@probslpwtyormama: Whoever got rid of him I have to say is one retarded dip shit! I read some of his old posts for fun and he sounded completely brain dead! Some what like IllegalMichelle, but a little bit differently!
@probslpwtyormama Yeah but at least he knew when his ass was handed to him. So did TerminalIllnessBuilder even though he gave a different excuse. Mikey is the only one that is too stupid to know when he has had his ass kicked! It's so much fun to watch him make a fool out of himself
This takes the cake - Jgillis claims on another post he can invest $5k/year and have $5 million at retirement - lets do that math shall we - - so you can invest $5k/year and have $5 million - wow if that's over 30 years you'll return 19% - Please tell us how you do that!!! MORON, Over 35 year - 15.53% and if only 25 year - 24.65% - Wow you are so full of crap its simply amazing!!! Are you for real? Do you tell clients this? All this with just a Series 6 license - you are an idiot!!!
@petergoyeroslin Exactly what I thought, another cash value agent with no balls! Call Primerica the armpit of the industry, but you can't represent the O SO WONDERFUL COMPANY YOUR PART OF! How is Primerica the armpit when were #1? Also brokers don't help people save for retirement, they just help wealthier people get wealthier. Were the only ones that help the middle class which are most people so get a clue!
Oh they are doin alright, haha but I definately lost some before I started gaining again. I just remind people have conservative funds as well that don't ever lose money. I have my Roth IRA and I do have whole life that even after medical expenses and all that gain about 6 percent every year. But ya definately diversify with stocks and mutual funds. But ya now that things have bottomed out and have no place to go but up, ya they are doing better now. At least I am buying low now.
you know what is good advice,,,,ill tell you, its call convertable life insurance, thats right, he could have converted his group life to a perminent wl plan with no evidence of insurability to a wl plan,
POOR ADVICE DAVE, shame on you, and shame on the broker who was working that group plan, he could have saved that family with one signature!!!!
Keep in mind though my W/L is through a non-profit organization so the dividends are always much higher than the other companies. So before people go crazy and say thats impossible for the 6 percent, that is how it happens. I think my IRA this quarter is getting 3.75 percent and haven't lost a dime in that either. Mutual funds are great to buy now since they are so low.
usually there are alot of fees and commissions that you pay for. even if you dont, if you do some research about the "Mtar" rule you will find out w/L policies have rules to prevent your investments from building up.
if u dont believe me, u can post the policy here and i promise every "buy term invest the difference" agent will tear it apart and show u all the gotchas
Ya the agent will receive 52 percent his first year and then 8 percent for the remaining four. There dividend rate of return is usually between 9 to 12 percent. I think this year it was about 7 or so. Ya non-profits, at least this one, doesn't have any fees since they aren't there to make money. Of course people are paid. Remember it is just life insurance, I want to know that my children or grandchildren are going to have more than just whatever I built for my self for retirement or
in my other funds. Plus remember you can't even call it an investment, thats when I life when people us that term since it's illegal to call it as such, but many, including the very wealthy will be W/L to protect there estates for when there heirs take over a business or just a large estate. I'm not using it for my retirement but the returns on my life insurance when I do have much greater returns than any mutual fund I have.
well thats good that you are protecting your family and thinking ahead, i have to compliment you for that.
If whole life is what you choose, and dont feel comfortable investing in mutual funds, then great. I take a different approach, I bought a 35 year term and because it is really cheap (about 5cents on the dollar to compare) I have alot more money to invest in my tax free mutual funds savings.
my advice is, alot of whole life policies are designed....
...so that when you die you lose all the cash and it all goes to the insurance company, as well as they charge you alot of interest when borrowing your own money. i would just advise you to check and make sure that is not the case because you wanna make sure your family is protected.
Well of course the cash is gone, they have the insurance policy. So really i've lost nothing. With whole life it usually takes about 15 years before you get more money coming out of it than you've put in. I will get that money back whether I live or die. Term you've gotta die to win. I have plenty of mutual funds but I always wanna leave something to cover my estate taxes which is what whole life is designed to do, hence the second to die policies.
I started putting 200 bucks a month in when I was 27. At the current dividend rate I will have roughly 276k at age 65 in cash value or a 564k death benefit since I used PUA. And I never lose any money in it. Of course I diversify with stocks and mutual funds as well as silver and starting to dabble in real estate. W/L is simply a part of ones portfolio, it doesn't make up the entirety of it. The interest rates if I borrow never go above 8 percent. Why would I borrow? I wouldn't borrow...
against my IRA without being penalized. They are designed, just like other retirement funds to make people want to leave the money alone. But if since I do want some liquidity I have my stocks and mutual funds. Again just diversification. Gotta be conservative. Term is just a risk, not a guarantee. Of course if you can't afford that much whole life then get term, it serves a purpose. I just like knowing that I have life insurance that won't be a fortune past age 70 or have cash if needed.
Keep in mind also I was perfectly healthy when I received that policy, so everything is much better rather than if I were a smoker or had diabetes type I, in which whole life and term are both very expensive. As far as the borrowing goes, I don't know why I would want to borrow against my policy. I never borrow against my retirement, nor would anyone recommend it. And please note I am not saying whole life is retirement, since it absolutely not, i'm just saying what has been doing so far.
If you're amazed with a K of C WL policy, then you need to check out one of the mutual company policies. I had a K of C policy while I was in the service and got rid of it after I realized that I was paying way too much for very little death benefit. Now I own some other WL stuff that it amazing. Just food for thought...
mm, well they are not so good before 10 years then after that they really start rolling around and making good money for you, i kept mine and it is paying for itself after 14 years, im pretty happy with that, yes it is more expensive but it really performs and the pua's will double your db in 30 years
LOL seems like youre still a shrimp swimming with the small fish.
it is obvious that up here, we are the shark
300K isnt the biggest one ive seen. my trainer actually moved $900,000 once, when his clients sold their beach house and wanted to invest. that paid him what...18k? hmm not bad. thats a few dollars as im sure you would agree...
ohh yeah werent u talking about 5 grand a year or something?
i know your full of it, because your doing something that everyday brokers do frequently and expect us to be inpressed, we dont need to brag about it,
but i guess when your the armpit of the industry you need something to brag about
i dont care if u believe it or not, the point is people trust us because we know %100 what we do is right and we put our whole heart into what we do as a team.
as well as our funds are the top award winning funds in the country, and our CIO martin hubes, top investor in canada.
looks like the armpit of the industry has busted your chops XD
great vid ... i tell people all the time to get outside insurance.....
teammili 1 year ago
@probslpwtyormama: Whoever got rid of him I have to say is one retarded dip shit! I read some of his old posts for fun and he sounded completely brain dead! Some what like IllegalMichelle, but a little bit differently!
jgilles85 1 year ago
@probslpwtyormama Yeah but at least he knew when his ass was handed to him. So did TerminalIllnessBuilder even though he gave a different excuse. Mikey is the only one that is too stupid to know when he has had his ass kicked! It's so much fun to watch him make a fool out of himself
jgilles85 1 year ago
@insurancemike10 What's the current balance in my Roth IRA?
jgilles85 1 year ago
This has been flagged as spam show
This takes the cake - Jgillis claims on another post he can invest $5k/year and have $5 million at retirement - lets do that math shall we - - so you can invest $5k/year and have $5 million - wow if that's over 30 years you'll return 19% - Please tell us how you do that!!! MORON, Over 35 year - 15.53% and if only 25 year - 24.65% - Wow you are so full of crap its simply amazing!!! Are you for real? Do you tell clients this? All this with just a Series 6 license - you are an idiot!!!
insurancemike10 1 year ago
@petergoyeroslin Exactly what I thought, another cash value agent with no balls! Call Primerica the armpit of the industry, but you can't represent the O SO WONDERFUL COMPANY YOUR PART OF! How is Primerica the armpit when were #1? Also brokers don't help people save for retirement, they just help wealthier people get wealthier. Were the only ones that help the middle class which are most people so get a clue!
jgilles85 1 year ago
@jgilles85 Petey was chased off here i think he was getting his ass handed to him just like mikey has been.
probslpwtyormama 1 year ago
@jgilles85 i got rid of petegoyeroslin A LONG TIME AGO !! he was beaten so bad he lost his biz and his you tube account lol
probslpwtyormama 1 year ago
@petegoyeroslin What company do you work for?
jgilles85 1 year ago
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lovelifelivewell 1 year ago
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petegoyeroslin 2 years ago
Oh they are doin alright, haha but I definately lost some before I started gaining again. I just remind people have conservative funds as well that don't ever lose money. I have my Roth IRA and I do have whole life that even after medical expenses and all that gain about 6 percent every year. But ya definately diversify with stocks and mutual funds. But ya now that things have bottomed out and have no place to go but up, ya they are doing better now. At least I am buying low now.
mvfmusic1 2 years ago
Wow, the one thing that Dave Ramsey has said that makes since regarding life insurance!
I didn't think this day would ever come!
NMFN2009 2 years ago
awesome advice. thanks dave ramsay
metalhead33 2 years ago
you know what is good advice,,,,ill tell you, its call convertable life insurance, thats right, he could have converted his group life to a perminent wl plan with no evidence of insurability to a wl plan,
POOR ADVICE DAVE, shame on you, and shame on the broker who was working that group plan, he could have saved that family with one signature!!!!
petegoyeroslin 2 years ago
hahaha oh now you have outsmarted dave ramsay huh? geez i dont get why they dont let you go on CNN and give out advice XD
Dave is absolutely right. all permanent policies are garbage and are designed to suck the most money out of the client's investments.
why pay more when you can get cheap term for more coverage and invest the rest in mutual funds
metalhead33 2 years ago
you dont even know what im talking about when i say a convertable policy do you???
this is a waste of time
petegoyeroslin 2 years ago
Haha how are those mutual funds doing everyone?
mvfmusic1 2 years ago
haha better than ever!!!!
I invest in Primerica common sense funds and it went up 8% just in the past two months!!!
im lovin it :D
how about yourself mvfmusic1?
metalhead33 2 years ago
Keep in mind though my W/L is through a non-profit organization so the dividends are always much higher than the other companies. So before people go crazy and say thats impossible for the 6 percent, that is how it happens. I think my IRA this quarter is getting 3.75 percent and haven't lost a dime in that either. Mutual funds are great to buy now since they are so low.
mvfmusic1 2 years ago
non-profit?
usually there are alot of fees and commissions that you pay for. even if you dont, if you do some research about the "Mtar" rule you will find out w/L policies have rules to prevent your investments from building up.
if u dont believe me, u can post the policy here and i promise every "buy term invest the difference" agent will tear it apart and show u all the gotchas
metalhead33 2 years ago
Ya the agent will receive 52 percent his first year and then 8 percent for the remaining four. There dividend rate of return is usually between 9 to 12 percent. I think this year it was about 7 or so. Ya non-profits, at least this one, doesn't have any fees since they aren't there to make money. Of course people are paid. Remember it is just life insurance, I want to know that my children or grandchildren are going to have more than just whatever I built for my self for retirement or
mvfmusic1 2 years ago
in my other funds. Plus remember you can't even call it an investment, thats when I life when people us that term since it's illegal to call it as such, but many, including the very wealthy will be W/L to protect there estates for when there heirs take over a business or just a large estate. I'm not using it for my retirement but the returns on my life insurance when I do have much greater returns than any mutual fund I have.
mvfmusic1 2 years ago
well thats good that you are protecting your family and thinking ahead, i have to compliment you for that.
If whole life is what you choose, and dont feel comfortable investing in mutual funds, then great. I take a different approach, I bought a 35 year term and because it is really cheap (about 5cents on the dollar to compare) I have alot more money to invest in my tax free mutual funds savings.
my advice is, alot of whole life policies are designed....
metalhead33 2 years ago
Comment removed
petegoyeroslin 2 years ago
...so that when you die you lose all the cash and it all goes to the insurance company, as well as they charge you alot of interest when borrowing your own money. i would just advise you to check and make sure that is not the case because you wanna make sure your family is protected.
best of luck to you pal.
metalhead33 2 years ago
Well of course the cash is gone, they have the insurance policy. So really i've lost nothing. With whole life it usually takes about 15 years before you get more money coming out of it than you've put in. I will get that money back whether I live or die. Term you've gotta die to win. I have plenty of mutual funds but I always wanna leave something to cover my estate taxes which is what whole life is designed to do, hence the second to die policies.
mvfmusic1 2 years ago
I started putting 200 bucks a month in when I was 27. At the current dividend rate I will have roughly 276k at age 65 in cash value or a 564k death benefit since I used PUA. And I never lose any money in it. Of course I diversify with stocks and mutual funds as well as silver and starting to dabble in real estate. W/L is simply a part of ones portfolio, it doesn't make up the entirety of it. The interest rates if I borrow never go above 8 percent. Why would I borrow? I wouldn't borrow...
mvfmusic1 2 years ago
against my IRA without being penalized. They are designed, just like other retirement funds to make people want to leave the money alone. But if since I do want some liquidity I have my stocks and mutual funds. Again just diversification. Gotta be conservative. Term is just a risk, not a guarantee. Of course if you can't afford that much whole life then get term, it serves a purpose. I just like knowing that I have life insurance that won't be a fortune past age 70 or have cash if needed.
mvfmusic1 2 years ago
Keep in mind also I was perfectly healthy when I received that policy, so everything is much better rather than if I were a smoker or had diabetes type I, in which whole life and term are both very expensive. As far as the borrowing goes, I don't know why I would want to borrow against my policy. I never borrow against my retirement, nor would anyone recommend it. And please note I am not saying whole life is retirement, since it absolutely not, i'm just saying what has been doing so far.
mvfmusic1 2 years ago
K of C , ya its an excellent WL program, i own one of ther wl policies, and am amazed at the performance
petegoyeroslin 2 years ago
If you're amazed with a K of C WL policy, then you need to check out one of the mutual company policies. I had a K of C policy while I was in the service and got rid of it after I realized that I was paying way too much for very little death benefit. Now I own some other WL stuff that it amazing. Just food for thought...
NMFN2009 2 years ago
mm, well they are not so good before 10 years then after that they really start rolling around and making good money for you, i kept mine and it is paying for itself after 14 years, im pretty happy with that, yes it is more expensive but it really performs and the pua's will double your db in 30 years
petegoyeroslin 2 years ago
it is called a "tax free savings account"
look it up
metalhead33 2 years ago
apples and oranges, knucklehead,
look it up,
there are people out the r that need to and invest more then 5grand per year, so nice try,,,,,,
man you can really tell yer level of knowledge is very basic.
petegoyeroslin 2 years ago
apples and oranges? LMAO
nice comeback when you run out of facts
potatoes and tomatoes, looks it up XD
oh and ive got clients investing over 30K/yr
one of them won the lotto so im moving 300K tomoro for him. thats gonna pay me like...8K?
lovin it
metalhead33 2 years ago
wtf are you talking about,,,read what i wrote, it is apples and oranges and i explained why,
stop wasting my time...
300k lol yer a bigger liar that banterliar
petegoyeroslin 2 years ago
LOL seems like youre still a shrimp swimming with the small fish.
it is obvious that up here, we are the shark
300K isnt the biggest one ive seen. my trainer actually moved $900,000 once, when his clients sold their beach house and wanted to invest. that paid him what...18k? hmm not bad. thats a few dollars as im sure you would agree...
ohh yeah werent u talking about 5 grand a year or something?
metalhead33 2 years ago
i know your full of it, because your doing something that everyday brokers do frequently and expect us to be inpressed, we dont need to brag about it,
but i guess when your the armpit of the industry you need something to brag about
petegoyeroslin 2 years ago
i dont care if u believe it or not, the point is people trust us because we know %100 what we do is right and we put our whole heart into what we do as a team.
as well as our funds are the top award winning funds in the country, and our CIO martin hubes, top investor in canada.
looks like the armpit of the industry has busted your chops XD
metalhead33 2 years ago
Great Advice! He's a life saver.
jasoncueva 3 years ago