Insurance – educational
Some info comparing Term Vs.Permanent
Duration : 0:5:55
Related posts:
Term Vs Whole/Universal Life
May 18th, 2009 · 25 Comments · whole life vs term
Tags: life·Term·universal·VS·Whole
Business Insurance Agents
Business Insurance Agents Bring Cash To A Crisis, Not More Invoices
Valuable Resources For You
Business Success Tools 
Leverage The Power of the Internet To Grow Your Business!
not all companies …
not all companies and MGA contracts are the same i sell term and wl and i can tell you truthfully that i get paid exactly the same % of commission for either product for the life of the policy. it all depends on your MGA contract
Considering that …
Considering that most all whole life policies have a cash surrender value equal to their premium outlay at 10 years – you could theoretically recover 100% of your premiums spent after 10 years.
When I show a term illustration and a whole life illustration the ONLY! reason that people don’t go with the whole life is the cost.
You need insurance? You have two choices. No money… buy term… within your budget, you get whole life. Or blend the two.
Everyone on here needs an education.
do a youtube search …
do a youtube search for ‘insurance urance’ – speaks for itself.
Anyone that thinks …
Anyone that thinks whole life and universal life should bo read Personal Finance For Dummies. I think the name of the book speaks for it self. I’m actually Life Licensed in the province of Ontario and I only sell 100% Term 100% of the time. I could easily make 5 times the comissions selling the other stuff but I like the fact that I can sleep well at night.
You don’t think …
You don’t think Suze Orman fully understands how whole life works? She has nothing to gain or lose by recommending one or the other. But she recommends nothing but term life insurance. Funny, life insurance agents sell whole life policies, but own term life. Hm, wonder why?
You, obviously, are …
You, obviously, are a whole life agent or are more stupid than dirt. Anyone with common sense, when they look closely at their whole life policy, will see its great–for the insurance company and the agent who sells it. You’re also probably a fan of the interest only or option arm mortgages, the biggest ripoffs since, well, whole life life insurance policies.
WHOLE LIFE STINKS.. …
WHOLE LIFE STINKS………….
There are much …
There are much better things you can do in order to create a “legacy” for your heirs. “legacy” really isn’t a word that I would have used to describe a financial et you leave your heirs. Integrity is a legacy. A family business is a legacy. A life insurance policy is no legacy.
i study policies …
i study policies for a living.whole life is crap……..every single one of them.
And.provide a …
And.provide a legacy for your heirs. There is that….
Not really. I m not …
Not really. I m not sure you fully understand how it works. If you did- you’d have some.
ACTUALLY NO WHERE …
ACTUALLY NO WHERE NEAR THE SAME ON MARKETING………………cash value is a ty product !!!!!!!
This video is such …
This video is such bullshit! This broad is talking about how W/L premiums are expensive to cover the costs of marketing and cost of selling policies, so you mean, term insurance companies don’t spend any money on marketing? hahaha. What a joke! This is what happens when you get someone that is not involved in an industry talks about stuff they don’t understand!
it doesn’t matter …
it doesn’t matter how the investment works because you will lose it and the insurance company will take it.
plus for cash value u gotta give up your insurance protection to take out the investments. Demcee you are either uneducated about how those policies really work or youre just another insurance salesman.
LOL, if I look like …
LOL, if I look like a little girl its sure better than looking like a ing retard. You can’t even calculate fractions. LMAO!!!!!!!!!!!!HA HA HA!!!!!!!!
They put 5 to 6 …
They put 5 to 6 figures a year into employee paid life insurance. Not for their own personal protection. The idea of Donal Trump having life insurance is very debatable because according him, he doesn’t. I’ve attended meeting that he’s spoken at.
And furthermore, …
And furthermore, Life Insurance isn’t meant to make money off of, it was created to provide a death benefit for burial.
Because you for got …
Because you for got about the exclusionary clause that all life Insurance policies have.
One thing did occur …
One thing did occur to me… how could you disagree with this post in it’s entirety? please re-read it. I clearly suggested that if you give me a $100 “Today” and die “Tomorrow” I could (for the sake of discussion) give you $500k tax-free! No free market et would have the time to grow to compete. And in the real-world that happens. People buy policies (or choose not to) and a week later have strokes or get hit by drunk drivers.
good point. but …
good point. but Trump has Cash Value life ins. I know who he worked with in NY. (honestly). Also have a proxy statement(s) which shows the top 5 executives at GE putting 5 to 6 figures a year into Universial Life ins. policies. Same thing for Home depot exec’s and many others at Boeing, Hewlett Packard etc… why and what do they know (and their advisors) that you ignore?
1) i agree. I have …
1) i agree. I have said over & over life ins can be a great long term “savings” vehicle not investment 2) I agree 3) I agree. And the best et in the irrevocable living trust being life insurance (any good attorney worth his salt will agree or call me to get MY opinion) 4) I ume you meant little leverage value & you’re wrong you just haven’t seen it used correctly 5) I agree but most of those are ill-liquid and not tax attractive at death making a case for life Ins & yes I appreciate my RIA
I meant “long-term” …
I meant “long-term” of course. And the 5 to 10% I referenced is separate from Estate and business planning needs. Just if it’s used for long-term safe money to supplement future retirement needs. By the way “Linked-in” has very practical networking, prospecting and business applications. Anyway look up The Producers Firm and check the Life ins tab. I have info you may appreciate there. Start with the first link.
I’ve got to agree …
I’ve got to agree with your last point, astroman hasn’t a clue what he’s talking about. He’s a cook at Mc’Donalds who some insurance agency decided to hire for what ever reason.
I have an LP. I pay …
I have an LP. I pay corporate tax rates on every dollar that comes into that corporation. I pay less in taxes than 90% of American’s and 100% of individuals who use Life Insurance to offset their taxes. I also avoid personal bankruptcy. Remember Donald Trump? His corporation went bankrupt but he personally didn’t. That is why he was able to start so quickly and in less than 10 years became a billionaire for the second time starting from scratch. This is how he did it.
I disagree with …
I disagree with your post in its entirety. 1) Life Insurance is not deemed as an investment. 2) The best way to growing money is through investing in the free market. 3) The best way to leave your money to your children is through a living trust. 4) Life Insurance has very value in leverage. 5) Owning hard ets, real estate, liquid cash, a going concern business, are true tangible leverage items. 6) The best option for maximizing your ets is to consult an RIA who practices Value Investing.