Susan Orman on Life Insurance
Susan Orman on Life Insurance
Dave Ramsey on life insurance
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This post was written by admin on Sunday, May 2, 2010, 18:07. admin has written 1242 posts on this blog.
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@bond519 omg that is good.
@probslpwtyormama: Why do they bury Whole Life agents 2 feet deeper than everyone else? Because deep down they are really good people.
@bond519 13″?? kind of long for those guys lol
@probslpwtyormama: What is 13 inches long and hangs in front of an ass hole? A Whole Life agents tie!
@stevejulie2006 if you take your helmet off will your sister/wife not worry about you?
@insurancemike10 <<<
@stevejulie2006 and there you have it another whole life agent showing his knowledge, of “blowjobs” GREAT POST STEVE…………WHAT AN IDIOT !!
@insurancemike10: here you go again Illegalmike with more of your bullshit Google shit. Do you look this up between posting pictures of yourself not haveing any balls?Again ass hole why don’t you prove the bullshit what you post?
Wow is Bondchlid a tool or what? Google it my friend – do a 45 female best class for $1mil at 30 year level and the results for yourself – rememeber, Primscary charges $2770 which includes a 14% fee to pay monthly. Does that answer your question toolboy?
@insurancemike10: Compared to what ass hole. Come on IllegalMike. Why don’t you give a complete answer rather than run your bullshit posts that you don’t have the balls to back up. come on chickenshit and complete the answer. IF YOU HAVE THE GUTS!!!!!!!!!!!!!!!
yes here is the answer – Primscary term is the MOST expensive term there is.
@insurancemike10: IllegalMike, When are you actually going to have the balls to answer a question honestly instead of answering with your crooked bullshit attitude.
@probslpwtyormama I’ll take my helmet off when you go straight and stop with your blowjob fetishes.
@bond519 Ummmmmmmmmm, I’m sorry. Who was talking to you???
@insurancemike10: I see the whole life selling crooks are at it again spreading their lies and misrepresentations to actually try and make people believe that they know what in the hell they are talking about.
@insurancemike10 WOW YOU SURE CAN POST ….HOWEVER YOU SURE DO NOT WANT TO ANSWER ANY QUESTIONS
Wow I see the primscary agents are at it again. I’m tired of posting their crazy rates for term. like a 45 female for $1mill of 30 year level which primscarcy only guarantees for 20 years and charges 14% to pay monthly – Go ahead and google Innovative Underwriters and seek your own quote for the same “best class” insured. TOOLS
@bond519 and the thing is………..the answer was yes.lol
@bond519: The Robot started talking about NASCAR and drinking. The man left but came back the third time. Again the Robot asked him “What will you have”? “A Martini” said the man. Again the Robot made the best Martini he has ever had. The Robot again asked him “What is your I.Q? The man said “50″. The Robot leaned over and asked him ” So what are you a Whole Life agent?
A man walks into a bar that has a Robot Bartender. The Robot ask “What will you have”? The man says “A Martini”. The Robot makes him the best martini he has ever had. The Robot ask him, “What is your I.Q? 168 he says. The Robot then talks about Physics and Chemestry. The man leaves but decides to come back. The robot again asks him what he would like and like before he says “A Martini”. The Robot again makes the best Martini. The Robot ask him again, what is your I.Q? He says 100. (continued)
@stevejulie2006 another great informative post steve, way to go bud!! some day we are going to be able to take your helmet off.
@insurancemike10 Ok cock sucker your an independent broaker that deals with more than one carrier. What’s the name of your company?
@stevejulie2006 <<<<
@bond519 just what i thought mikey has gone into hiding not wanting to answer any simple questions.this other goof stevejuvinille has some real issues, the guy is posting about wanting to “blow me” lol these trash value guys are a piece of work.
@stevejulie2006: Illegalmike has “NEVER” shown any concrete facts. But I wouldn’t expect any other comment comming from anothe whole life selling goon.
@TermAgencyBuilder now…whether ive answered ur questions to your satisfaction is irrelevant. the fact is…i did. if im wrong then point out where im wrong with evidence to back it up. NOT GENERALIZED STATEMENTS. now…i asked before: what type of agent are you and how do YOU earn commissions? are u a financial planner? advisor? securities licensed? life insurance agent? fee-based? commission-based?
@TermAgencyBuilder from what i understand…primerica agents only get paid for 1 year of premiums. how much do whole life agents get paid for? something like 50% the first year then decreasing for 10 YEARS?! clients have $0 in their cash values for 2-5 years? again…who’s ripping who? so u sell cheap term…BUT HOW MUCH? how do u make a living making 50% of cheaper term premiums? u don’t! hence, the NEED for whole life agents to sell CASH VALUE policies.
@TermAgencyBuilder so in summary our 2 arguments:
1. to understand what to give to granny…we must determine NEED v WANT. what if granny doesnt die, but instead gets really sick. wouldnt she need CASH? if she misses a payment on her GUL, what happens to the guarantee? putting money in mutual bond funds and then some in money market funds alleviates some of the market risk. since ive never heard u say ANYTHING about investing except how “volatile” it is, im going to assume u cannot provide that.
i would attribute maybe about 25% of my wealth to the advice from my agent. he doesnt HAVE to, but he did. and i dont EXPECT any primerica agent to do so. my only mutual funds r through him (american funds) & i only use that for my emergency fund. i got my trusts through the lawyers referred by PLPP. and he’s taught me a lot about setting up a non-profit organization. a goal i have in mind for the near future. i worked w/ others for other things, but this is to me is…VALUE.
when i was a former car salesman, i learned something very important: “Price is ONLY an issue in the ABSENCE of VALUE”. since u INSIST on pricing, that leads me to believe that you cannot provide value. the $55 quote i gave u was what i found on INTELLIQUOTE for my wife and i. i said i was paying something like $93 which INCLUDES $25k for EACH of my 4 kids. so maybe i might be paying more, maybe not. but my agent has provided SO much more than an insurance policy.
i am going to assume that u agree with me since u started pulling up quotes for the 50 year old after that. u pulled up your best quote for a 50 yr old for 20 yrs and then ASSUMED that primerica’s price would be over something (u said something like “i bet it’d be over $xx.xx”). that’s a general statement and to use it is a fallacy. i think ive made my point about primerica’s COMPETITIVENESS. i NEVER said it’s the CHEAPEST.
in that regard…i did give u a quote for that 31 year old standard (i have no idea how to get the monthly rate) and i think we can BOTH agree that it was COMPETITIVE. im NOT about to have a pissing contest with you on prices. ive never disagreed about that banner lady paying $69 more, but hopefully u can understand where im coming from about comparing “like-like” policies. YOU may not think primerica’s features r great, but again that boils down to VALUE.
okay #2. primerica’s pricing. let me make this point: i will NOT provide anymore quotes from them. i did that quote once & that just made me crazy using that rate book. i dont know how u guys do it n im not about to sit at my friend’s house using his computer pulling them up. he did, however, admit that they are not as competitive for the 50 n up crowd. before u jump for joy…understand that primerica’s MARKET is middle america aged 25 to 50. every company has a DIFFERENT market. no biggie.
the pdf article i posted earlier is from a former estate planning lawyer who is president of a FEE-ONLY life insurance consulting firm. so i will ask again…what type of agent are YOU?
this is all about NEEDS v WANTS. granny might WANT a permanent death benefit, but she doesnt NEED it. she needs liquidity and cash for retirement. a 529 plan is just ONE option. kids dont go to college? pass it on to the kids’ kids. instead of a 529 plan, put it in a municipal bond. that way, if granny needs cash, she has it. but see, u cant give ur clients those options can you? ive answered ur questions, but yet u havent told us what type of agent are u & how u earn commissions.
someone who is 58 yrs old getting ready to retire NEEDS liquidity, not an insurance policy. yes, u can sell me some permanent policy, but i dont NEED it. my rental income will continue WITHOUT me. will we NEED something for estate taxes later? maybe..but insurance is just ONE tool of many. and while u contend having an “independent” agent for life insurance, u CANNOT provide all i NEED since i think all u do is insurance. heck, i can even get legal advice through prepaid legal from primerica.
then you can google: “bnatax estate tax guaranteed universal life” which states “.. it has too many features that work well for high net worth estate planning clients.”
now…i think we’re really misunderstanding each other. MY question was on finding a permanent “NEED” other than estate taxes for the .01% that are WEALTHY. u bring up a granny who “WANTS” insurance for whatever. YOU brought up funeral costs and college. now ur saying it doesnt have to be. if granny is BROKE, she NEEDS cash.
other things from the article: “Most of these guaranteed death benefit policies pay extremely high commissions to selling agents.” and from wikipedia: Conflict of Interest – “Agents who sell Universal Life Insurance often receive commissions equal to half of the first year of target premiums providing an incentive to sell these policies over other less expensive term life insurance policies.”
here’s a great UNIBIASED article on GUL: google “lifeinsuranceadvisorsinc universallifenolapse” – though the article is unbiased, im not. so here’s some things i’d like to point out: “risks of No-Lapse Guaranteed Policies” 1. risk of late premium payment 2. possible insurer financial problems 3. CONFLICT OF INTEREST between policyholder & insurer 4. INFLEXIBILITY
@TermAgencyBuilder yeah i understand that the PRIMARY reason is for the death benefit. but that wasn’t my question. since u said it works just like a UL policy, if the cash value is $0, wouldnt that mean that there is a LOAN outstanding? so if the mortality rate keeps going up, doesnt the policy loan? which would mean that the death benefit is guaranteed MINUS the policy loan? i just dont see how a company can AFFORD to pay the FULL death benefit. if they could, then there’d be TERM till 100.
@TermAgencyBuilder: I will ask this question again. What is 13 inches long and hangs in front of an ass hole?
Your Tie!
@TermAgencyBuilder: your excuses to sell shit policies are getting more lame.
@TermAgencyBuilder: Nice excuse to sell a crap policy.
The guaranteed term policy works out for you too. You just don’t want to admit it. GUL can be dialed into the year you want it to lapse. You are thirty I can design it to lapse at age 90 if you want? Who or what company has the right to tell you how long you want your term level premiums to last?
@408illusion66 What happens to the 529 if the kid does not go to college? I told you she is not buying it for the CV it is in case she dies here is money for my grandchild. If the market averages 8% over 20 years, the account is going to be less than 90k for volatility risk is a killer. Putting a 58 a in mutual funds chasing a 8% return can cause trouble. People don”t want to pay cash for a funeral. Life insurance does it for pennies on the dollar.
It is not sold for the cash value. The client is buying it for death benefit which equals the face amount. Other than the guarantee not to lapse it works just like a regular ul. If CV is zero as long as premiums are paid no lapse is in place. Just like term except rates never ever go up.
All of these WL selling agents say that Primerica term is so much more expensive then why don’t they find the absolute cheapest term company and then push that? So I challenge all of you Permanent selling agents to answer this question.
@TermAgencyBuilder i do have a question for you though. i REALLY want to know. although the GUL death benefit is GUARANTEED regardless of its cash value amount, once the person passes away, do the beneficiaries get the FULL death benefit? or is it the death benefit MINUS any outstanding loans. in which case could be significant if one’s UL cash value account was at $0? im asking a serious question in TRULY wanting to know since ive never heard of it before u said it.
@jgilles85 yep,i agree w/ the first part, but i dont know about the 2nd. heck,TermAgencyBuilder could be to coolest buddy in person, i dont know. im not here to call ppl names or argue about character. anyone can make their OWN judgement simply by reading the comments. im here to debate about the issues. if im wrong, then im wrong. no biggie. though i could careless if he buys a primerica policy. my decision on buying primerica’s stock wasnt hinging on him buying one.
@408illusion66 Your right I didn’t realize he wrote GUL instead of UL. But whether or not the policy would lapse or not it still will most likely end of with a cash value of 0 and other issues as it’s being reccommended by someone like TerminalillnessBuilder and just so you know as you learn more about life insurance you will realize that permanent insurance sucks period!