The Complete Guide to LIFE INSURANCE UK | Term vs Whole Life 2023 - Guapify

LIFE INSURANCE UK: Should you get Term vs Whole Life Insurance? Is life insurance worth it? Can you take money out of your life insurance? What life insurance providers should you choose? I answer all these questions and so much more. Enjoy ????

Learn to Take Control of Your Finances and Grow Your Money https://thehumblepenny.com/takecontrol

★★ FURTHER RESOURCES ★★

✅ The Humble Penny website/Blog – https://thehumblepenny.com

✅ Financial Joy Academy – https://financialjoyacademy.com

✅ Budget For Life Spreadsheet – https://thehumblepenny.com/budget-for-life/

★★ SUBSCRIBE TO OUR CHANNEL HERE ★★

https://www.youtube.com/thehumblepenny?sub_confirmation=1

★★ POPULAR VIDEOS ★★

I Wish I Knew THIS About INVESTING MONEY When I Was 20 – https://youtu.be/C9c4TCAe1SE

5 Work-From-Home SIDE HUSTLE IDEAS That Make Money £500 p/m [UK 2023 EDITION] – https://youtu.be/rTdLWdPS3LM

9 Reasons Some People ALWAYS MAKE MONEY ONLINE (and others don’t) – https://youtu.be/X_FA1nU3dmM

9 BEST Passive Income Ideas for £1000 per month (In 2023) – https://youtu.be/qwn_Gc46ahE

5 Breakthrough Passive Income Ideas – https://youtu.be/FJUKYuo6Oyw

7 Things No One Tells You About Passive Income – https://youtu.be/6Mw0yncGj5Y

21 Passive Income Ideas For A Freedom Lifestyle – https://youtu.be/TIOBlUDtHsc

14 HIGH PAYING SIDE HUSTLES For 2023 To Start Today With Little Money – https://youtu.be/brAvEZCl0ys

How To Invest £1000 (9 Best Ways to Invest) – https://www.youtube.com/watch?v=0jRQk8Xkvxg

★★ EQUIPMENT USED ★★

Canon EOS M50 Camera – https://amzn.to/2zcz1K0
Canon 5D Mark II Camera – https://amzn.to/2xRF1XD
Canon EF 24 – 70mm F2.8L Lens – https://amzn.to/2lFwdRQ
Canon EF 50mm F1.4L Lens – https://amzn.to/2lF6Sr9
Manfrotto Tripod – https://amzn.to/2YC3Sto
Apple iMac 2019 – https://amzn.to/2lEXNyz
Rode Microphone – https://amzn.to/2lFs0O2

★★ ABOUT US ★★

MARY:

I’m married to Ken and we have two boys aged 8 and 6. I’m a Londoner, born in Hackney! 🙂

Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

When I’m not creating, I love vegan food, traveling, working out, and doing some outdoor fun things with my husband and kids 🙂

KEN:

I’m a husband to Mary and daddy first and foremost.

Former CFO by day with over 12 years of experience in the investment business. I’m a Chartered Accountant and hold an MBA from Cambridge University.

To explore my creativity, I’m a blogger, YouTuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant.

I have a passion for all things Personal Finance, Business, and Personal Development. I also love Photography, Music, Travel, and Sport.

We became Financially Independent aged 34 and our story has been featured on the BBC, ITV, Financial Times, The Sunday Times, etc.

★★ WANNA CONNECT? ★★

Blog – https://thehumblepenny.com
Insta – https://www.instagram.com/thehumblepenny
Pinterest- https://www.pinterest.co.uk/thehumblepenny
Twitter – https://twitter.com/thehumblepenny
Facebook – https://www.facebook.com/thehumblepenny/

★★ BUILD WEALTH ★★

Visit our online school at Financial Joy Academy for all our wealth building Action Plans:

Financial Joy Academy

Massive thanks for watching and following our channel 🙂 ♥

★★ TIME STAMPS ★★
0:00 – Intro
1:05 – Why I Made This Video
2:21 – Life Insurance Dilemmas From Our Community
5:07 – What Is Life Insurance?
5:41 – Term vs Whole Life Insurance
8:01 – Exclusions from Term & Whole Life Insurance
8:51 – What About Critical Illness Cover?
10:47 – What Does Life Insurance Cost?
11:56 – Do You Need Life Insurance?
13:30 – Why We Got Life Insurance
14:12 – Individual vs Joint Policies
15:08 – How Much Life Insurance Cover Should You Get?
16:05 – How Many Years Should You Get Life Insurance For?
18:39 – Life Insurance Providers To Consider
21:43 – Life Insurance As A Wealth Creation Tool
22:30 – Why Getting Life Insurance Early Matters
22:51 – Why The Provider You Choose Matters
24:27 – Why You Should Put Your Life Insurance In a Trust
25:29 – 2023 Q&A UPDATES
25:35 – Can You Take Money Out (or Borrow) From a Life Insurance To Invest Elsewhere?
28:48 – Should You Get a Separate Policy From One In Your Job?
30:27 – Should You Get Indexation Policies With Rising Premiums?
31:38 – What Happens At The End of Term Life Insurance?
33:03 – What We’ve Changed In Our Life Insurance In 2023
35:21 – Conclusion