Buying life insurance the wrong way can cost you six figures and leave your family exposed. Russell Boring breaks down term vs whole, indexed universal life, infinite banking, and “tax free retirement” inside a policy. We cover caps, floors, surrender charges, loans, and the incentives that could push bad products.

Watch if you’ve been pitched: whole life, IUL, VUL, guaranteed UL, or infinite banking.

Key takeaways:• Permanent can fit when income is high, plans are maxed, and you’ll actively manage the policy.• Linear illustrations hide volatility and loan risks.• Estate planning can be the best use of life insurance.

Timestamps

0:00 Don’t buy before you hear this

3:12 Term vs whole explained simply

10:45 What “indexed” really credits

16:20 The illustration trap and tax bomb risk

24:30 Caps, floors, moving parts that change

31:50 Who infinite banking truly fits

39:25 Fees, structure, and surrender charges

46:10 Why insurance isn’t your financial quarterback

53:30 Action plan: protect first, then consider permanent

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