If it sounds too good to be true, it might just be. | Get a 7day free trial and 25% off Blinkist Annual Premium by clicking here: https://bit.ly/CaraNicoleDecember23

More about this video:
The "scam" pushed by salespeople online has hit my feed one too many times, so I figured I'd finally make a video dissecting the "whole life insurance" magic that people love to promote. As I explain in the video, it's not that whole life insurance itself is inherently a scam, but that salespeople love to frame it in a very misleading and manipulative way so they can cash out higher commission checks. When it comes to your money, it's important to do your own research, think about what your specific needs are, and calculate the opportunity cost.

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Resources mentioned:
CNBC term life insurance article: https://www.cnbc.com/2023/06/27/term...
Insurance business magazine: https://www.insurancebusinessmag.com/...
Nerdwallet on "fiduciary" term: https://www.nerdwallet.com/article/in...


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Time Stamps:

00:00 A scam is trending
04:09 What is this scam?
05:56 The price difference
07:00 Dissecting the TikTok pitches
11:02 Salespeople's incentives
13:37 Social media for personal finance





Keywords for some sweet, sweet metadata:
Personal finance, money management, whole life insurance, life insurance, term life insurance, UIL, budgeting, budget, credit card, culture, video essay, video analysis, social media, instagram, pinterest, tiktok, multilevel marketing, mlms, financial boundaries, spending money, influencer, cara nicole