10 best books on life insurance [updated 2022]
Below is the list of the top 10 life insurance books to read in 2022, which will give you the necessary guidance on life insurance to protect your family when you are no longer here.
- Debunking Life Insurance Lies (get this book)
- the tools & life insurance planning techniques, 6th edition (get this book)
- confessions of a certified public accountant: the truth about life insurance life ( get this book )
- questions and answers about life insurance ( get this book )
- new life insurance investment advisor (get this book)
- live your life insurance (get this book)
- money. wealth. life insurance ( get this book )
- what’s wrong with your life insurance ( get this book )
- how your life insurance policies get stolen (get this book)
- manual of consumer reports life insurance ( get this book )
Let’s discuss each of the life insurance books in detail, along with their key points and reviews.
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#1: Breaking Life Insurance Lies
38 myths and misconceptions that sabotage your wealth
by kim d. h. butler and jack burns
book review:
Let’s start with this best life insurance book on busting the myths. Most of us have very little idea about life insurance, so we believe whatever information we hear here and there. This book will give you summary information about life insurance, which you should have known before you turned 30. This information will save you a ton of money and will be a great protection fund for your family. If you don’t take action now, you’ll have to pay a lot more to get the same type of hedge fund. so pick up this book (even if you’re over 30) and act wisely. this book is very practical, and you can immediately implement the lessons in your life. The best way to read this book is to read each chapter, take notes, and see if you’ve made a similar mistake. if so, change it; if not, go to the next chapter and repeat. We recommend this book to bust the myths, but don’t expect it to be full of technical jargon and calculations. this book is written for a layman and in the form that is addressed to an audience that needs to learn the basics of life insurance.
key points
- You may have a lot of questions about life insurance. For example, you may be wondering, isn’t life insurance a waste of money? don’t i lose all my money when i die? or something like, should I buy life insurance for my spouse and family? this book will answer all your questions.
- after reading this book, you can go ahead and read something more technical to understand how you can buy life insurance.
#2 – the tools & life insurance planning techniques
by stephan r. Leimberg, Robert J. doyle and keith a. dollar
book review:
This book is not a basic book, and you need to dig deep to understand it, and it is necessary if you want to make a wise decision. life insurance seems so easy. When we decide to take out life insurance, we call an agent, talk to the agent about the options we have, and then choose the one that seems best to us. But life insurance is not as simple as that. There are many other considerations to pay attention to, such as: compensation and benefits, estate taxes, state tax, state tax refers to the privilege tax, which allows owners to exercise the right to transfer their property to legal heirs afterward. upon your death or in other circumstances as permitted by law. read more, business succession, survivor needs, and estate transfer. you need to weigh each factor equally and then decide which life insurance you should take out. If you want to avoid all the complexities, just read this book after reading a basic life insurance book. reading this book will walk you through life insurance planning tools and techniques, and then once you’re convinced with the number, you can go ahead and talk to your agent about buying the best life insurance.
key points
- Unlike any other book, this one is not easy to read because it covers all aspects of life insurance so you won’t be fooled by people who know more than you.
- this the book is very comprehensive, and you don’t need to read another book on life insurance planning if you can chew the information presented in this book.
#3 – confessions of a public accountant: the truth about life insurance
by bryan s. flourishes
book review:
What if you get a book that can show you all the nooks and crannies of a permanent life insurance policy and guide you through your life? Would you pick up that book and read it? well, this top life insurance book is the exact solution for any life insurance related problem. Not only will you get a practical overview of all life insurance policies; you’ll also get an overview from a professional who’s been there and seen it. This life insurance book teaches you the exact things to keep your money from slipping through your fingers and helps you put your money to use in other tax- and growth-efficient investment portfolios. mutual funds, derivatives or even bitcoins) instead of a single asset with the aim of obtaining returns proportional to the investor’s risk profile.read more. You will also learn some fundamental investment rules such as “the rule of 72”, “opportunity cost”, “compound interest”, etc. In addition, you will also be able to relate to many real-life examples that will help you better understand the concepts. Simply put, this is a book to read before you think about purchasing a permanent life insurance policy.
key points
- the author mentions that there are three types of knowledge that we have: “consciously competent knowledge”, of which we are aware, “consciously incompetent knowledge”, of which we are not aware and, finally, “unconsciously incompetent knowledge” , of which we do not know that we are not aware. This book will teach him the third type of knowledge.
- In this concise volume, he will learn a lot about life insurance, which will make implementation much easier for him.
#4 – life insurance questions and answers
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by tony steuer
book review:
This book will show you exactly what you need to know. After reading this book, many readers have mentioned that this book is truly written for consumers, and the author really cares about consumers and their interests. He will not only get plenty of real-life illustrations on how to evaluate an insurance policy and understand death claims, but he will also get plenty of answers to all of his questions regarding the field of life insurance. if he is a consumer and has no idea what life insurance to take, read this book and he will know. Reading this best life insurance book will equip you with the tools and techniques you need to know how to ask your agent the right questions and do your own due diligence. furthermore, any layman can read this book. it is lucid, interesting to read and very complete. take this book and read it sequentially. Once you finish reading this book, go talk to your agent and take out life insurance based on his knowledge and prudence. reading this book will make reading everything else unnecessary.
key points
- there are four most important things you will learn: how to do life insurance planning, how to keep your policy in force, how to perform due diligence and company evaluations, and what pitfalls to be aware of before taking a life insurance policy.
- This book is complete for those who have no knowledge of life insurance. you will get all the answers you may have in this book.
#5 – new life insurance investment advisor:
Achieve financial security for you and your family through today’s insurance products
by ben baldwin
book review:
Once you have a basic understanding of life insurance, it’s time to look at it as an investment and savings tool. If you’re new to life insurance, this may not be the book for you. First, understand why you need a life insurance policy, why you shouldn’t pay attention to all the agents, and why everything that is said about life insurance is not true. and then return to this book. this book is advanced, and if you want to take your life insurance investing to the next level, read this book. This book is clearly written, and any layperson can read it (but they shouldn’t before reading a basic book on life insurance). Aside from regular consumers, this book is a perfect guide for those who want to pursue financial planning as a profession or who already have a few years of financial planning experience. In addition, you will also learn the details of the life insurance products in which you can invest and multiply your money.
key points
- This book is based entirely on looking at life insurance from different perspectives. Aside from life protection coverage, life insurance can also be treated as an investment product. Based on the information in this book, you can buy the right life insurance policy to multiply your money.
- This book covers the pros and cons of buying life insurance online, how to use the capital within a policy, an overview of the different stages of life insurance, etc.
#6 – live your life insurance
Amazing Strategies to Build Lifetime Prosperity with Your Whole Life Policy
by kim d. h. butler
book review:
If you’ve ever asked yourself the question, “but how would life insurance help me multiply my money in addition to providing my death coverage?” this is the book for you. This is a very short book compared to any life insurance guide on the market. but it will help you understand the different types of life insurance policies and show you how you can creatively build tax-deferred/tax-free growth on your money using life insurance policies. The best thing about this book is that it shows you how to take advantage of your life insurance while you’re still alive, not just for payment to your family after your death. As you can expect this topic is not easy to discuss, the author does a great job of breaking it down into small steps so average readers can understand the concept. In addition, the author also talks about how to approach life insurance at 20, 30, 40 and 50 years. In a nutshell, the author’s financial advice regarding life insurance is top-notch and useful for anyone who wants to multiply their money over the years through life insurance.
key points
- This is a very concise guide. all you need to invest in an afternoon to review all the concepts. If you read and apply everything you learn in this book, you will never have any doubts about life insurance.
- This life insurance book shows you how to take charge of your financial life in your 20s, 30s and 40 years. , and 50.
#7 – money. wealth. life insurance
how the wealthy use life insurance as a tax-free personal bank to boost their savings
by jake thompson
book review:
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This is again a concise guide to life insurance. but he doesn’t talk about the old basics of life insurance; rather, it takes the discussion beyond simply using life insurance as a savings and investment tool. This book will show you how the wealthy use life insurance to earn more money and receive more tax-free income. If you want to read this book and understand life insurance as a protective coverage tool, you may be disappointed. Because this book assumes that you already know the magnificence of having the right policy to protect your family. will answer some burning questions you may have about life insurance, such as: what would happen to the accumulated cash vault after the insured’s death; Can grandparents ensure that their grandchildren benefit their grandchildren? How can you convert a 401(k) to a lump sum policy? Do death benefits decrease after 7 years? if yes, why and so on. however, this book will not answer all of your questions. you can use a foundational life insurance book at hand, and along with that, you can use this book as a reference to get rich through life insurance.
key points
- You’ll learn how the wealthy use life insurance to create more wealth, reduce risk, and generate predictable income, as well as how you can earn a 300 percent return leveraging your insurance policies.
- You’ll also learn why banks and corporations invest billions of dollars in this industry and how you can save taxes and make more money with life insurance policies.
#8 – what’s wrong with your life insurance
by norman f. dacy
book review:
Let’s say you want to read a bible on life insurance. your only preference is that the information is relevant and tells you everything you need to know (even the darkest truths) about life insurance. well, this book is a bit old but it can be called the bible of life insurance. As you read this book, you’ll realize that there are many more facets to life insurance than your agent ever tells you. For any consumer who has been thinking about buying an insurance policy or someone who has made a living selling life insurance, this book is a must read. this is the kind of book you should have on your desk at all times if you are involved in selling financial products/helping clients with financial planning. This book may seem negative to you at times because it focuses on the things that are wrong in life insurance so that you can correct them as an agent and as a consumer. Before you take out life insurance or if you consider taking out second/third life, read this book first. and you would be aware of the flaws in the life insurance market, and rarely could anyone fool you with their clever tricks.
key points
- This book is completely updated and edited according to the needs of today’s life insurance market. so don’t put it off just because it was written 25 years ago.
- This book has alerted thousands of Americans over the years to the abuse and greed of the life insurance market. can also help you.
#9 – how your life insurance policies get stolen
by arthur milton
book review:
This book is just an extension of the previous book. This book is a short and sweet guide that will protect you from being deceived by the life insurance industry’s sugarcoated attacks. it’s all good: protecting your family with a life insurance policy, knowing all about how life insurance planning works, how to use life insurance to your advantage and save taxes and earn more money, how you can increase your profits in life insurance. But very rarely do people talk about the pitfalls of life insurance, which as a consumer and as a new life insurance agent, you should be aware of. This life insurance book not only talks about the downside of the life insurance business, it also tells you the history of life insurance, helping you connect the dots and relate to what the author is talking about. trying to explain. if you read the book “what happens to your life insurance”, along with this book, you will have no doubts about what type of life insurance you should take out. this book will save you a ton of money and you can save and invest in better instruments than cash value life insurancecash value life insurancecash value life insurance is a type of permanent life insurance that offers a additional savings component, i.e., cash value, to policyholders, which they can then use for loan or policy premium payments. contrasts with typical term insurance, where the benefit is received only after the death of the policyholder. read more.
key points
- You will learn the two most important things in this book:
- First, life insurance agents sell cash value life insurance for one reason only: to earn a commission.
- Second, you don’t have to buy cash value life insurance. Cash value insurance is just term insurance with a savings component with a low earnings rate. if you take term insurance, you can invest the rest of the money in other better investment tools.
#10 – consumer reports life insurance handbook:
how to buy the right policy from the right company at the right price
by jersey gilbert, ellen schultz and consumer reporting books
book review:
This book is not recommended for everyone, as the content of the book is priceless, and this book is a bit expensive as it is currently out of print. If you are very concerned about life insurance and have enough money to buy a book over $200, this is the only book you should read. Packed with consumer reports, this book will help you decide on the right life insurance and decline all other policies. This book will also enlighten you on the lies of the life insurance industry and give you the tools to overcome them. This book would be useful if you have a family and want to protect your interests by all means. will save you from the noise and smoke of the industry and give you the distilled information on how to make a move, how to think about a life insurance policy to protect your family, and how to never get confused by just another life insurance agent.
key points
- This book was written in 1967, and over 400 life insurance policies are classified here to uncover the truth from the noise.
- In this book, you will find a lot of reports. and articles offered by consumer reports, which will help you decide how much insurance to buy and which one to buy among all the options you have.
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