It's my imposter once again spouting false information about permanent life insurance. CNBC clearly believes it's a good thing as evidenced by this video? Himm trust them or this primerica fool?
If they pay more than the minimum in their Universal Life policy, money accumulates in the side fund until the cost of the insurance exceeds the premium. The difference is then drawn from the side fund until there’s nothing left and the policy implodes. True - people need to be educated about how this crap works.
@a1prime1 Once again you state half facts - yes the cost of insurance goes up but it's so low in the beginning there will be way more than enough cash to cover the COI's - Isn't that the EXACT idea behind your lame Buy Term and Invest the Difference? Yes it is but this is better as they keep the coverage and grow the money TAX FREE!!!! You are such a moron!!!
@aIprime1 Interesting use of the phrase “half facts”. This coming from a clown that has to resort to ripping off other users id’s & using multiple aliases to spam their comments. I’ve looked through boxes & boxes of these “permanent” insurance policies & have yet to see any that work the way the crooks who sell them say they would. What we get are couples who’ve paid into their wonderful UL policies for 15 years & then finding they have less than $500 accumulated. But it’s tax free.
@a1prime1 It's my imposter once again spouting false information about permanent life insurance. CNBC clearly believes it's a good thing as evidenced by this video? Himm trust them or this primerica fool?
Then there’s universal life: Where the insurance portion is a yearly renewable Term or a level Term usually renewing in less than 10 years. All the fees, charges, taxes, etc. are on the insurance portion, so if a client pays the minimum, they have the worlds most expensive Term policy - and their premium will rise over time. Yes - rising premiums in a “permanent” insurance policy.
Whole Life where: they keep your saving for the first 2-5 years or longer. Where, when money does accumulate it’s at 1-4% at best (negative savings when you factor in the 2-5+ years they keep your money.) Where, if you want to access your own money, you have to take out a policy loan at 6-8% interest. Where if you die, they keep your “savings” and deduct any outstanding loans from the death benefit. Source - the actual policies themselves.
LOL!!! Noticed how they put the life insurance agents in the spot "if it wasnt for the economy going that bad you wouldnt make it appear in cnbc" you guys prey in the economy going bad to sell your crappy products
@acumedcorp as opposed to what? Managed funds that the brokers make more off of the investment then their clients. That's a crappy product. Typical broker mentality. Life insurance is an important part of any portfolio. Are you really so naive? Educate yourself a little before you run your mouth and look like a fool.
This is how he thinks rich people invest? No wonder he got kicked out of Primerica, failed in the trash value industry, then failed in his own business. At least being unemployed has given him a lot of time to make up multiple aliases & spam other users comments all day & all evening.
She’d have to surrender the trash value policy in order to get her $22,000 from it (permanent insurance?) Wow, a NEGATIVE 46% return that’s tax free and bypasses probate. The trash value troll would prefer that you don’t go by the actual policies or actual results. When your actual return is NEGATIVE 46% you’re supposed to ignore that & believe that it’s really 5%. Given his emotional instability, dishonesty, & incompetence why would anyone believe anything he has to say?
Our trash value troll defended the following as a good policy & wise investment: Trash value insurance with $225,000 face value at $245/month (it’ll never be a paid up policy, she’ll pay this as long as she owns it, assuming it isn‘t cancelled.) In 19 years it’s built up a cash value of $22,000. Wow! A 30 year term for $250,000 would have cost her about $65/month leaving her with $180/month. In 19 years @ 0% interest she’d have $41,040. The trash value policy gave her a return of NEGATIVE 46%.
Rich people protect their assets using LLC’s & other strategies. This multiple alias using trash value failure wouldn’t know a rich person if he fell on one.
Very nice video. I have written an article on life insurance as an asset class: life-insurance-broker.ca/life-insurance/permanent-life-insurance-is-an-asset-class/
If you were to die, your survivors would need money to pay funeral expenses, pay off debts & expenses (such as utilities), pay for the children’s education, etc.. They must also look at their future retirement needs. For the vast majority of families the only way you can meet these needs is to buy Term insurance & invest the difference into legitimate investments.
@a1prime1 This is a dumb post - may be the stupidest of all your dumb posts. See this is why poor people will remain poor as they take your advise. Rich people think like rich people and they buy Whole Life by the boat loads as they understand the guaranteed and ROR that both the cash value and the death benefit provides families. MORON
@Termisexpensive Troll, you state that people should think like the rich in regards to their finances. Since you seem to believe you know how the rich operate, you should have no challenge answering the following; One of the many complaints coming from the occupy Wall Street protesters was that the rich don’t pay taxes. Why do the rich appear to pay no taxes?
@Termisexpensive I’m asking it on 8 other sites & you keep spamming the question. Why is that troll? Why are you playing these games? Why do you throw in your own comment & spam that too? Is it so you can play victim? If you have time to do all this crap, troll, you have time to answer the question.
@Termisexpensive I’m asking it on 8 other sites & you keep spamming the question. Why is that troll? Why are you playing these games? Why do you throw in your own comment & spam that too? Is it so you can play victim? If you have time to do all this crap, troll, you have time to answer the question.
Today, Nov. 17, is Child's Grief Awareness Week, and it is a great reminder of just why life insurance is so important. Anything can happen in life and you have to secure your family, and your child's, future. This will require some work and investigation on your part. Talk and learn with different companies and agents. I know I found one, which I do not hesitate to tell everyone about. Take a look at Globe Life and Accident Insurance. They have a terrific Facebook page.
As a former Primerican and can tell you it's fact - they have the MOST expensive term life in the industry and they charge the HIGHEST allowable commission on their high fee mutual funds. Plus they use UNISEX rates which in their case results in NO premium relief for males and absolutely crushes the female rate. And their 30 year is ONLY guaranteed 20 years with a waiver that costs 15% of base premium, while ind. ave. is 3%. Criminal
Food for thought - invest $5k per year for 10 years in your 401k, earn 6% each year (that's triple the S&P ave over the last 10 years but lets say you can do it), assume a 30% tax bracket - guess how much money you have after investing $50k, paying the tax upon withdrawal and assuming all the investment risk? $48,300!!!! Now that's a kick in the butt!!!! Don't believe me, do the math yourself!!! I did and was blown away.
Wow, what great advice. Call a sleazy insurance agent to sell you some “permanent” insurance rip-off and ignore anyone who advises otherwise. Who has the least understanding of all types of “permanent” insurance? The clients who get sold that crap. If they understood it, they would never buy it in a million years.
My favorite part about IULs and GIULs is the industry's nearly complete lack of understanding about how they function. Ignore EVERY one of the people below and call the insurance company directly after speaking to your agent. They'll explain positive AND negative aspects. As for PFS, have fun with a 5.0% front end load on avg, 2% yearly management fees, and usually a back end load. To avoid being bent over by an ill-trained agent, look up all "recommendations" on MorningStar first.
Buy Term and LOSE the Difference! Whole Life = no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
@aIprime1 Second chance troll. You’ve been spamming this question on other postings. You state that people should think like the rich in regards to their finances. Since you seem to believe you know how the rich operate, you should have no challenge answering the following; One of the many complaints coming from the occupy Wall Street protesters was that the rich don’t pay taxes. Why do the rich appear to pay no taxes?
Buy Term and LOSE the Difference! Whole Life = no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
Buy Term and LOSE the Difference! Whole Life = no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
Look at these two morons "You make 4%-5% returns" You assholes, what about your interests you charge the client every year on their money? Who the hell will invest in your trash value life insurance and get it back as a loan on interest?? (generally charging 6%-12%) Dont even start with me on your surrender charge BS and you suckers keep the clients cash value/savings upon the death of the insured and only pay the death benefit. Bloodsuckers!!LIARS!! LETS GO PFS! PFS! PFS!
@cinematic86 5% tax free with NO MARKET risk sounds like a great deal to me, plus funding self complete in event of disability, the assets are protected against lawsuit and creditors in 43 states, the money is accessed tax free and the loan rates on these policies are zero net cost - your 6 to 12% quote is a fabrication and a complete lie - it's stated clearly in all policies so stop it. This video is great, all my clients see it.
@cinematic86 Notice the level of integrity displayed by trash value insurance agents. This clown uses a lower case “L” in his user name instead of a 1 (one) so he can impersonate me. Why? Because these trash value insurance agents use the same level of integrity on YT that they do with the public. This is why they have so many complaints and lawsuits launched against them. He can’t defend trash value policies or the practices of trash value agents, so he resorts to this.
@cinematic86 Check out my profile and note that it shows that I joined YT on February 17th, 2011. Now check out the profile of the trash value agent who‘s imitating me (until he figures out that he goofed up again and decides to hide it.) It shows that he joined on August 31st 2011. I‘ve had this profile over 8 months before him. Another example of the level of honesty and integrity in the pathetic trash value industry.
If they pay more than the minimum in their Universal Life policy, money accumulates in the side fund until the cost of the insurance exceeds the premium. The difference is then drawn from the side fund until there’s nothing left and the policy implodes.
Universal life: Where the insurance portion is a yearly renewable Term or a level Term usually renewing in less than 10 years. All the fees, charges, taxes, etc. are on the insurance portion, so if a client pays the minimum, they have the worlds most expensive Term policy - and their premium will rise over time. Yes - rising premiums in a “permanent” insurance policy.
Whole Life where: they keep your saving for the first 2-5 years or longer. Where, when money does accumulate it’s at 1-4% at best (negative savings when you factor in the 2-5+ years they keep your money.) Where, if you want to access your own money, you have to take out a policy loan at 6-8% interest. Where if you die, they keep your “savings” and deduct any outstanding loans from the death benefit. Source - the actual policies themselves.
all life insurance is term. WL policies are just term policies bundled with other products. so how in the world can they be "cheaper" ? Are you refering to the Premiums or the overall cost of insurance ?
No - Whole LIfe is the best and cheapest life insurance there is!!! It's a pure and simple fact - just ask an actuary. WL held to your "life" based on mortality tables is the cheapest form of insurance you can possilby own. Term in fact is the MOST expensive, once you get past the "20 yr guarantee" the rates sky rocket to the point that 98% of people lapse prior to a claim. If there is no claim then there is nothing but loss and therefore cost, high cost.
Whole life is the best form of life insurance you can own. If it wasn't why would the IRS limit the amt. of $ you can pump into it? It grows tax deferred, tax free DB, Tax free withdrawal up to your basis and then tax free loans at zero net rate!!! Plus if you become disabled the insurance company pays for you!!! You earn from 4-5% and once money is in your policy it can NEVER go down in value. 4-5% tax free sure sounds good!!!
As a former Primerican I can tell you all that the company is a complete farce. They sell overpriced term and expensive mutual funds which have poor track records. We were trained to tell client to buy term and invest the diff and showed them 12% returns which Finra allows but we all know is BS, no one get a 12% linear return, the ave investor has earned less than 4% in the market since the '20's as they get in and out at the wrong time. Run from Primerica. It's a scam.
@insurancemike10: Actually dumbass you're the one who created all of the fake logins!! You've been caught more than once saying the same thing under different usernames such as FraudAssRVP57, StupidLieguy and now jgillie85. Hint: It's on your channel dumbass!!! Exposed
@jgilles85 What are you speaking of? I'm the original and I have no idea who the others are. You see I've been on here since 2008, way before your pathetic ass came on and attempted to copy me. You need to go back on your meds.
@Jgillie85: Actually asshole this fake account of yours was created on December 2, 2010. You also posted that you're a former Primerica agent under your insurancemike10 name on the Dave Ramsey page and I reposted it just in case you removed it!! As for 2008 why don't you tell us when in 2008 you joined then?
@Jgillie85: Wow real good you fucking idiot, that's the entire year!! Why do I ask? To prove you're a liar, because your account wasn't created in 2008!! It was created DECEMBER 2, 2010!!!! If that were not true you could tell me the creation date, but you can't!! You fake asshole!!!!!
@Jgillie85: The only real thing you are is a real pussy!!! It's like I said you little bitch you can't even tell me when in 2008 your account was created, because THAT'S NOT WHEN IT WAS CREATED!!!!
@Jgillie85: How can I look it up if your channel is unavailable? Besides you idiot you just admitted that you're IllegalMichelle!! IllegalMichelle joined April 3rd 2009!! Ha you are a fake!!! If I'm wrong then why don't you exposed your channel and prove the creation date is April 3rd 2008 (yeah right). I say it's December 2nd 2010. Let's see then. Or are you just too pussy???
That's because permanent life insurance, especially whole life, is perhaps on the best and safest places to save money long term!!! It grows tax deferred, it's accessible tax free, there's no early withdrawal/age 59.5 rules, no limits on income as to how much you can save, self completes in event of disability, creditor and lawsuit proof, attractive 5-6% ROI tax free, tax free death benefit in case of premature death. There's nothing that can compare!!!
@Jgillie85: You're right there's nothing that can compare, because no real savings plan SUCKS THAT MUCH!!!! Ok now for the truth: WL never exceeds 5%. It is tax free, because a loss can not be taxed. If there was a gain it would be taxed. And the CV eats up your DB. Owned again you fake asshole!!!!!
@Jgillie85 I agree 100% with you. Now that I've left Primerica and see the thousands upon thousands of people examples of how WL saved families and businesses it's simply amazing.
@Jgillie85: You agree with yourself? What's the matter dumbass you meant to agree with yourself under a different ID and accidently signed into the same one?
@IllegalMichlle: This snot nosed kid would own your bitch ass anyday of the week. Please look down upon me because of my age, because it won't be the first time a CV agent older than me has had his ass handed to him! Besides you are lying about the DB dip shit! It has nothing to do with my RVP, it's just that unlike you I know how to read a policy!!!!
Although, Whole Life is a great investment if your if you're the sales person selling it. BTW, not all of the premium goes into the cash value account. And when you die, do you get the cash value in addition to the benefit? You would if you buy term and invested the difference. Now you can check for option b and get both, but your premiums will be even higher than what whole life already is.
WOW! This video is from earlier part of 2008. All of those that listened to this terrible advice would have lost on the 2009 and 2010 gains. In 2008 I welcomed the market slide and increased my investments into equities. Why? Because I knew the market would rebound. How? Gee, maybe because that is what it has done since 1924. Folks, how many up, then down, then up, then down, then up years will it take for people realize the trend. Whole life? What a joke!
@tuhyc You might want to search "401K on 60 minutes" and see why you are in the vast minority. In fact ALL my Whole Life cash values went up in 2008 - not bad and in fact my Guaranteed CV's went up on average in 2008 20% compared to the premiums I made that year - yes not bad at all. You might want to do some research and if you are telling clients to get 100% into equities I hope you carry lots of E&O insurance.
@IllegalMichelle: Holy shit you're stupid!!! You don't have every dollar of premium go into the CV!!! I've never ever seen a WL policy where the CV is anywhere near premiums paid! Ever!!! And even so your family loses it when you die anyway!!! My God you're illegal and stupid!!!!!!
@jgilles85 You've never seen it because you've never seen a WL policy - The Guaranteed CV is mandated as part of the policy to pass state regs to qualify for WL.
@jgilles85 So dickless - you are saying you've seen a whole life policy and you didn't see the table of guaranteed cash values? Thanks for proving what a liar you really are!!! Once again the brainwashed Primerican's show their lack of vision!!! Thank God I left them when I did!!!!
@Jgillie85: Dickless? Now coming from you that's funny because you are just a plain dickless pussy!!! Dumbass I never said there's no guaranteed CV in WL. I said your beneficiaries don't get both the CV and DB, they only get the greater of the two. No wonder you sell shit insurance, because you're too fricking stupid to read. Maybe if you knew how to read the policies you would know how to read my posts!! Dumbass!!!!!
@jgilles85 Are you really as dumb as your text reads? In WL the DB increased each and every year but the amount of Paid Up Additions - this will just about equal or exceed the CV so IN FACT the bene's get it both. Your RVP did a good job of lying to you!!! But you were born in 1985 so what can we expect from a snot nosed kid who works his real job in a drive thru window!!! LOL
they do not get the cash value... your Beneficiary will only receive the death benefit... the cash value is only when you surrender the policy... if you wait until retirement like smart people you will receive a monthly income in the amount specified by the policy... mines will get provide 80k tax free at retirement forever and when I die no matter when even after 100 my family will receive a death benefit of 600k
@StupidLieguy: You are a fucking idiot who assumes everything!! Who the hell said the policy had dividends? Dumbass!! Besides we saved them from losing their 70k in CV that you crooks would have stolen!!! You are the crook!! Asswipe!!!!
@jgilles85 You once again proved that you are lying. If the policy had a premium of $250k and you replaced it after the policy was in force 10 years there would have been at LEAST $2.5 million of CV, and AT LEAST $2 million of GUARANTEED CV. Busted!!! Just open a policy and read the table of guaranteed values that you seem to always skip over!!!!
@StupidLieguy: Oh and we were able to save his CV from being stolen by the ins. company if he died and roll it into an annuity! So we helped him some more. Dumbass!!!
@StupidLieguy: Asshole you are more stupid than anyone, cause you're too fucking stupid to read or think! Who said that Tom Hopkins got the 2 policies at the same age? Uh... Exactly!!! He got the term decades after he already had the WL when he was much older! God you're stupid, and you think I'm the moron? Dumbass!!!
@jgilles85 So you moron friend gave up a cash rich WL policy to pay a premium about 35% less for a product that has no cash and will lapse prior to death? The agent who did that should be behind bars. And if the WL policy was that old the Divs would have paid the premiums. Man are you a crook!!
@IllegalMichelle: Hey stupid asshole maybe you should go back and read what I posted. I didn't say Tom Hopkins makes $288k a year. I said his WL policy costed $288k a year a we gave him the same amount for $155k a year. You see we do issue FV that high showing you don't know shit!!! What's garbage is an insurance policy like WL where you pay extra money for a CV that your family doesn't get when you die. Also we do renew for face amounts over $1Million so stop lying!!!
@jgilles85 Wow - thanks for proving how bad your term product really is. If the WL premium was $288 I'd expect the term to be far less than $155 - so you are stating your term costs more than half the WL premium. You are so full of crap and you just proved it. Moron
@IllegalMichelle: Oh and also I guess you've never heard of Tom Hopkins. Real Estate Sales Expert who had WL ins. that costed 288k a year and got the same DB with us for $155k a year. I guess that proves how much we issue! Idiot!!!
@IllegalMichelle: Now you are really showing your stupidity! If we won't issue a face amount that high, then tell me; what is the highest face amount Primerica issues? Also it wouldn't be the first time it happened in the upper class! I told you dumbass my upline did it for a WL policy that was 230k a year in premium. More than your 150k! Also if you can get the appointment then I guess there is no intelligence required to do so!! Considering you're the stupidest agent on YT!!!!
@jgilles85 You are really that dumb!!! There is not an carrier in the US that would issue a $250k premium to someone who only makes $288K - stop the lies as for Primerica - I can tell you this - they won't renew ANY face amts above $1 million and they ONLY guarantee their 30 year for 20 years - what garbage!!!
that is a ridiculous arguement... term insurance is level and those interested in retirement will not be interested in term because they would then invest in stock, bonds , mutual funds.... and then there is no guarantee..
the Indexed UL is guarantee of tax free retirement.... term will expire assuming you saved money and your investments worked
@jgilles85 I’m asking it on 8 other sites & you keep spamming the question. Why is that troll? Why are you playing these games? Why do you throw in your own comment & spam that too? Is it so you can play victim? If you have time to do all this crap, troll, you have time to answer the question.
@IllegalMichelle: Do you post the same lies on every page? That guy won't be your client for more than 2 weeks! Don't worry a Primerica agent will find him and replace the policy!!!
@jgilles85 See that would be virtually impossible. One you won't issue a face amt that high and 2 investment bankers know how money works so they won't buy term, they know it will be worthless to them. Plus you won't have the intelligence to get the appointment.
Wow the Primericans are showing their true colors once again!!! Someone give sound advice about seeking multiple quotes from multiple carriers and they go balistic!!! Hey boys, closed a $150k premium of Whole Life to a investment banker on Wall Street on Friday - that's more premium you will do in 5 years!!! PS - if a investment banker thinks WL is good for him and his family why wouldn't others? See this is the area I play in!!!
First of all. VUL overtime, works. Most carriers have at least a 10 year no lapse rider. Secondly, the whole reason why 2 major carriers are getting rid of whole life is because they were oversold and the guarantees are now in jeopardy. Mark my words, 2 carriers will dump whole life this year. Why do you think Hanncock increased rates in their LTC policies by 40%? because sales were way up.
@Talent2008: All Cv ins. isn't good for the consumer only the company. Also jgillie85 is an idiot pretending to be, so his opinion (much like himself) is worthless!!!
Just to be clear. The majority of hedge fund managers, successful business owners, athletes, and higher income earners usually invest in life insurance. BUT they NEVER invest in UL or Whole Life. The smart ones invest in Variable universal life. Whole life is on it's way out. I know VP's at 2 major insurance companies who are going to get rid of whole life this year. If done correctly, investing in a VUL can be one of your best investments.
@jgilles85 or would you risk your DB in term insurance which only results in claims 2% of the time while permanent plans, if held, pay 100% of the time - you are an idiot.
@Jgillie85: You're a fucking idiot you stupid fake asshole!!! Term isn't risked inside of any investment douche bag!!! It's like any insurance policy. It pays out when needed as long as it's in force!! Do all car or home insurance policies pay out? I don't hear you complaining about that you fucking idiot!!!
@jgilles85 You really are that dumb - see I can own auto and home insurance for as long as I live but with term I'm limited to when I can own it and it lapses 98% of the time prior to any death benefit being paid so the only one who makes money is the agent and the insurance company. You really are dumb. And stop pretending to be me asswipe.
@Jgillie85: Fuck you, you're an asswipe! Listen dick eater you can't own auto as long as you live if you get too old to drive, because you can't see anymore! Dude you're an idiot who doesn't know shit! Besides I wouldn't pretend to be a stupid asshole, so don't worry I'm not pretending to be you!!!
@Talent2008 You are an idiot - WL sales are WAY up - just look it up in LIMRA - VUL sales are way down because the majority of them were never properly funded and blew up. You are a moron
@bangitslo: Are you really that stupid? I guess you've never heard of Warren Buffet or Sandy Weill! Keep posting on YT, because it's not like anyone comes here for financial advice anyway!! LMAO
bangitslo: An example of a desperate insurance salesman who is trying to advertise his business on YT. Anyone who takes your advice will be broke. Do you understand that all types of UL policies are designed to implode from within? Do you understand that the richest people in the world have made billions off of the market? What the hell do you think insurance companies invest in? Well then again you are a life insurance salesman so I wouldn't expect you to understand much about finance!!!
The ONLY time a person should be invested in the StockMarket is if they have money to LOSE. Insurance is the way the average everday joe can earn a great return on his money without risk. CD's - HAHAHA. And who the hell puts money in a savings account anymore? Place it in an FIA (Fixed Indexed Annuity), ROP (Return of Premium) or EIUL. You'll come out a lot safer. IRA's and 401K's ARE GARBAGE. Bonds are the only other option IF you have money. If not, average joe's stick your money in insurance.
EIUL - Equity Indexed Universal Life Insurance beats the Market - EVERY SINGLE TIME. There is no better investment in Life Insurance. 90% of people invested in the Stock Market LOSE MONEY on a sustained basis!
@jgilles85 Tell you what. You show me your stock portfolio and I'll show you my EIUL performance YTD ( I have a 1 million dollar 20 year policy for 4 years now.) I GUARANTEE YOU in the next 16 years I'll be sitting on 3 times the money you'll have. I also have a 1 million dollar return of premium policy which is in the 4th year. I'll get a return of more than $95,000 in returned premiums while having 1 million in life insurance protection. Beat that. Show me your portfolio with your loser 401K.
You should watch this video and note that it was done in March of 2007, prior to the debacle of the markets HMMMMMM maybe having some guarantees would work!!!!
@SuperLifeguy Absolutely. Even the banks use life insurance to backup their investments. A ton of people don't know this. The real money is in life insurance.
@IllegalMichelle: Yes I agree. So the media can show the world what a shiity product permanent life insurance is and show everyone what kind of assholes sell it!!!! Like YOU!!!!!!!
@jgilles85 Life insurance shitty? I don't think so buddy. I buy policies all the time in the trade market. Big, Big Money. I deal with banks and other funds that buy policies all the time. Now individual investors are doing the same thing. Big returns and protection at the same time. Can't beat it when you want to dump it. I hold onto my policies - My retirement is secure. If I go before my retirement, my family makes out EXTREMELY well! A win-win situation. DUMP THAT 401K NOW!!!
@bangitslo: LOL and you're assuming a 401k is what I have! Come on you have to be a little smarter than that right? Most insurance agents don't actually buy that garbage, they just sell it for higher commissions! Or maybe you bought it, because you're clueless. Which one are you? Liar or Clueless?
@StupidLieguy: Actually you're a chickenshit lying bastard, because Primerica never told you that!! Also I've been here for 7 months and the fake (which is you) came in December! You have no dick, no brain, and no balls!!!
I have this new product - $ grows tax deferred, $ can be accessed with NO fee tax free, Interest ranges from 4.5% - 8%+ depending on allocations, guarantees of NO $ loss, no restriction on contribution amts (like the roth), no penalty for withdrawals prior to age 59.5, If you become disabled the contributions are made for you by the company you are with and you STILL maintain complete access to $ and beneficiaries get $ tax free and NO probate - It's called permanent life insurance!!!!
@jgilles85 Actually that's not true - Primerica gave me the "Best Class" illustration and when I reviewed my points you and Bonds confirmed they were true - or is this the fake you? The other has been online for over 2 years, you just came on the scene so you are a fake.
@bonds519: You were never in Primerica dickhead!! You are just StupidLieguy and Michelle with a different name!! The real bond is still in Primerica you moron!!!!!
@tablerockbasscat: So while we are arguing you just completely screwed 2 people to earn high commissions! And then you laugh about screwing them. Congragulations Crook!!!
@StupidLieguy: Who are you calling toolboy you puss bag!!! Facts? Where did that information come from? You don't give any facts, instead you just pull things out of your ass and completely misrepresent all comparisons!! If that's true dick head, then explain to me why the avg. age of a life insurance agent is up to 56 I believe? You're a dying breed you cry baby!!!!!
@jgilles85 All the facts were taken directly from the illustrations provided to me and the public from Primerica - They clearly state the 30yr product is NOT guaranteed beyond 20yrs - the 14% charge is right there, all you have to do is view the annual premium and the monthly and do the math. The fact the won't renew the term for face amts of $1 miilon or more is right in the policy!!! You may want to review what you sell!!!
@StupidLieguy: There you go again chickenshit! Would you explain what is wrong with any of the products you sell? Uh....no! Oh and yes we are a great company asswipe! Ask all of the people that left other companies for us. You're a dying breed!!!
@jgilles85 You have the biggest turnover in the industry - your agent 4 year retention is about 6% which is about 4x less than the industry. Your one year lapse rate is 12% which is the %age of clients leaving you after one year, that's 4X industry average. Get your facts straight toolboy.
@jgilles85 After being with Primerica and now with Guardian and can tell you for sure that Primerica trains their agents in half truths and misrepresentations. Practically everything they taught me regarding whole life is wrong or a twist of the truth. And Primerica's term really is very expensive and a bad choice for any client.
@jgilles85 They have to be better than the products Primerica offers - remember 1. expensive rates 2. The 30 yr is ONLY guar. 20 yrs 3. No renewals allowed for faces amts of $1 million or more 4. Limited Terminal Illness benefit of ONLY 45% of face or $250k whichever is lower 5. Use of unisex rates 6. 14% fee of base premium to pay monthly. Great company you have there!!! LOL
@jgilles85 You are really that dumb? You are stating it's not good for someone to review 3-4 companies? Why would that be? You prove how dumb you really are with each and every post.
@StupidLieguy: I have no credibility? I use a fake ID? You are proving how stupid you really are once again Michelle! A horse's ass has more credibility than some crooked life insurance agent that misrepresents life insurance and creates fake IDs. Oh wait that is you, because you are a horse's ass! Want a fact, here's one! Primerica is putting agents like you out of business every day!!!
@jgillie85: You are a fucking moron as usual! I never said the information was illegal dickhead, I said it was uncredible and the 2 people on the video I'm referring to that gave their opinion have no credibility! Are you stupid or what?!
@jgilles85 Like you have any credibility!!! You use a fake ID, you state you are a Primerican which automatically discredits you and you curse and lie. Look you've been laughed at more than Pee Wee Herman in a video booth. You need to go away. You've yet to defend or offer a single fact or point of reference - wait - I can almost guess your response - "you are this and you are that, so there I proved I'm right" spoken like a true 4th grader!!!
@jgillie85: I know they're people on this video dumbass, so I'll explain it in a way that a retard like you can understand it! CNBC doesn't have or not have credibility; it's a channel! The people speaking are the ones that credibility should be based upon! The two people on the video (which I saw dumbass) are 2 crooked life insurance executives that have no credibility what so ever! Do you get it now asshole?
@jgilles85 No you are wrong - there's 4 people on the video and all are very credible and very educated. CNBC would not put illegal advise on the air. Google the people and see for yourself. PS - stop posting as me!!!
@IllegalMichelle the only thing that you can answer is why are you such a dumb dickless bastard? Also you idiot CNBC is a channel! It's the people who appear on CNBC that hold the credibility and the 2 executives of a life insurance company have none!!!
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It's my imposter once again spouting false information about permanent life insurance. CNBC clearly believes it's a good thing as evidenced by this video? Himm trust them or this primerica fool?
aIprime1 2 days ago
If they pay more than the minimum in their Universal Life policy, money accumulates in the side fund until the cost of the insurance exceeds the premium. The difference is then drawn from the side fund until there’s nothing left and the policy implodes. True - people need to be educated about how this crap works.
a1prime1 2 months ago
@a1prime1 Once again you state half facts - yes the cost of insurance goes up but it's so low in the beginning there will be way more than enough cash to cover the COI's - Isn't that the EXACT idea behind your lame Buy Term and Invest the Difference? Yes it is but this is better as they keep the coverage and grow the money TAX FREE!!!! You are such a moron!!!
aIprime1 3 weeks ago
@aIprime1 Interesting use of the phrase “half facts”. This coming from a clown that has to resort to ripping off other users id’s & using multiple aliases to spam their comments. I’ve looked through boxes & boxes of these “permanent” insurance policies & have yet to see any that work the way the crooks who sell them say they would. What we get are couples who’ve paid into their wonderful UL policies for 15 years & then finding they have less than $500 accumulated. But it’s tax free.
a1prime1 1 week ago
@a1prime1 It's my imposter once again spouting false information about permanent life insurance. CNBC clearly believes it's a good thing as evidenced by this video? Himm trust them or this primerica fool?
aIprime1 2 days ago
Then there’s universal life: Where the insurance portion is a yearly renewable Term or a level Term usually renewing in less than 10 years. All the fees, charges, taxes, etc. are on the insurance portion, so if a client pays the minimum, they have the worlds most expensive Term policy - and their premium will rise over time. Yes - rising premiums in a “permanent” insurance policy.
a1prime1 2 months ago
Whole Life where: they keep your saving for the first 2-5 years or longer. Where, when money does accumulate it’s at 1-4% at best (negative savings when you factor in the 2-5+ years they keep your money.) Where, if you want to access your own money, you have to take out a policy loan at 6-8% interest. Where if you die, they keep your “savings” and deduct any outstanding loans from the death benefit. Source - the actual policies themselves.
a1prime1 2 months ago
LOL!!! Noticed how they put the life insurance agents in the spot "if it wasnt for the economy going that bad you wouldnt make it appear in cnbc" you guys prey in the economy going bad to sell your crappy products
acumedcorp 3 months ago 14
@acumedcorp as opposed to what? Managed funds that the brokers make more off of the investment then their clients. That's a crappy product. Typical broker mentality. Life insurance is an important part of any portfolio. Are you really so naive? Educate yourself a little before you run your mouth and look like a fool.
Educateyourselfabit 2 months ago
This is how he thinks rich people invest? No wonder he got kicked out of Primerica, failed in the trash value industry, then failed in his own business. At least being unemployed has given him a lot of time to make up multiple aliases & spam other users comments all day & all evening.
a1prime1 3 months ago
She’d have to surrender the trash value policy in order to get her $22,000 from it (permanent insurance?) Wow, a NEGATIVE 46% return that’s tax free and bypasses probate. The trash value troll would prefer that you don’t go by the actual policies or actual results. When your actual return is NEGATIVE 46% you’re supposed to ignore that & believe that it’s really 5%. Given his emotional instability, dishonesty, & incompetence why would anyone believe anything he has to say?
a1prime1 3 months ago
Our trash value troll defended the following as a good policy & wise investment: Trash value insurance with $225,000 face value at $245/month (it’ll never be a paid up policy, she’ll pay this as long as she owns it, assuming it isn‘t cancelled.) In 19 years it’s built up a cash value of $22,000. Wow! A 30 year term for $250,000 would have cost her about $65/month leaving her with $180/month. In 19 years @ 0% interest she’d have $41,040. The trash value policy gave her a return of NEGATIVE 46%.
a1prime1 3 months ago
Rich people protect their assets using LLC’s & other strategies. This multiple alias using trash value failure wouldn’t know a rich person if he fell on one.
a1prime1 3 months ago
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Very nice video. I have written an article on life insurance as an asset class: life-insurance-broker.ca/life-insurance/permanent-life-insurance-is-an-asset-class/
Cheers.
Life Guard Insurance
InsuranceCalgary 3 months ago
If you were to die, your survivors would need money to pay funeral expenses, pay off debts & expenses (such as utilities), pay for the children’s education, etc.. They must also look at their future retirement needs. For the vast majority of families the only way you can meet these needs is to buy Term insurance & invest the difference into legitimate investments.
a1prime1 3 months ago
@a1prime1 This is a dumb post - may be the stupidest of all your dumb posts. See this is why poor people will remain poor as they take your advise. Rich people think like rich people and they buy Whole Life by the boat loads as they understand the guaranteed and ROR that both the cash value and the death benefit provides families. MORON
Termisexpensive 3 months ago
@Termisexpensive Troll, you state that people should think like the rich in regards to their finances. Since you seem to believe you know how the rich operate, you should have no challenge answering the following; One of the many complaints coming from the occupy Wall Street protesters was that the rich don’t pay taxes. Why do the rich appear to pay no taxes?
a1prime1 3 months ago
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@Termisexpensive I’m asking it on 8 other sites & you keep spamming the question. Why is that troll? Why are you playing these games? Why do you throw in your own comment & spam that too? Is it so you can play victim? If you have time to do all this crap, troll, you have time to answer the question.
a1prime1 3 months ago
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@Termisexpensive I’m asking it on 8 other sites & you keep spamming the question. Why is that troll? Why are you playing these games? Why do you throw in your own comment & spam that too? Is it so you can play victim? If you have time to do all this crap, troll, you have time to answer the question.
a1prime1 3 months ago
Today, Nov. 17, is Child's Grief Awareness Week, and it is a great reminder of just why life insurance is so important. Anything can happen in life and you have to secure your family, and your child's, future. This will require some work and investigation on your part. Talk and learn with different companies and agents. I know I found one, which I do not hesitate to tell everyone about. Take a look at Globe Life and Accident Insurance. They have a terrific Facebook page.
filmpunkster 3 months ago
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As a former Primerican and can tell you it's fact - they have the MOST expensive term life in the industry and they charge the HIGHEST allowable commission on their high fee mutual funds. Plus they use UNISEX rates which in their case results in NO premium relief for males and absolutely crushes the female rate. And their 30 year is ONLY guaranteed 20 years with a waiver that costs 15% of base premium, while ind. ave. is 3%. Criminal
aIprime1 4 months ago
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Food for thought - invest $5k per year for 10 years in your 401k, earn 6% each year (that's triple the S&P ave over the last 10 years but lets say you can do it), assume a 30% tax bracket - guess how much money you have after investing $50k, paying the tax upon withdrawal and assuming all the investment risk? $48,300!!!! Now that's a kick in the butt!!!! Don't believe me, do the math yourself!!! I did and was blown away.
Termisexpensive 4 months ago
Wow, what great advice. Call a sleazy insurance agent to sell you some “permanent” insurance rip-off and ignore anyone who advises otherwise. Who has the least understanding of all types of “permanent” insurance? The clients who get sold that crap. If they understood it, they would never buy it in a million years.
a1prime1 4 months ago 8
My favorite part about IULs and GIULs is the industry's nearly complete lack of understanding about how they function. Ignore EVERY one of the people below and call the insurance company directly after speaking to your agent. They'll explain positive AND negative aspects. As for PFS, have fun with a 5.0% front end load on avg, 2% yearly management fees, and usually a back end load. To avoid being bent over by an ill-trained agent, look up all "recommendations" on MorningStar first.
praetor031 4 months ago
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Buy Term and LOSE the Difference! Whole Life = no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
aIprime1 5 months ago
@aIprime1 Second chance troll. You’ve been spamming this question on other postings. You state that people should think like the rich in regards to their finances. Since you seem to believe you know how the rich operate, you should have no challenge answering the following; One of the many complaints coming from the occupy Wall Street protesters was that the rich don’t pay taxes. Why do the rich appear to pay no taxes?
a1prime1 3 months ago
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Buy Term and LOSE the Difference! Whole Life = no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
aIprime1 5 months ago
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Buy Term and LOSE the Difference! Whole Life = no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
aIprime1 5 months ago
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no market risk? 5% return? tax deferred build up? tax free withdrawal? Zero net cost loans? Self completes if you become disabled? Lawsuit and creditor protected in 43 states? tax free death benefit? No 591/2 rule on distributions? No RMDs? No contribution limits? And people say this is a bad product? Really? The truth be told it very well may be the best financial product you can own!!!
aIprime1 5 months ago
Look at these two morons "You make 4%-5% returns" You assholes, what about your interests you charge the client every year on their money? Who the hell will invest in your trash value life insurance and get it back as a loan on interest?? (generally charging 6%-12%) Dont even start with me on your surrender charge BS and you suckers keep the clients cash value/savings upon the death of the insured and only pay the death benefit. Bloodsuckers!!LIARS!! LETS GO PFS! PFS! PFS!
cinematic86 5 months ago
@cinematic86 5% tax free with NO MARKET risk sounds like a great deal to me, plus funding self complete in event of disability, the assets are protected against lawsuit and creditors in 43 states, the money is accessed tax free and the loan rates on these policies are zero net cost - your 6 to 12% quote is a fabrication and a complete lie - it's stated clearly in all policies so stop it. This video is great, all my clients see it.
aIprime1 5 months ago
@cinematic86 Notice the level of integrity displayed by trash value insurance agents. This clown uses a lower case “L” in his user name instead of a 1 (one) so he can impersonate me. Why? Because these trash value insurance agents use the same level of integrity on YT that they do with the public. This is why they have so many complaints and lawsuits launched against them. He can’t defend trash value policies or the practices of trash value agents, so he resorts to this.
a1prime1 5 months ago
@cinematic86 Check out my profile and note that it shows that I joined YT on February 17th, 2011. Now check out the profile of the trash value agent who‘s imitating me (until he figures out that he goofed up again and decides to hide it.) It shows that he joined on August 31st 2011. I‘ve had this profile over 8 months before him. Another example of the level of honesty and integrity in the pathetic trash value industry.
a1prime1 5 months ago
Cash value life insurance isn’t a great investment, it’s a rip-off. The agent wins, the client loses.
a1prime1 5 months ago
If they pay more than the minimum in their Universal Life policy, money accumulates in the side fund until the cost of the insurance exceeds the premium. The difference is then drawn from the side fund until there’s nothing left and the policy implodes.
a1prime1 5 months ago
Universal life: Where the insurance portion is a yearly renewable Term or a level Term usually renewing in less than 10 years. All the fees, charges, taxes, etc. are on the insurance portion, so if a client pays the minimum, they have the worlds most expensive Term policy - and their premium will rise over time. Yes - rising premiums in a “permanent” insurance policy.
a1prime1 5 months ago
Whole Life where: they keep your saving for the first 2-5 years or longer. Where, when money does accumulate it’s at 1-4% at best (negative savings when you factor in the 2-5+ years they keep your money.) Where, if you want to access your own money, you have to take out a policy loan at 6-8% interest. Where if you die, they keep your “savings” and deduct any outstanding loans from the death benefit. Source - the actual policies themselves.
a1prime1 5 months ago
I totally agree with Life Insurance to be the best way to protect you and invest. Check with your agent, they have great plans !
funirishgirl 6 months ago
I agree. I can show you how insurance in your portfolio can increase your expected rate of return and decrease standard deviation.
thesoulofashark 6 months ago
yes he is talking about UIL he is just not being real specific.... he is not talking about Whole Life
zylamediagroup 7 months ago
yes he is talking about UIL he is just not being real specific....
zylamediagroup 7 months ago
Bassy21, r u referencing the video ? If so, he is NOT talking about Index UL, he is talking about WL, preferably with a Mutual Ins Company.
desmoluvr 7 months ago
He's not talking about old school Life Insurance. He is talking about Index Universal Life.
bassy21 7 months ago
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@bassy21 Yep. I agree.
m504337 6 months ago
Interesting way to look at it... You guys want info on not just life insurance but many other things that affect our country and the world?
Sign up NOW to receive the Chris Markowski Daily Podcast. Chris covers the top issues impacting our country and the World.
It's good for your business planning!
ChrisEclecticPR 9 months ago
all life insurance is term. WL policies are just term policies bundled with other products. so how in the world can they be "cheaper" ? Are you refering to the Premiums or the overall cost of insurance ?
cthun2970 9 months ago 16
Alll
cthun2970 9 months ago
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probslpwtyormama 9 months ago
No - Whole LIfe is the best and cheapest life insurance there is!!! It's a pure and simple fact - just ask an actuary. WL held to your "life" based on mortality tables is the cheapest form of insurance you can possilby own. Term in fact is the MOST expensive, once you get past the "20 yr guarantee" the rates sky rocket to the point that 98% of people lapse prior to a claim. If there is no claim then there is nothing but loss and therefore cost, high cost.
SuperLifeguy 11 months ago
@SuperLifeguy Amen brother, Amen!!!
Jgillie85 11 months ago
@SuperLifeguy that's why they provide you renewable term
animeflip 6 months ago
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Whole life is the best form of life insurance you can own. If it wasn't why would the IRS limit the amt. of $ you can pump into it? It grows tax deferred, tax free DB, Tax free withdrawal up to your basis and then tax free loans at zero net rate!!! Plus if you become disabled the insurance company pays for you!!! You earn from 4-5% and once money is in your policy it can NEVER go down in value. 4-5% tax free sure sounds good!!!
Jgillie85 11 months ago
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As a former Primerican I can tell you all that the company is a complete farce. They sell overpriced term and expensive mutual funds which have poor track records. We were trained to tell client to buy term and invest the diff and showed them 12% returns which Finra allows but we all know is BS, no one get a 12% linear return, the ave investor has earned less than 4% in the market since the '20's as they get in and out at the wrong time. Run from Primerica. It's a scam.
Jgillie85 11 months ago
This is such a great video, it clearly shows how great permanent life insurance can be for client!!!
Jgillie85 11 months ago
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@Jgillie85: Uh... no all it shows is that LI salesman will even lie on CNBC. Crook!!!
jgilles85 11 months ago
@insurancemike10: Actually dumbass you're the one who created all of the fake logins!! You've been caught more than once saying the same thing under different usernames such as FraudAssRVP57, StupidLieguy and now jgillie85. Hint: It's on your channel dumbass!!! Exposed
jgilles85 1 year ago
@jgilles85 What are you speaking of? I'm the original and I have no idea who the others are. You see I've been on here since 2008, way before your pathetic ass came on and attempted to copy me. You need to go back on your meds.
Jgillie85 11 months ago
@Jgillie85: Actually asshole this fake account of yours was created on December 2, 2010. You also posted that you're a former Primerica agent under your insurancemike10 name on the Dave Ramsey page and I reposted it just in case you removed it!! As for 2008 why don't you tell us when in 2008 you joined then?
jgilles85 11 months ago
@jgilles85 It was between Jan 1 and Dec 31 - why do you ask?
Jgillie85 11 months ago
@Jgillie85: Wow real good you fucking idiot, that's the entire year!! Why do I ask? To prove you're a liar, because your account wasn't created in 2008!! It was created DECEMBER 2, 2010!!!! If that were not true you could tell me the creation date, but you can't!! You fake asshole!!!!!
jgilles85 11 months ago
@jgilles85 I am the REAL McCoy you are a tool
Jgillie85 11 months ago
@Jgillie85: The only real thing you are is a real pussy!!! It's like I said you little bitch you can't even tell me when in 2008 your account was created, because THAT'S NOT WHEN IT WAS CREATED!!!!
jgilles85 11 months ago
@jgilles85 I was created on April 3rd 2008 - just look it up toolboy. Now stop copying my sign in. You are scaring me.
Jgillie85 11 months ago
@Jgillie85: How can I look it up if your channel is unavailable? Besides you idiot you just admitted that you're IllegalMichelle!! IllegalMichelle joined April 3rd 2009!! Ha you are a fake!!! If I'm wrong then why don't you exposed your channel and prove the creation date is April 3rd 2008 (yeah right). I say it's December 2nd 2010. Let's see then. Or are you just too pussy???
jgilles85 11 months ago
@Jgillie85: Well I guess we're gonna see who the real one is, because you've been reported for impersonation! So you better be scared asshole!!!
jgilles85 11 months ago
That's because permanent life insurance, especially whole life, is perhaps on the best and safest places to save money long term!!! It grows tax deferred, it's accessible tax free, there's no early withdrawal/age 59.5 rules, no limits on income as to how much you can save, self completes in event of disability, creditor and lawsuit proof, attractive 5-6% ROI tax free, tax free death benefit in case of premature death. There's nothing that can compare!!!
Jgillie85 1 year ago
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@Jgillie85: You're right there's nothing that can compare, because no real savings plan SUCKS THAT MUCH!!!! Ok now for the truth: WL never exceeds 5%. It is tax free, because a loss can not be taxed. If there was a gain it would be taxed. And the CV eats up your DB. Owned again you fake asshole!!!!!
jgilles85 1 year ago
@Jgillie85: Nothing can compare to being such a lie!!! No one can compare to you in being such a fake!!!!
jgilles85 1 year ago
@Jgillie85 I agree 100% with you. Now that I've left Primerica and see the thousands upon thousands of people examples of how WL saved families and businesses it's simply amazing.
Jgillie85 1 year ago
@Jgillie85: You agree with yourself? What's the matter dumbass you meant to agree with yourself under a different ID and accidently signed into the same one?
jgilles85 1 year ago
@jgilles85 you are the fake
insurancemike10 1 year ago
@IllegalMichlle: This snot nosed kid would own your bitch ass anyday of the week. Please look down upon me because of my age, because it won't be the first time a CV agent older than me has had his ass handed to him! Besides you are lying about the DB dip shit! It has nothing to do with my RVP, it's just that unlike you I know how to read a policy!!!!
jgilles85 1 year ago
This whole thread is pointless. Someone paying $396 for a million dollar policy is crazy. ROP policies are a joke.
gytr04 1 year ago
Although, Whole Life is a great investment if your if you're the sales person selling it. BTW, not all of the premium goes into the cash value account. And when you die, do you get the cash value in addition to the benefit? You would if you buy term and invested the difference. Now you can check for option b and get both, but your premiums will be even higher than what whole life already is.
tuhyc 1 year ago
Whole life is a great investment if your if you're the sales person selling it.
tuhyc 1 year ago
WOW! This video is from earlier part of 2008. All of those that listened to this terrible advice would have lost on the 2009 and 2010 gains. In 2008 I welcomed the market slide and increased my investments into equities. Why? Because I knew the market would rebound. How? Gee, maybe because that is what it has done since 1924. Folks, how many up, then down, then up, then down, then up years will it take for people realize the trend. Whole life? What a joke!
tuhyc 1 year ago
@tuhyc You might want to search "401K on 60 minutes" and see why you are in the vast minority. In fact ALL my Whole Life cash values went up in 2008 - not bad and in fact my Guaranteed CV's went up on average in 2008 20% compared to the premiums I made that year - yes not bad at all. You might want to do some research and if you are telling clients to get 100% into equities I hope you carry lots of E&O insurance.
insurancemike10 1 year ago
@insurancemike10: Again IllegalMichelle is lying as usual!!!
jgilles85 1 year ago
@IllegalMichelle: Holy shit you're stupid!!! You don't have every dollar of premium go into the CV!!! I've never ever seen a WL policy where the CV is anywhere near premiums paid! Ever!!! And even so your family loses it when you die anyway!!! My God you're illegal and stupid!!!!!!
jgilles85 1 year ago
@jgilles85 You've never seen it because you've never seen a WL policy - The Guaranteed CV is mandated as part of the policy to pass state regs to qualify for WL.
Jgillie85 1 year ago
@Jgillie85: Actually asshole I have seen it, and it says it in the policy so shut the fuck up!!!
jgilles85 1 year ago
@jgilles85 So dickless - you are saying you've seen a whole life policy and you didn't see the table of guaranteed cash values? Thanks for proving what a liar you really are!!! Once again the brainwashed Primerican's show their lack of vision!!! Thank God I left them when I did!!!!
Jgillie85 1 year ago
@Jgillie85: Dickless? Now coming from you that's funny because you are just a plain dickless pussy!!! Dumbass I never said there's no guaranteed CV in WL. I said your beneficiaries don't get both the CV and DB, they only get the greater of the two. No wonder you sell shit insurance, because you're too fricking stupid to read. Maybe if you knew how to read the policies you would know how to read my posts!! Dumbass!!!!!
jgilles85 1 year ago
@jgilles85 Are you really as dumb as your text reads? In WL the DB increased each and every year but the amount of Paid Up Additions - this will just about equal or exceed the CV so IN FACT the bene's get it both. Your RVP did a good job of lying to you!!! But you were born in 1985 so what can we expect from a snot nosed kid who works his real job in a drive thru window!!! LOL
insurancemike10 1 year ago
@jgilles85
they do not get the cash value... your Beneficiary will only receive the death benefit... the cash value is only when you surrender the policy... if you wait until retirement like smart people you will receive a monthly income in the amount specified by the policy... mines will get provide 80k tax free at retirement forever and when I die no matter when even after 100 my family will receive a death benefit of 600k
zylamediagroup 7 months ago
@StupidLieguy: You are a fucking idiot who assumes everything!! Who the hell said the policy had dividends? Dumbass!! Besides we saved them from losing their 70k in CV that you crooks would have stolen!!! You are the crook!! Asswipe!!!!
jgilles85 1 year ago
@jgilles85 Why do you keep lying to people and pretending to be me?
Jgillie85 1 year ago
@Jgillie85: Correction, I don't pretend to be a fake pussy, and that's you!!!
jgilles85 1 year ago
@jgilles85 You once again proved that you are lying. If the policy had a premium of $250k and you replaced it after the policy was in force 10 years there would have been at LEAST $2.5 million of CV, and AT LEAST $2 million of GUARANTEED CV. Busted!!! Just open a policy and read the table of guaranteed values that you seem to always skip over!!!!
insurancemike10 1 year ago
@StupidLieguy: Oh and we were able to save his CV from being stolen by the ins. company if he died and roll it into an annuity! So we helped him some more. Dumbass!!!
jgilles85 1 year ago
@StupidLieguy: Asshole you are more stupid than anyone, cause you're too fucking stupid to read or think! Who said that Tom Hopkins got the 2 policies at the same age? Uh... Exactly!!! He got the term decades after he already had the WL when he was much older! God you're stupid, and you think I'm the moron? Dumbass!!!
jgilles85 1 year ago
@jgilles85 So you moron friend gave up a cash rich WL policy to pay a premium about 35% less for a product that has no cash and will lapse prior to death? The agent who did that should be behind bars. And if the WL policy was that old the Divs would have paid the premiums. Man are you a crook!!
SuperLifeguy 1 year ago
@IllegalMichelle: Hey stupid asshole maybe you should go back and read what I posted. I didn't say Tom Hopkins makes $288k a year. I said his WL policy costed $288k a year a we gave him the same amount for $155k a year. You see we do issue FV that high showing you don't know shit!!! What's garbage is an insurance policy like WL where you pay extra money for a CV that your family doesn't get when you die. Also we do renew for face amounts over $1Million so stop lying!!!
jgilles85 1 year ago
@jgilles85 Wow - thanks for proving how bad your term product really is. If the WL premium was $288 I'd expect the term to be far less than $155 - so you are stating your term costs more than half the WL premium. You are so full of crap and you just proved it. Moron
SuperLifeguy 1 year ago
@IllegalMichelle: Oh and also I guess you've never heard of Tom Hopkins. Real Estate Sales Expert who had WL ins. that costed 288k a year and got the same DB with us for $155k a year. I guess that proves how much we issue! Idiot!!!
jgilles85 1 year ago
@jgilles85 You might want to read what he stated - you prove what an idiot you are over and over again with each post.
Jgillie85 1 year ago
@Jgillie85: Fuck you fake asshole!!!
jgilles85 1 year ago
@IllegalMichelle: Now you are really showing your stupidity! If we won't issue a face amount that high, then tell me; what is the highest face amount Primerica issues? Also it wouldn't be the first time it happened in the upper class! I told you dumbass my upline did it for a WL policy that was 230k a year in premium. More than your 150k! Also if you can get the appointment then I guess there is no intelligence required to do so!! Considering you're the stupidest agent on YT!!!!
jgilles85 1 year ago
@jgilles85 You are really that dumb!!! There is not an carrier in the US that would issue a $250k premium to someone who only makes $288K - stop the lies as for Primerica - I can tell you this - they won't renew ANY face amts above $1 million and they ONLY guarantee their 30 year for 20 years - what garbage!!!
insurancemike10 1 year ago
@jgilles85
that is a ridiculous arguement... term insurance is level and those interested in retirement will not be interested in term because they would then invest in stock, bonds , mutual funds.... and then there is no guarantee..
the Indexed UL is guarantee of tax free retirement.... term will expire assuming you saved money and your investments worked
zylamediagroup 7 months ago
@zylamediagroup: Good one. UL self implodes. My favorite thing to own. Not!!!
jgilles85 6 months ago
This has been flagged as spam show
@jgilles85 I’m asking it on 8 other sites & you keep spamming the question. Why is that troll? Why are you playing these games? Why do you throw in your own comment & spam that too? Is it so you can play victim? If you have time to do all this crap, troll, you have time to answer the question.
a1prime1 3 months ago
@IllegalMichelle: Do you post the same lies on every page? That guy won't be your client for more than 2 weeks! Don't worry a Primerica agent will find him and replace the policy!!!
jgilles85 1 year ago
@jgilles85 See that would be virtually impossible. One you won't issue a face amt that high and 2 investment bankers know how money works so they won't buy term, they know it will be worthless to them. Plus you won't have the intelligence to get the appointment.
insurancemike10 1 year ago
Wow the Primericans are showing their true colors once again!!! Someone give sound advice about seeking multiple quotes from multiple carriers and they go balistic!!! Hey boys, closed a $150k premium of Whole Life to a investment banker on Wall Street on Friday - that's more premium you will do in 5 years!!! PS - if a investment banker thinks WL is good for him and his family why wouldn't others? See this is the area I play in!!!
insurancemike10 1 year ago
First of all. VUL overtime, works. Most carriers have at least a 10 year no lapse rider. Secondly, the whole reason why 2 major carriers are getting rid of whole life is because they were oversold and the guarantees are now in jeopardy. Mark my words, 2 carriers will dump whole life this year. Why do you think Hanncock increased rates in their LTC policies by 40%? because sales were way up.
Talent2008 1 year ago
@Talent2008: All Cv ins. isn't good for the consumer only the company. Also jgillie85 is an idiot pretending to be, so his opinion (much like himself) is worthless!!!
jgilles85 1 year ago
@StupidLieguy: You don't have a fricking clue on how investments work, so will you please shut the fuck up? See I even asked nicely!!
jgilles85 1 year ago
Just to be clear. The majority of hedge fund managers, successful business owners, athletes, and higher income earners usually invest in life insurance. BUT they NEVER invest in UL or Whole Life. The smart ones invest in Variable universal life. Whole life is on it's way out. I know VP's at 2 major insurance companies who are going to get rid of whole life this year. If done correctly, investing in a VUL can be one of your best investments.
Talent2008 1 year ago
@Talent2008: VUL? That's probably even worse then whole life or UL! You would risk your DB in the stock market?
jgilles85 1 year ago
@jgilles85 or would you risk your DB in term insurance which only results in claims 2% of the time while permanent plans, if held, pay 100% of the time - you are an idiot.
Jgillie85 1 year ago
@Jgillie85: You're a fucking idiot you stupid fake asshole!!! Term isn't risked inside of any investment douche bag!!! It's like any insurance policy. It pays out when needed as long as it's in force!! Do all car or home insurance policies pay out? I don't hear you complaining about that you fucking idiot!!!
jgilles85 1 year ago
@jgilles85 You really are that dumb - see I can own auto and home insurance for as long as I live but with term I'm limited to when I can own it and it lapses 98% of the time prior to any death benefit being paid so the only one who makes money is the agent and the insurance company. You really are dumb. And stop pretending to be me asswipe.
Jgillie85 1 year ago
@Jgillie85: Fuck you, you're an asswipe! Listen dick eater you can't own auto as long as you live if you get too old to drive, because you can't see anymore! Dude you're an idiot who doesn't know shit! Besides I wouldn't pretend to be a stupid asshole, so don't worry I'm not pretending to be you!!!
jgilles85 1 year ago
@Talent2008: Don't get me wrong though, I believe that investments are good, just not when you're life insurance is mixed up in them!
jgilles85 1 year ago
@jgilles85 Please stop pretending to be me - you are an idiot too.
Jgillie85 1 year ago
@Talent2008 You are an idiot - WL sales are WAY up - just look it up in LIMRA - VUL sales are way down because the majority of them were never properly funded and blew up. You are a moron
Jgillie85 1 year ago
@bangitslo: Are you really that stupid? I guess you've never heard of Warren Buffet or Sandy Weill! Keep posting on YT, because it's not like anyone comes here for financial advice anyway!! LMAO
jgilles85 1 year ago
@jgilles85 Man are you this dumb? Are you stating that the average American can invest like Buffet and Weill? If so you are a criminal
SuperLifeguy 1 year ago
bangitslo: An example of a desperate insurance salesman who is trying to advertise his business on YT. Anyone who takes your advice will be broke. Do you understand that all types of UL policies are designed to implode from within? Do you understand that the richest people in the world have made billions off of the market? What the hell do you think insurance companies invest in? Well then again you are a life insurance salesman so I wouldn't expect you to understand much about finance!!!
jgilles85 1 year ago
The ONLY time a person should be invested in the StockMarket is if they have money to LOSE. Insurance is the way the average everday joe can earn a great return on his money without risk. CD's - HAHAHA. And who the hell puts money in a savings account anymore? Place it in an FIA (Fixed Indexed Annuity), ROP (Return of Premium) or EIUL. You'll come out a lot safer. IRA's and 401K's ARE GARBAGE. Bonds are the only other option IF you have money. If not, average joe's stick your money in insurance.
bangitslo 1 year ago
EIUL - Equity Indexed Universal Life Insurance beats the Market - EVERY SINGLE TIME. There is no better investment in Life Insurance. 90% of people invested in the Stock Market LOSE MONEY on a sustained basis!
bangitslo 1 year ago
@bangitslo: Oh and let me guess. You sell EUL? The facts never prove you correct!!!
jgilles85 1 year ago
@jgilles85 Tell you what. You show me your stock portfolio and I'll show you my EIUL performance YTD ( I have a 1 million dollar 20 year policy for 4 years now.) I GUARANTEE YOU in the next 16 years I'll be sitting on 3 times the money you'll have. I also have a 1 million dollar return of premium policy which is in the 4th year. I'll get a return of more than $95,000 in returned premiums while having 1 million in life insurance protection. Beat that. Show me your portfolio with your loser 401K.
bangitslo 1 year ago
@IllegalMichelle: You idiot you don't know shit about the market!!! CV insurance is what will guarantee loses. That's what I said dip shit!!!!
jgilles85 1 year ago
@StupidLieguy: Yeah guaranteed loses!!!
jgilles85 1 year ago
@jgilles85 You're right, the market will guarantee loses, thanks for confirming
insurancemike10 1 year ago
You should watch this video and note that it was done in March of 2007, prior to the debacle of the markets HMMMMMM maybe having some guarantees would work!!!!
SuperLifeguy 1 year ago
@SuperLifeguy Absolutely. Even the banks use life insurance to backup their investments. A ton of people don't know this. The real money is in life insurance.
bangitslo 1 year ago
@IllegalMichelle: Yes I agree. So the media can show the world what a shiity product permanent life insurance is and show everyone what kind of assholes sell it!!!! Like YOU!!!!!!!
jgilles85 1 year ago
@jgilles85 Life insurance shitty? I don't think so buddy. I buy policies all the time in the trade market. Big, Big Money. I deal with banks and other funds that buy policies all the time. Now individual investors are doing the same thing. Big returns and protection at the same time. Can't beat it when you want to dump it. I hold onto my policies - My retirement is secure. If I go before my retirement, my family makes out EXTREMELY well! A win-win situation. DUMP THAT 401K NOW!!!
bangitslo 1 year ago
@bangitslo: LOL and you're assuming a 401k is what I have! Come on you have to be a little smarter than that right? Most insurance agents don't actually buy that garbage, they just sell it for higher commissions! Or maybe you bought it, because you're clueless. Which one are you? Liar or Clueless?
jgilles85 1 year ago
@StupidLieguy: Actually you're a chickenshit lying bastard, because Primerica never told you that!! Also I've been here for 7 months and the fake (which is you) came in December! You have no dick, no brain, and no balls!!!
jgilles85 1 year ago
I have this new product - $ grows tax deferred, $ can be accessed with NO fee tax free, Interest ranges from 4.5% - 8%+ depending on allocations, guarantees of NO $ loss, no restriction on contribution amts (like the roth), no penalty for withdrawals prior to age 59.5, If you become disabled the contributions are made for you by the company you are with and you STILL maintain complete access to $ and beneficiaries get $ tax free and NO probate - It's called permanent life insurance!!!!
SuperLifeguy 1 year ago
@SuperLifeguy Wow I too have discovered this product - if only the media would too!!!
insurancemike10 1 year ago
@StupidLieguy: No idiot you compared the wrong classes and the parts you wanted to. Don't bother trying to convince me chickenshit!!!!
jgilles85 1 year ago
@jgilles85 Actually that's not true - Primerica gave me the "Best Class" illustration and when I reviewed my points you and Bonds confirmed they were true - or is this the fake you? The other has been online for over 2 years, you just came on the scene so you are a fake.
SuperLifeguy 1 year ago
This has been flagged as spam show
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criseldaprangehkg 1 year ago
This has been flagged as spam show
@StupidLieguy: Now of course a crooked bastard like you thinks that UL is good!!
jgilles85 1 year ago
@bonds519: You were never in Primerica dickhead!! You are just StupidLieguy and Michelle with a different name!! The real bond is still in Primerica you moron!!!!!
jgilles85 1 year ago
@tablerockbasscat: So while we are arguing you just completely screwed 2 people to earn high commissions! And then you laugh about screwing them. Congragulations Crook!!!
jgilles85 1 year ago
@StupidLieguy: Who are you calling toolboy you puss bag!!! Facts? Where did that information come from? You don't give any facts, instead you just pull things out of your ass and completely misrepresent all comparisons!! If that's true dick head, then explain to me why the avg. age of a life insurance agent is up to 56 I believe? You're a dying breed you cry baby!!!!!
jgilles85 1 year ago
@jgilles85 All the facts were taken directly from the illustrations provided to me and the public from Primerica - They clearly state the 30yr product is NOT guaranteed beyond 20yrs - the 14% charge is right there, all you have to do is view the annual premium and the monthly and do the math. The fact the won't renew the term for face amts of $1 miilon or more is right in the policy!!! You may want to review what you sell!!!
SuperLifeguy 1 year ago
While you all were on here arguing, I sold 2 UL's! LOL!
tablerockbasscat 1 year ago
@tablerockbasscat Good for you
SuperLifeguy 1 year ago
@StupidLieguy: There you go again chickenshit! Would you explain what is wrong with any of the products you sell? Uh....no! Oh and yes we are a great company asswipe! Ask all of the people that left other companies for us. You're a dying breed!!!
jgilles85 1 year ago
@jgilles85 You have the biggest turnover in the industry - your agent 4 year retention is about 6% which is about 4x less than the industry. Your one year lapse rate is 12% which is the %age of clients leaving you after one year, that's 4X industry average. Get your facts straight toolboy.
SuperLifeguy 1 year ago
@jgilles85 After being with Primerica and now with Guardian and can tell you for sure that Primerica trains their agents in half truths and misrepresentations. Practically everything they taught me regarding whole life is wrong or a twist of the truth. And Primerica's term really is very expensive and a bad choice for any client.
bonds519 1 year ago
@StupidLieguy: Easy because the 3-4 companies that a crook like you shows them will all have shitty insurance! That's why!!!
jgilles85 1 year ago
@jgilles85 They have to be better than the products Primerica offers - remember 1. expensive rates 2. The 30 yr is ONLY guar. 20 yrs 3. No renewals allowed for faces amts of $1 million or more 4. Limited Terminal Illness benefit of ONLY 45% of face or $250k whichever is lower 5. Use of unisex rates 6. 14% fee of base premium to pay monthly. Great company you have there!!! LOL
SuperLifeguy 1 year ago
@StupidLieguy: Watch the video to realize what a fucking idiot made it! And don't review 3-4 shitty companies!!!
jgilles85 1 year ago
@jgilles85 You are really that dumb? You are stating it's not good for someone to review 3-4 companies? Why would that be? You prove how dumb you really are with each and every post.
SuperLifeguy 1 year ago
hey all watch the video and if you buy term review 3 to 4 different companies.
SuperLifeguy 1 year ago
@StupidLieguy: Michelle the world will be a better place when crooks like you no longer exist!!!
jgilles85 1 year ago
@wooffeebiz: What a freaking joke? The gift of love? Is that the bull shit you use to screw families with what pays you the highest commissions?
jgilles85 1 year ago
@StupidLieguy: I have no credibility? I use a fake ID? You are proving how stupid you really are once again Michelle! A horse's ass has more credibility than some crooked life insurance agent that misrepresents life insurance and creates fake IDs. Oh wait that is you, because you are a horse's ass! Want a fact, here's one! Primerica is putting agents like you out of business every day!!!
jgilles85 1 year ago
Investing in Life Insurance is not only safe but you give your family the "Piece of Mind" "The gift of Love"
wooffeebiz 1 year ago
@wooffeebiz You hit it on the head my friend. If everyone did something like this the whole world would be a better place.
SuperLifeguy 1 year ago
@jgillie85: You are a fucking moron as usual! I never said the information was illegal dickhead, I said it was uncredible and the 2 people on the video I'm referring to that gave their opinion have no credibility! Are you stupid or what?!
jgilles85 1 year ago
@jgilles85 Like you have any credibility!!! You use a fake ID, you state you are a Primerican which automatically discredits you and you curse and lie. Look you've been laughed at more than Pee Wee Herman in a video booth. You need to go away. You've yet to defend or offer a single fact or point of reference - wait - I can almost guess your response - "you are this and you are that, so there I proved I'm right" spoken like a true 4th grader!!!
SuperLifeguy 1 year ago
@jgillie85: I know they're people on this video dumbass, so I'll explain it in a way that a retard like you can understand it! CNBC doesn't have or not have credibility; it's a channel! The people speaking are the ones that credibility should be based upon! The two people on the video (which I saw dumbass) are 2 crooked life insurance executives that have no credibility what so ever! Do you get it now asshole?
jgilles85 1 year ago
@jgilles85 No you are wrong - there's 4 people on the video and all are very credible and very educated. CNBC would not put illegal advise on the air. Google the people and see for yourself. PS - stop posting as me!!!
Jgillie85 1 year ago
@IllegalMichelle the only thing that you can answer is why are you such a dumb dickless bastard? Also you idiot CNBC is a channel! It's the people who appear on CNBC that hold the credibility and the 2 executives of a life insurance company have none!!!
jgilles85 1 year ago