investing in whole life, join the rebellion!
… there’s no application to join. Just share.
The Whole Life Rebellion led by Chris Huntley has the support of sites/organizations like my site: InsuranceLiteracy.org and the Huffington Post, Nerd Wallet, Forbes, Ogletree Financial, PlantingMoneySeeds.com, ClubThrifty.com, Financial Mentor, Jeff Rose at Good Financial Cents, and Ryan Hanley at Agency Nation.
Chris Huntley has also organized dozens of insurance & personal finance bloggers to write about the Rebellion to kick it off. Following are links to all of the articles and blog posts. Please keep in mind that these are the opinions of the authors and are not the opinions of The Insurance Literacy Institute. They are presented here in a central location for your review and consideration:
- This Is What’s Wrong With How Whole Life Insurance Is Sold – Forbes.com (republished on Nerdwallet, Huffington Post, Nasdaq.com, The Oklahoman)
- Is Whole Life Insurance the Right Move for You? Maybe Not. Join the #WholeLifeRebellion – Plantingmoneyseeds.com
- Pros and Cons of Whole Life Insurance – LifeInsuranceShoppingReviews.com
- Is Whole Life Too Expensive? – InsuranceQuotes2Day.com
- Why Whole Life Insurance is a Bad Investment – MomandDadMoney.com
- 3 Important Things Your Life Insurance Agent Forgot to Mention about Whole Life Insurance (that you should know) – eFalconLife.com
- Don’t Buy Whole Life Insurance. Just Don’t – IpickUpPennies.net
- The Case Against Whole Life Policies – InsuranceThoughtLeadership.com
- Term vs. Whole Life Insurance – Buyer Beware! – TermLifeInsuranceMales.com
- The Truth about Whole Life vs. Term Insurance – LifeShop.ca
- Your Complete Guide to Insurance – MoneySmartGuides.com
- Whole Life Insurance – HealthPlansNY.com
- The Truth about Whole Life Insurance – ArchstoneInsurance.com
- Why Term Life Insurance is Better than Whole Life Insurance – TheCollegeInvestor.com
- Term vs. Whole Life Insurance Calculator – InsuranceBlogbyChris.com
- How Does the Life Insurance Industry Still Get Away with This? – InvestingTruths.com
- How a Whole Life Insurance Salesman Confused Me Into Not Buying – Add-Vodka.com
- Whole Life or Term Insurance? – LowTermInsurance.com
- Life Insurance for Parents: An Insider’s Guide to Saving Money – WeissIns.com
- The Swiss Army Knife of the Financial World – Marindependent.com
- The Whole Life Insurance Rebellion – TheLifeInsuranceLawyer.com
- The Truth About Whole Life Insurance – PTMoney.com
- Top 3 Reasons that I Love Term Life Insurance and You Should Too – Moneyqanda.com
- The Right Kind of Life Insurance for a Stay at Home Mom – Unplannedfinance.com
- Whole Life Insurance Being Missold On A Grand Scale – Wallstreetotc.com
- Our Life Insurance Plan – Marriedwithdebt.com
Whole Life Rebellion – Rebel Leaders:
Whole Life Rebellion Supporters:
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