Disadvantages of Whole Life
Term vs Cash value
Duration : 0:1:57
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The most important …
The most important part of this video is the line “Don’t trust what any idiot puts on an unregulated webpage”. Including the idiot that posted this garbage biased video on this ‘unregulated webpage’. This is the most unprofessional video I’ve ever seen endorsed by a company. All I have to say is wow!
drakan58 u got …
drakan58 u got nothing better to do with ur life than sit in your underwear and write hate comments? about a company u dont even know anything about? HAHAHA
Primerica is AWESOME.
The scary music in …
The scary music in the background is a nice touch…
If you have any education in these matters you will know that there is a need for term in certain occasions, WL in certain occasions, and there are cases where they should be mixed.
whats better 25k …
whats better 25k when you die or 425k ???? whole lifers are scum.
I’m glad that you …
I’m glad that you are done with my educated comments. I have the statements to prove so it must be you that is ignorant or shal I say VERY,VERY STUPID.
Why do you …
Why do you insurance scumbags seem to always link Primerica with Citigroup. I don’t need to use Citigroup because Citi doesn’t have anything to do with what I do with Primerica. You are just a nother crooked agent that is a industry liar. Buddy let me tell you this, accross the table with a customer I would eat your lunch. Your comments aren’t worth a . Go ahead and climb in a hole because that is where you belong.
ARE YOU A FOOL? DO …
ARE YOU A FOOL? DO your numbers S&P 500 1998 Jan 2nd 1,101 – March 2009 – 782…If you bought on the way up you are now way down WAY WYA DOWN…ITS NOT NEGATIVE? FUNNY…I am done with your ignorant comments since you KNOW NOTHING!
I am laughing at …
I am laughing at your ignorant comments. Hold a candle to PRIMERICA? LOL…If I had to compare myself to PRIMERICA people I would crawl in a hole and never come out. PRIMERICA holds itself out to me a part of the WORLDS biggest and strongest institution, CITIBANK, LOL, now thats funny since CITI is a horrible company, secondly, buy term and LOSE the difference has never worked just look around. Third, I know PRIMERICA people only work with people that make 50k and below. Get a life.
drakan58: You are a …
drakan58: You are a fool. The definition of a fool is one who believes his own bull. Are you an agent? You couldn’t hold a candle to many of the Primerica agents. Good luck with this comment. Remember that some of those Car Salesmen could information wise put you to shame but I know that you will dispute this.
I couldn’t help but …
I couldn’t help but notice that you said that a roth has averaged a negative since 1998. sorry to dissapoint you but that is just not true.
You really need …
You really need some new material holeman30.
Saying the same 4 or 5 things over and over again doesn’t being much to the table.
60% of the …
60% of the population only need term. This is a ballpark figure fact. And NO ONE can prove this wrong.
I literally think …
I literally think that Primerica just lies to their financial reps (and in essence, to us) about insurance. I’ve talked with a few reps a parties, and they LITERALLY don’t understand how WL insurance works. Not only that, they are part time employees. I really wish my Doctor, Lawyer, and Account were “part time” too, right?
Also, don’t listen to Astroman30. He has no idea about anything. Just ask about anything and watch the BS flow.
Whole life …
Whole life insurance is a rip-off. High payments and high commissions for the sales reps. Purchase term insurance for a much CHEAPER price with a bigger pay-out to your family. Don’t listen to these insurance weasels on here bashing this video.
wow this is the …
wow this is the most uneducated video on youtube.
If whole life c/v …
If whole life c/v is so great why does it not make any money the first three years.Oh thats right it goes to the agent.you know what makes me mad insurance broker. when A spouse dies who gets the cash value.Not the spouse the agent keeps it.10-15 companys at any given time,bull y name them?You cant because you are the biggest scam out there.
Your the reason why people lose in the end.Who do you work for.oh ya You dont tell us that becuase your scared. so dont bad mouth primerica.
drakan, you are so …
drakan, you are so smart. Dave Ramsey, Suzie Ormon, Jim Cramer, Smart Money and Consumer Reports have been wrong all this time. Gee you are the only one who figured it out. I guess the MILLIONS of listeners who take their advice are just dumb. Buying Whole Life insurance will make everyone rich. Drakan that’s pure genius.
OH and by the way.. …
OH and by the way…your private response to me about 401k and IRA…The 401k has only been around since 1980…How do you have tax free growth into something for 50 years when it wasnt around? Also, do a little more research and you will see they are talking about Confiscating your 401k!!! When will you do then…but then again I am speaking to the ignorant ones who actually listen to Suzie orman and Dave ramsey!!! Nevermind I am done with you.
You have to be …
You have to be kidding me…You take your advice from Suzie and Dave Ramsey? WOW, now i understand why you KNOW NOTHING. Im done with you…Keep on keeping on with those 11% mutual funds which are down OH ABOUT 40%…They are never coming back for the next 10 or more years…You will see DOW 4000 before the middle of next year…Have fun.
WTF?
WTF?
The economy will go …
The economy will go back up. Everything is down right now. I would still buy mutual funds over your ty WL policy that only grows 4%. That’s less than the rate of inflation. Check out Dave Ramsey, Smart Money, Suzie Ormon, Consumer Reports. Get their take on WL policies. Dumbass
drakan, MUTUAL …
drakan, MUTUAL FUNDS have an roi of about 11% over the last 50 years AND LONGER. Need a source? Try Dave Ramsey, Suzie Ormon, Smart Money, Consumer Reports…etc Also purchasing mutual funds through an IRA or 401k grows TAX FREE. There’s my research douche bag.
Primerica people …
Primerica people are UNEDUCATED, PART TIME, PYRAMID SCHEME, HIGH TERM INSURANCE COST, car type sales people who know nothing about finance.
Astroman,
Before …
Astroman,
Before you speak please do your research…I know IGNORANCE is bliss but please dont speak on something you dont know anything about.
ASTROMAN…
YOu …
ASTROMAN…
YOu better do your research instead of SPEAKING from your ignorant point of view…When was the ROTH IRA introduced to the public? Well thats easy 1998…WHAT 50 years are you talking about? since 1998 the market has been in the negative so your ROTH IRA averaged a negative percentage…
So what 11% are you talking about for 50 years?
Secondly, the ROTH only allowed you 2000 to put in when it was first established and it was for poor people who are in very low tax brackets.
Perecntage of term life policies that actaully pay out death benefit – 1-2%.
Chances of death – 100%
Term is dirt cheap for a reason – 99% it never pays out for a risk that you know will happen – death!
Citigroup (which owns Primerica) OWNS BILLIONS IN WHOLE LIFE insurance on its executive class to help fund their supplemental pension plans – look it up in their annual report. They do this because they take the advice of talented and educated attorneys, accountants, and financial advisors.
Do as your superiors say, not as they do – and keep filling those Citigroup coffers to pay for their whole life premiums. Why doesn’t the “buy term and invest the difference” video up there tell people that – you know, in the interest of full disclosure?