NBC News – Investing In Life Insurance
Investing in life insurance can be an important et in your investment portfolio.
Duration : 0:4:39
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Tags: In, insurance, Investing, Life, NBC, News, Planning, Retirement
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on Tuesday, July 28th, 2009 at 9:31 am and is filed under life insurance.
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July 28th, 2009 at 9:31 am
True and term is …
True and term is best for people that are piecies of , but for people who know how to save money and leverage cash your statement is the dumbest in the world.
July 28th, 2009 at 9:31 am
Does your advisor …
Does your advisor with all the degrees work for AIG?
July 28th, 2009 at 9:31 am
i am sure he does …
i am sure he does hate pfs………..we replace what he sells to the public.
July 28th, 2009 at 9:31 am
Banterking was …
Banterking was unable to answer this question, so I’ll post it around and see others handle it: What advantages does an HONEST primerican have over an HONEST broker?
Feel free to elaborate.
July 28th, 2009 at 9:31 am
Actuall Suzy is an …
Actuall Suzy is an agent for Genworth not Primerica.
July 28th, 2009 at 9:31 am
Because the IRS …
Because the IRS says so. You should know that or at least one of your Primerica buddies should. Oops, guess not since none of them have any sort of actual professional education in the area of finance. My advisor has been in the field for 35 years, has an Accounting degree, is a CFP, ChFC, CLU, and has his MSFS. He f*cking HATES Primerica agents with a passion.
July 28th, 2009 at 9:31 am
Anyone who doesn’t …
Anyone who doesn’t realize that they can buy , dollar for dollar, more term than WL is a f*cking idiot. Who are your clients? West Virginian hillbillies?
July 28th, 2009 at 9:31 am
They have a cubical …
They have a cubical? I think your giving them too much credit. Most that I know work out of the trunk of their car, or worse yet the bed of their pick up.
July 28th, 2009 at 9:31 am
To use the words ” …
To use the words “planner” and Primerica” in the same post is giving them (primarica) too much credit. I have yet to meet one that has any sort of financial designation (CFP, ChFC, CLU, etc). They seem to have worthless and misleading ones (CSA, CLTC, etc) if any at all.
July 28th, 2009 at 9:31 am
This has got to be …
This has got to be one of the stupidest posts yet on this subject. Try working with a true professional in the business, someone with a ChFC, CLU and or CFP designation.
July 28th, 2009 at 9:31 am
banter: The books I …
banter: The books I read talk about listening to the client and making recommendations based on their needs and long-term objectives. They talk about things like personal needs analysis and risk tolerance and that not every client will have the same goals. They also mention how being a one-product, one-mentality planner is bad because it limits your ability to help your client. You should read it sometime, it might help you go from being a Primerica life insurance salesman to a financial planner
July 28th, 2009 at 9:31 am
do the books you …
do the books you read teach sell 10 term to families or wl ? if so i probably won’t read them thanks.
July 28th, 2009 at 9:31 am
Allow me to clarify …
Allow me to clarify: that was not meant at you woden, I was spouting off about the Primerica children on YouTube and how the ignorance is getting very, very old.
And no, it’s not dedication, perseverance, or any other spin you can put on it…it’s IGNORANCE. Ignorance isn’t bliss, it’s just ignorance!
You Primerica people need to step aside and let the real professionals handle this stuff. If you’re so inclined, go pick up a book and get educated instead of brainwashed!
July 28th, 2009 at 9:31 am
This is so true. …
This is so true. I’ve realized that this entire conversation is just a circle…we say something and all they say “No! It must be Primerica!…not thing else will suffice!” How about using your brain and (yes, I’ll say it again) doing a FINANCIAL PLAN for the client? I love how they all talk about the “kitchen table”…well, life insurance salesmen sit at the kitchen table while real financial planners have them come to the office. Whats the matter? Afraid of the client seeing your cubical? LOL!
July 28th, 2009 at 9:31 am
Wow, what a …
Wow, what a lopsided conversation, clearly in ThatPsycoStud’s favor.
Most people have come to realize that BanterKing has no credibility. He prefers to remain ignorant of all things not Primerican. The brainwashing continues.
If WL was so bad, then banks, corporations, doctors, lawyers, and private business owners wouldn’t buy it. But, they do.
Banterking, how many times do you have to hear how WL LI works before you go out to verify it for yourself? Don’t let the truth scare you.
July 28th, 2009 at 9:31 am
Ha, you still don’t …
Ha, you still don’t get it. All you do is call the insurance company and a check is in your mailbox in a few days. It’s all your money. No fees or charges are added to WITHDRAW cash value.
There are reasons why people would choose the loan option instead. In which case it’s a LOAN and loans have interest. The loan in this case is from the insurance company.
My gosh banterking, you have to understand this if you want to save any credibility you thought you had.
July 28th, 2009 at 9:31 am
my point was if i …
my point was if i needed money from my policy would i cost me anything and the answer is YES.
July 28th, 2009 at 9:31 am
All financial books …
All financial books don’t say the same thing. The only ones I’ve pointed to as reference so far are the CFP study books and the Life/Health exam. These are not sources that were “trained by life companies.” Your lack of knowledge on this subject is showing.
If someone were using WL as an investment, it should be used as the bond portion of their portfolio. The return inside the policy is comparable and comes with added benefits bonds can’t provide.
Have we given up on the loan thing?
July 28th, 2009 at 9:31 am
buying a policy …
buying a policy when you are young is great. however using a wl policy as an investment is a terrible way to save.all financial books on wealth say the same thing. the only ones who disagree are life agents who were trained by life companies.
July 28th, 2009 at 9:31 am
Curious about the …
Curious about the context?
When I graduated I had the choice between a few different financial companies. I chose the one I did because they were less focused on a product sale and more focused on helping people.
As I gained licenses and knowledge I saw the value in having a policy early on in life so I sold one to myself. The more “nuts” thing to do would be to back out of something that works like WL does.
Just to clarify, you now understand a withdrawal from a loan, right?
July 28th, 2009 at 9:31 am
you were sold this …
you were sold this at age 22 ? OMG who taught you this is a great way to save? i was sold the same garbage at age 21.if you keep that policy you are nuts.
July 28th, 2009 at 9:31 am
I’ll quote directly …
I’ll quote directly from a policy.
“The interest charged on policy loans is payable in advance and is guaranteed at the effective annual rate of 8.00% for the first 43 years. Thereafter the rate is 5.00%.”
This is from my policy, so the 43 refers to the years till I will be 65. I was 22 when I took the policy out. So if you notice the phrase “policy loans” is in there, that’s what you’re mistaking for “getting charged to take out my own money”.
July 28th, 2009 at 9:31 am
Do you understand …
Do you understand the difference between a loan and a withdrawal? A loan has an interest charge (cause it’s a loan!) and there’s no cost to withdraw money.
When I start teaching a client about the different types of insurance, they are given by the book definitions of everything. Like I said in my reply to your direct message, WL should never be purchased if it means taking away from the proper death benefit they need.
July 28th, 2009 at 9:31 am
actually if you …
actually if you read the policy ,they all state there is a 6-8% interst charge. and by the way when selling a policy do you tell the family if they buy term they could have much more ins. for the same cost.
July 28th, 2009 at 9:31 am
As it has been …
As it has been explained before, you can take out your cash value as a withdrawl anytime after the first year. It’s your money so no charges. Have you ever read a participating whole life policy before?