This XFVY4 moron is a prime example of why I left Primerica. His math is just a bit off, he'd need 49.5% to get to $3,000,000 and even if he could do 10% that would be only $325k. And you are right Primerica has the MOST expensive term on the market. It's aweful!!!
I'm 19 years old. My term insurance costs me $25/month. I invest in mutual funds for $100/month at a 10% rate of return. My term insurance is for 35 years. By the time I'm 55 (when my term insurance expires) I'll have over $3,000,000 saved for retirement. I think I could struggle through the rest of my life with out life insurance seeing that I'll be SELF-INSURED. By the way, my term AND my investments are through PRIMERICA. Thank Satan for Cash Value. Thank God for PRIMERICA! Freedom Lives Here
@XFVY4 Have you seen the cost of Primerica's term vs. others companies? Why not take the difference and invest it as well. Also where are you putting you money to ensure you are getting a 10% Return, not to mention your math is very much off...that'll be less than 500k after that time frame. If you think I am lying go use a calculator and do it for yourself? You also need to realize that if you touch that money (if its qualified) you'll pay taxes on it. Oh & don't become disabled at all!
@XFVY4 What fantasy world do you live in boy? 10% return on your mutual fund? Really? The S&P was up only 3% but that's the Average return and assumes you were in Jan 1 and still in Dec 1 - many lost during the ups and downs of the year. The average investor earn less than 4% in the markets, it's a proven fact and verifible. Just research it. PLUS you are using linear math, you assume 10% each year for 35 years, the world don't work like that son.
@XFVY4 You are really dumb - $1,200 a year for 35 years at 10% would amount to just over $325,200!!! You'd need to do about 49.5% each year to get to $3,000,000. I guess your Primerica schooling is showing up in your math!!! Tool
hahahaha!! 1. cash value belongs to the company. 2. if $ is taken outta the cash value, u gotta pay it back WITH intrest. 3. if u die, beneficuary gets death benefit - company keep cash value.
all u gotta know is buy TERM & INVEST the difference! that way if something happens, family gets both! this guy thats being interviewed sounds like he tryna color code it...... sounds like a WHOLE LIFE agent!! hahahaha
Someone is lying.....You don't "borrow" from your cash value, you use the policy as colateral to borrow money from the insurer (at a net zero interest rate) they use the death benefit and should you die with the loan outstanding it's subtracted from the DB - And it's ALL TAX FREE!!! MORONS ON THESE SITES!!!!
So, if I build up the cash value, do I get to keep that or do I have to pay it back? Because if I have to pay it back, it would seem that I am throwing my money in the toilet.
Cash value - college funding? Apparently, his knowledge is very limited and doesn't have his investment license. There is a college fund provided by the government called a 529 plan. that provides a higher rate of return for kids. Herbert needs to do his research, get all the facts together. If he didnt drop out of school at 2nd grade, he can see that the numbers added on any cash value is not enough money for any tuition in a 4 year college. Inform yourself with knowledge, facts and statistics.
@kpzfinest 529 plans provide a higher ROR for kids? Are you for real? Are you this dumb? First of all there's no guarantee of ROR!!! 2nd - the managers actually "dial down" the stocks as the kids get closer to school age resulting in LOWER ROR!!! Moron - do you homework!!!
I'm always right in regards to life insurance. I know when term is the right product and I know when permanent is the right product. These fools sell to lower income families and will keep these people poor with their lame brain strategies. They know not what they speak!!!
@jerkilles95 I think you meant the other guy - termisexpensive have been right on the mark with his comments!!! Term is expensive, especially primerica's term - the most costly in the industry!!!
Owendpuca is schooled once again - Mass Mutual just took out a full page ad in Wall Street Journal stating their $1.3 BILLION 2012 schedule Dividend!!! You really are as dumb as they say!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!!
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!!!
I'd like to thank "Ownedpuca" for his incredibly stupid commets and moronic calculations - you prove daily why people who listen to guys like yourself fail each and every day!!!
So this "owen" idiot who is the fake prime thinks term is the only way to protect family???? If so how can that be if 98% of all term NEVER results in a death claim?
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY, ONLY A SCAM ARTIST POST DIFFERENTLY ! WOW LOOK A JGAYGILLES85 WHAT A FAG !! WHOLE LIFE IS A SCAM
Term is actually insurance. Insurance protects you from a risk. Permanent life insurance isn't insurance at all, because you have a 100% chance of dying. Its simply overpriced final estate planning. My grandfather has paid over $40,000 in premium for a $100,00 Universal life policy. His cash value is currently worth $400. He would have been much much much better off investing that $40k in his IRA in even conservative mutual funds and fixed income.
@DJNiexo What most people don't understand is that EVERY UNIVERSAL POLICY WILL EXPIRE. As the premiums increase, they pull it from the cash value and you continue paying the same "out of pocket". Then one day youi get a letter saying pay $X a month or it will lapse (X being an astronomically high rate.) Buy term, invest the difference. As a Primerican, obviously I want you to contact your nearest PFS office, but if you find something better elsewhere, go for it.
@DJNiexo Your grandfather is an idiot - what he's not telling you is that he borrowed the money from the policy to pay for the therapy your mother needs. permanent life insurance is the ONLY way to go long term. 98% of term expires or lapses prior to death - that's a 100% loss of all your premiums moron!!!
@aIprime1 My grandfather has never borrowed a cent from the policy. If you look closely at it, its a savings account with an auto-drafted ANNUAL RENEWABLE TERM policy inside of it. The insurance cost rises every year and if he doesn't increase his premium pay in, it drains the savings.
Put savings in an insurance policy that the company keeps when you die? Thats a 100% loss of all your savings. Buy term and save seperately so when your term expires, you are SELF-INSURED and no longer need it.
@DJNiexo Your grandfather is a moron - you just sent me a note stating your moron grandfather blended term insurance into his Whole Life - you have the nerve to blame the Whole Life???? Idiot - it's the rising cost of the term that's killing his policy, the Whole Life portion would have been just fine but you listened to the morons on these sites who believe in term. Term is the most expensive form of life insurance when you get older, it HAS to be idiot.
@aIprime1 He didn't choose to blend term into his whole life. Its a UNIVERSAL life policy. That's what a universal life policy is. A savings account funded by premiums that they take fees and commissions out of and then an automatically renewable term policy. As you get older, the renewal periods on the internal term policy eventually decrease until its annual renewable term. THATS HOW ALL UNIVERSAL WORKS.
Let me ask you something, do you personally have a state insurance license? I do...
@DJNiexo It's most likely he stopped paying his premium. If he had properly funded it he's have all his insurance. It's people like you and your grandfather who think they should get something for free and "skip" premiums that screw up these policies. Term on results in claims 2% of all policies sold, now that's a rip off. Your grandfather tried to get a way with one and failed - too flipping bad for him.
@DJNiexo As a former whole life agent aka " termisexpensive" I am so sorry for acting like an ass, I was blinded by all the money I make selling trash value policies.I applaud a company like Primerica that sells a term only product.
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
As a current Full-Time Primerican, I can tell you that our new Custom Advantage life products (New as July'11) are very competitive on prices. I have found a few that are less than a dollar cheaper monthly, but NONE have the renew-ability, Increasing benefit riders, quality child riders that we have. Almost every other term product is designed to convert to permanent life at expiration. And do these companies have agents that do home visits, financial plans, and care about your future
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.
Why is anyone afraid of aIprime1's posts? No one can argue them? Why is term expensive? Because it's a product that almost never pays off, therefore it's pure cost. Acturially speaking you'd be better off betting on "Red" in Vegas, the odds are much higher for you.
someone is spamming aIprime1's posts - here it is - 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!!!
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!!!
Buy Term and LOSE the Difference is more like it!!! 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!!!
@owenbuca They do you moron - get any inforce whole life policy and see the face amount of paid up additions!!! In fact they get about $3 for each $1 of cash value!!!! By life expectency you can expect more than 3X the original face amount. Thanks for the softball question!!!!
I have to agree that whole life is not the kind of product to "invest" in and it is very expensive insurance. Fortunately for the consumer, the "BuyTermInvestTheDiff" sales people have forced the insurance industry to create better products. The product of the day that solves the matter is called Guaranteed Indexed Universal Life, which covers the insurance and invest subject superbly and also answers the tax problems of investing in IRA or 401K investment vehicles where the taxes eat savings
So I did the research and it's true. Plus the S&P has done less than 2% over the last 10-15 years. In addition, according to Ibotson, the ave. investory since the '20s has averaged less than 4% in the markets, this is due to the emotion of pulling money in and out at the wrong times.
I've been told that permanent life insurance can do many things for people such as the following: Provide guaranteed death benefit for life, provide tax deferred build up of cash value and tax free access, provide a guaranteed return with no market risk, provide funds to "self complete" in event of sickness or disability, provdie tax free money for chronic illiness and terminal illness, provide tax free death benefit, no penalty for access prior to 591/2, no contribution limits, no income limits
I agree. I only sell term, 100% of the time, but I also create a gameplan for my clients and offer mutual funds along side of the insurance. I challenge anyone that believes in cash value to offer real-world, real client examples with numbers to prove me wrong.
I have a 35 year level term life policy and an aggressive growth mutual fund. In 35 years, do you honestly think I will even remember a one day drop? If the market continues to do as bad as it has the last 20 years, I'll still end up with a whole lot more money than the cash value of a life policy.
And lets not forget that if I die during that 35 years, my family gets the life policy AND my investments, not just one or the other. Still waiting on a rebuttal to that point.
Yes Term insurance is not meant as a permanent investment. It is only meant as a temporary solution in case you die before your assets build up. If you buy term, which is substantially cheaper, and invest separately in good mutual funds, you will end up with a whole lot more money. And If you die while your term policy is in force, your family will receive both your insurance benefit AND your savings, instead of just one. Whole/universal/variable/adjustable policies only give you the insurance.
That same client with her Northwestern Mutual Policy: If she kept her original cash value policy, her cash value would eventually reach $200,000 on her 100th Birthday. Read your contracts. What sounds like the better deal?
If you believe cash value life insurance is the way to go. Please convince me. I want to see cold hard numbers written on real contracts that prove benefits over Buying Term and Investing the Difference.
For the same $200 a month, which sounds like a good deal and which sounds like a rip off? Paying your whole life for two things, like insurance and a savings account, and in the end only getting one sounds like a frigging rip off to me. Anyone that argues 'tax advantages' to investing with permanent life policies simplidy needs to look at Roth IRA accounts. Look up Dave Ramsey or Suze Orman. Both will slam cash value life insurance.
We got her in a 30 Year Term policy for $450,000 death benefit for $86.72 a month. We invested the difference of $114/month into her Roth IRA in good growth stock mutual funds. When her term life policy expires, she will have $420,000 in CASH in her savings. If she continues to invest and follow our plan, she will have $1.8 Million for her retirement.
You have to borrow money from the insurance company and pay them interest on your own dadgum savings to use it.
3) Buy Term and invest the difference.Real-Life Client here in Knoxville, TN had a Northwestern Mutual Adjustable Life Insurance policy. She paid $200.86 a month for. She had a death benefit of $200,000. She currently had just over $6,000 in cash value in the policy.
Dear God. Has anyone actually read a Whole Life insurance contract? Seriously, go read one of those things!
1) You're Buying permanent life insurance, right? So you're planning on dying one day, right? Well guess what happens to your cash value when you die? That's right, the insurance company keeps it as profit. Go read your contract. It is in there.
2) The only way to actually use your cash value? Take out a loan against it!
1 million in a death benefit is NOT better than 1 million and all of my savings invested in a better plan. You can't cintrol the money in a permanent insurance policy. I dont like that!
Here's the simple question the Primericans won't answer - Who is better off financially - Person A with $1millon or Person B with $1 million and $1millon of permanent insurance paid up?
@SuperLifeguy it has been 3 weeks since probs asked you a simple question,I will answer for you ok.you don't seem to know the answer.THE ANSWER IS 300K OF TERM IS MUCH BETTER THAN 50K OF WHOLE LIFE.
Notice how SuperLifeguy never responded to your answer, probslpwtyormama? It just shows that these morons really don't what they're talking about. It's best to dismiss them and continue moving forward. Leave them in their own dust
@bluelite7x IT is sad, all they do is BLAH BLAH BLAH, when asked simple questions (that show they lie and have no clue) they will no,or can not answer.hell all jgilles85 does is call people names( when he is not copying Id's)
@bluelite7x: Yes I agree. That's why I've posted much less over the last 3 months. These CV agents are dumbasses and just don't like PFS because we run their crooked asses out of business. Hence the fake me who lost his licenses for fraud!
Wow - Now I'm reading that these Primerican jerks are claiming they can earn 30 to 40% on their investments!!! Wow isn't that grand of them!!! If anyone knows of any investment that does this please tell us!!! LOL - incredible - People - I sell insurance, tons of it. And I actually sell mostly term, but when I sell term I get the cient the right product. Trust me primerica does not gave the right products - it's too expensive and not guaranteed for the full term.
I actually know who jgilles85 is, he was taking out the garbage in the back alley shooting up and sucking on some guy's dick.his name is Mike wodoggy.
@probslpwtyormama Probs - Funny toolboy - aren't you the guy who stated UL for a 30 yr. old for $1 million is $1,400 when it's only $25o to $600 per month? Then you took $1400/month and said in 30 years you could accumulate $5 to $8 million - now now - that would take a linear 12.49 to 16.+% return each and every year. Funny but you didn't deduct the term premium either, making your math even more unrealiable!!! Schooled!!!
You are so simple. I am about to go to my office, turn my own key and run my own primerica business. So what the hell are you speaking about. Like any sensible company, Primerica is designed for those who stay. So you have to qualify for ownership. You qualify for ownership as an RVP and execute ownership at the SVP level to be correct. You can't take clients with you But I can sell my book of business for 8 to 10 times of the income it generates. For a $99.00 investment, you cant beat it.
@rvp1focus I left your criminal organization months ago and could not be happier. Did you know your product is portrayed as a 30 yr level but ONLY guarts. 20 yrs? Or that the fee to pay montly is 14% of the base premium? or that you won't renew policys for insureds 45 or older? Or for face amts $1 million or more? Or that you use unisex rates which penalizes females and the result for males is still expensive when compared to other higher featured policies? And you ONLY pay 25% to the agent?
@rvp1focus On the contrary, a book of business is only worth what someone is willing to pay for it. The fact that you have claimed you can sell your book for 8-10 times its revenue stream tells me you've never tried selling it before. Ask yourself this: if you were the buyer, would you purchase it? Or, would you try to bring the price down to something more reasonable? Would you be willing to wait 8-10 years to get your initial investment back, and only then start to make money? Nuh uh!
@rvp1focus Your way of saying that Primerica is designed for those who stay is a sneaky way of justifying delayed remuneration and the extreme leverage that's placed on new recruits. Your statement is misleading at best.
RVP1focus, have you had a chance to see what kinds of opportunities an insurance brokerage could offer you? The fact that you talk about your $99.00 investment being unbeatable tells me you have not done your homework in this area either.
@rvp1focus the probs you have been posting to is actually........A janitor at guardian, his name is jgilles85, he has coppied my user name on here.It's ok he has been reported to a few different entties, thats how i found out about him being a janitor.He also goes by the names WODENDOG,MIKEY,SUPERLIFEGUY, AND A FEW OTHERS.
Primerica = Scam. Plain and simple. Why? They claim that you are running your own business, but this totally untrue. Read your contract very carefully, Primericans. It explicitly says that if you ever leave the company (quit, retire, get fired), you cannot take your clients with you. They become the sole exclusive property of Primerica. Which means you are NOT running your own business.
Only at the NSD level and up do you truly run your own business. Don't believe it? Read your contract.
You say that you were a former primerican and primerica is a scam. Well, I know for a fact that Primerica Is NOT a scam. I also know that you are a little light in the head. Every sensible person knows what the investment market does. The company is speaking of an average annual rate of return over a certain time period. Do you even know what an average is?? Now that you have left the company please stay gone. I am sure the company is better without you.
It's clear that there is many on this site who have no clue how Whole Life works. WL is by far the most cost efficient way to purchase life insurance for the long term. You can not purchase term if you expect to have a Death Benefit when you die - assuming you die around your life expectancy which for most is about age 85. Term offers lower premiums up front but the premiums become very expensive, actually multiple times higher that WL and hence why 98% of term NEVER results in claim.
It's clear that there is many on this site who have no clue how Whole Life works. WL is by far the most cost efficient way to purchase life insurance for the long term. You can not purchase term if you expect to have a Death Benefit when you die - assuming you die around your life expectancy which for most is about age 85. Term offers lower premiums up front but the premiums become very expensive, actually multiple times higher that WL and hence why 98% of term NEVER results in claim.
@tdolz IT depends on where your at with life and finances. Whole life is better in the long run by far. However if you dont hv the money for it get term for the short run to protect your family.
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.
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.
@IllegalMichelle: You dumb bitch every WL policy shows that the CV is always less than the premiums paid, and if it were more the gain would be taxed!! OMG you're stupid!!! The IRS website even says that Cash Surrender Value can not exceed the net premiums for it not to be taxable. Can't tax a loss: DUMBASS!!!!!
@jgilles85 I keep reading and you keep sounding dumber - hint - NOTHING can be taxed unless the value exceeds the dollars in, you have proven absolutely NOTHING - Once the CV exceeds the premiums the "gain" still grows tax deferred - ever hear of TEFRA? If you should surrender the policy you'd be taxed on the gain - but if you are smart you can surrender your basis (premiums paid) and then once that's gone you can take your gain as a loan against the DB and therefore comes to you without taxes.
@Jgillie85: Oh that is good! Not!!! You say I keep sounding dumber? So to avoid paying taxes I will borrow my own money and pay more in interest then I will in taxes. Oh ok DUMBASS!!!!
@jgilles85 So once again you prove how dumb you are - EVEN if has you state the loan rate is 6% how can that be possibly more than a 30% tax rate? You really are as dumb as all the others state!!! PS - the loan rate is a net zero!!! Asswipe!!! Schooled!!!
@Jgillie85: Actually dumbass you're wrong again!!! The tax is on the gain in the CV is 30%. The gain is very minimal. A loan on the other hand is the entire CV you're borrowing and is not net 0% asswipe, it's 7%. So 30% of a $5,000 gain is $1,500 you pay in taxes. 7% of a $50,000 CV loan is $3,500 you pay in interest. Which ones bigger? The loan you peice of shit!!!
@jgilles85 You are do dumb - all WL are at either zero cost loans or at worst 1% - still far better than paying tax on the huge gains. You quote from policies issued 50 years ago - time to get into 2011.
@Jgillie85: No dumbass those are current policies! Oh and btw I want to congragulate you crook. Know why? Today I reported your stupid ass to YT for impersonation and an investigation will soon be on the way!!!!
@jgilles85 I'm laughing my butt off - do you really think there is someone on YT that really cares about you and your sign in? If they did they would not have allowed anyone to create and ID that resembles yours. You really are that dumb!!!
@IllegalMichelle: You really are an illegal crooked agent!! The loan is not zero cost. Also why don't you explain why it's tax free to take out the CV? This should be funny.
@Jgillie85: Ok dumbass I did look it up and here's what it says: A contract meets the cash value accumulation test of 7702 if, by the terms of the contract, the cash surrender value of the contract may not at any time exceed the net single premium that would have to be paid at that time to fund future benefits under the contract. In other words it is not taxed only because the CV doens't exceed premiums paid. You can't tax a loss you idiot!!!!
@jgilles85 So you really are that dumb? Are you? ALL CV policies will exceed basis - fyi basis mean cummulative premiums paid - why are you so dumb? Why do you keep proving what an idiot you are? please why? really did you graduate junior high?
Once again peolpe must educate themselves. you cant use whole as a retirement fund. you will be tax. An IRA is the way to go. Look up Suze orman and dave ramsey for life insurance. This guy has no clue what he is saying
@alki1003 Really - so you are stating an IRA isn't going to be taxed but life ins. will? Are you for real? Dollar 1 from an IRA is subject to tax. With life ins. you can take out your cumulative contributions with no tax. Then you can take a zero cost loan against the DB for the rest without tax. You have no clue!!!
Here's the deal - If you need term don't let anyone show you just one company - get multiple quotes. I used to sell for Primerica and I was required to sell just their term. However, when I did my research I discovered how bad the product is. It's overpriced, especially for females as they use unisex rates, they charge 14% of premium for the right to pay monthly, They won't guarantee renewals for face amts of $1 million and their terminal illness benefit is weak.
@jgilles85 So you can prove all the bad things said about the Primerica policy, good for you!!! I don't run into the Primerican's as they prey on the lower class and uneducated.
@IllegalMichlle: Hey asshole it's about time you posted with your actual name again, instead of Stupid or fake me! Our rates are not much higher than the competition you dumb fuck, as you lie and make up everything you say! As far as your video goes, a 2 year old could have made a better video!! You are the one who is as dumb as they get you peice of crap!!!
Thank you
1mariamorales 2 weeks ago
Typical misleading Primerica math!!
Termisexpensive 2 weeks ago
This XFVY4 moron is a prime example of why I left Primerica. His math is just a bit off, he'd need 49.5% to get to $3,000,000 and even if he could do 10% that would be only $325k. And you are right Primerica has the MOST expensive term on the market. It's aweful!!!
aIprime1 1 month ago
I'm 19 years old. My term insurance costs me $25/month. I invest in mutual funds for $100/month at a 10% rate of return. My term insurance is for 35 years. By the time I'm 55 (when my term insurance expires) I'll have over $3,000,000 saved for retirement. I think I could struggle through the rest of my life with out life insurance seeing that I'll be SELF-INSURED. By the way, my term AND my investments are through PRIMERICA. Thank Satan for Cash Value. Thank God for PRIMERICA! Freedom Lives Here
XFVY4 1 month ago
@XFVY4 Have you seen the cost of Primerica's term vs. others companies? Why not take the difference and invest it as well. Also where are you putting you money to ensure you are getting a 10% Return, not to mention your math is very much off...that'll be less than 500k after that time frame. If you think I am lying go use a calculator and do it for yourself? You also need to realize that if you touch that money (if its qualified) you'll pay taxes on it. Oh & don't become disabled at all!
hillje1906 1 month ago
@XFVY4 What fantasy world do you live in boy? 10% return on your mutual fund? Really? The S&P was up only 3% but that's the Average return and assumes you were in Jan 1 and still in Dec 1 - many lost during the ups and downs of the year. The average investor earn less than 4% in the markets, it's a proven fact and verifible. Just research it. PLUS you are using linear math, you assume 10% each year for 35 years, the world don't work like that son.
aIprime1 1 month ago
@XFVY4 You are really dumb - $1,200 a year for 35 years at 10% would amount to just over $325,200!!! You'd need to do about 49.5% each year to get to $3,000,000. I guess your Primerica schooling is showing up in your math!!! Tool
aIprime1 1 month ago
hahahaha!! 1. cash value belongs to the company. 2. if $ is taken outta the cash value, u gotta pay it back WITH intrest. 3. if u die, beneficuary gets death benefit - company keep cash value.
all u gotta know is buy TERM & INVEST the difference! that way if something happens, family gets both! this guy thats being interviewed sounds like he tryna color code it...... sounds like a WHOLE LIFE agent!! hahahaha
semisi111 1 month ago
Someone is lying.....You don't "borrow" from your cash value, you use the policy as colateral to borrow money from the insurer (at a net zero interest rate) they use the death benefit and should you die with the loan outstanding it's subtracted from the DB - And it's ALL TAX FREE!!! MORONS ON THESE SITES!!!!
aIprime1 2 months ago
So, if I build up the cash value, do I get to keep that or do I have to pay it back? Because if I have to pay it back, it would seem that I am throwing my money in the toilet.
Tubakevvie12787 2 months ago
@Tubakevvie12787 You keep it, who's telling you differently?
aIprime1 2 months ago
Cash value - college funding? Apparently, his knowledge is very limited and doesn't have his investment license. There is a college fund provided by the government called a 529 plan. that provides a higher rate of return for kids. Herbert needs to do his research, get all the facts together. If he didnt drop out of school at 2nd grade, he can see that the numbers added on any cash value is not enough money for any tuition in a 4 year college. Inform yourself with knowledge, facts and statistics.
kpzfinest 2 months ago
@kpzfinest 529 plans provide a higher ROR for kids? Are you for real? Are you this dumb? First of all there's no guarantee of ROR!!! 2nd - the managers actually "dial down" the stocks as the kids get closer to school age resulting in LOWER ROR!!! Moron - do you homework!!!
aIprime1 2 months ago
I'm always right in regards to life insurance. I know when term is the right product and I know when permanent is the right product. These fools sell to lower income families and will keep these people poor with their lame brain strategies. They know not what they speak!!!
Termisexpensive 2 months ago
Why is "termcreep" pretending? exposed!!! Whole Life is the way to go - 3 guarantees plus divididends - it doesn't get better!!!
aIprime1 2 months ago
@aIprime1 looks like it's a xmas miracle, little fuck face termisexpensive has finally seen the lite.
jerkilles95 2 months ago
@jerkilles95 I think you meant the other guy - termisexpensive have been right on the mark with his comments!!! Term is expensive, especially primerica's term - the most costly in the industry!!!
aIprime1 2 months ago
Ownedpuca and termcreep are one in the same person - it's too obvious. Term sucks and Whole Life is the best - you know it beeeeeeeech
Termisexpensive 2 months ago
@Termisexpensive As a former trash value agent also known as Termisexpensive, I feel terrible at what I used to sell to families.
termischeap 2 months ago
great post Termischeap.
owenbuca 2 months ago
Owendpuca is schooled once again - Mass Mutual just took out a full page ad in Wall Street Journal stating their $1.3 BILLION 2012 schedule Dividend!!! You really are as dumb as they say!!!
aIprime1 3 months ago
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owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!
owenbuca 3 months ago
This has been flagged as spam show
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!!
owenbuca 3 months ago
Cash value companies are not able to make their dividend payments due to consistent low interest rates. Even though it is an overcharge on the policy holders insurance premiums !!!!!!!!
owenbuca 3 months ago
I'd like to thank "Ownedpuca" for his incredibly stupid commets and moronic calculations - you prove daily why people who listen to guys like yourself fail each and every day!!!
aIprime1 3 months ago
@aIprime1 He's perhaps the dumbest of the dumb. He and the guy who is your imposter. Both morons!!!
Termisexpensive 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!!!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!!!!!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!!!!!!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!
owenbuca 3 months ago
This has been flagged as spam show
whole life is known in the industry is called TRASH VALUE !!!!!
owenbuca 3 months ago
whole life is known in the industry is called TRASH VALUE !!!!!!
owenbuca 3 months ago
Whole Life is Great!
aIprime1 3 months ago
Plus the dividends and cash grow tax free and are accessible tax free!!
aIprime1 3 months ago
Whole life also earns dividends which are also guaranteed once paid!!! That means they can't lose value once paid, incredible!!!
aIprime1 3 months ago
And the premiums are guaranteed to NEVER increase, term can't do that!!!
aIprime1 3 months ago
It also guarantee cash values so you will always get your money back!!!
aIprime1 3 months ago
Whole Life guarantees death benefit for LIFE, forever!!!
aIprime1 3 months ago
See term is the most profitable form of life insurance for the carrier - the stat below is the supporting evidence.
aIprime1 3 months ago
So this "owen" idiot who is the fake prime thinks term is the only way to protect family???? If so how can that be if 98% of all term NEVER results in a death claim?
aIprime1 3 months ago
Whole is the only way to protect your family for LIFE GUARANTEED - Term Expires - that's why they call it term.
aIprime1 3 months ago
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY, ONLY A SCAM ARTIST POST DIFFERENTLY ! WOW LOOK A JGAYGILLES85 WHAT A FAG !! WHOLE LIFE IS A SCAM
owenbuca 3 months ago
This has been flagged as spam show
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY, ONLY A SCAM ARTIST POST DIFFERENTLY ! WOW LOOK A JGAYGILLES85 WHAT A FAG !!
owenbuca 3 months ago
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY, ONLY A SCAM ARTIST POST DIFFERENTLY ! WOW LOOK A JGAYGILLES85 WHAT A FAG
owenbuca 3 months ago
This has been flagged as spam show
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY, ONLY A SCAM ARTIST POST DIFFERENTLY !
owenbuca 3 months ago
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY, ONLY A SCAM ARTIST POST DIFFERENTLY !!
owenbuca 3 months ago
This has been flagged as spam show
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY .
owenbuca 3 months ago
This has been flagged as spam show
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY !!!
owenbuca 3 months ago
This has been flagged as spam show
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY !!
owenbuca 3 months ago
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY !
owenbuca 3 months ago
TERM INSURANCE IS THE ONLY WAY TO PROTECT YOUR FAMILY.
owenbuca 3 months ago
And more proof that Whole Life is great!!!!
aIprime1 3 months ago
Look how an former life agent treats people, Jgilles85 trolls youtube spreading bullshit. He is an uneducated fool with no class.
owenbuca 3 months ago
Term is actually insurance. Insurance protects you from a risk. Permanent life insurance isn't insurance at all, because you have a 100% chance of dying. Its simply overpriced final estate planning. My grandfather has paid over $40,000 in premium for a $100,00 Universal life policy. His cash value is currently worth $400. He would have been much much much better off investing that $40k in his IRA in even conservative mutual funds and fixed income.
DJNiexo 3 months ago
@DJNiexo Great post !!
owenbuca 3 months ago
@DJNiexo What most people don't understand is that EVERY UNIVERSAL POLICY WILL EXPIRE. As the premiums increase, they pull it from the cash value and you continue paying the same "out of pocket". Then one day youi get a letter saying pay $X a month or it will lapse (X being an astronomically high rate.) Buy term, invest the difference. As a Primerican, obviously I want you to contact your nearest PFS office, but if you find something better elsewhere, go for it.
Athletictrainer09 3 months ago
@DJNiexo Your grandfather is an idiot - what he's not telling you is that he borrowed the money from the policy to pay for the therapy your mother needs. permanent life insurance is the ONLY way to go long term. 98% of term expires or lapses prior to death - that's a 100% loss of all your premiums moron!!!
aIprime1 3 months ago
@aIprime1 My grandfather has never borrowed a cent from the policy. If you look closely at it, its a savings account with an auto-drafted ANNUAL RENEWABLE TERM policy inside of it. The insurance cost rises every year and if he doesn't increase his premium pay in, it drains the savings.
Put savings in an insurance policy that the company keeps when you die? Thats a 100% loss of all your savings. Buy term and save seperately so when your term expires, you are SELF-INSURED and no longer need it.
DJNiexo 3 months ago
@DJNiexo Your grandfather is a moron - you just sent me a note stating your moron grandfather blended term insurance into his Whole Life - you have the nerve to blame the Whole Life???? Idiot - it's the rising cost of the term that's killing his policy, the Whole Life portion would have been just fine but you listened to the morons on these sites who believe in term. Term is the most expensive form of life insurance when you get older, it HAS to be idiot.
aIprime1 3 months ago
@aIprime1 He didn't choose to blend term into his whole life. Its a UNIVERSAL life policy. That's what a universal life policy is. A savings account funded by premiums that they take fees and commissions out of and then an automatically renewable term policy. As you get older, the renewal periods on the internal term policy eventually decrease until its annual renewable term. THATS HOW ALL UNIVERSAL WORKS.
Let me ask you something, do you personally have a state insurance license? I do...
DJNiexo 3 months ago
@DJNiexo It's most likely he stopped paying his premium. If he had properly funded it he's have all his insurance. It's people like you and your grandfather who think they should get something for free and "skip" premiums that screw up these policies. Term on results in claims 2% of all policies sold, now that's a rip off. Your grandfather tried to get a way with one and failed - too flipping bad for him.
Termisexpensive 3 months ago
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@Termisexpensive You are 100% correct -
aIprime1 3 months ago
@DJNiexo As a former whole life agent aka " termisexpensive" I am so sorry for acting like an ass, I was blinded by all the money I make selling trash value policies.I applaud a company like Primerica that sells a term only product.
termischeap 2 months ago
What a dumb question - no one can answer until they know the client's "wants" it's that simple -
Termisexpensive 4 months ago
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
@aIprime1
As a current Full-Time Primerican, I can tell you that our new Custom Advantage life products (New as July'11) are very competitive on prices. I have found a few that are less than a dollar cheaper monthly, but NONE have the renew-ability, Increasing benefit riders, quality child riders that we have. Almost every other term product is designed to convert to permanent life at expiration. And do these companies have agents that do home visits, financial plans, and care about your future
xXLueDictatorXx 4 months ago
This has been flagged as spam show
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
This has been flagged as spam show
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
Why is anyone afraid of aIprime1's posts? No one can argue them? Why is term expensive? Because it's a product that almost never pays off, therefore it's pure cost. Acturially speaking you'd be better off betting on "Red" in Vegas, the odds are much higher for you.
Termisexpensive 5 months ago
@Termisexpensive account number 5 for you hey Mike.
owenbuca 5 months ago
@Termisexpensive why do you suck on alprimes dick ? I know it's impossible BECAUSE YOU AE THE SAME PERSON YOU FUCKING IDIOT .
jerkilles95 3 months ago
This has been flagged as spam show
someone is spamming aIprime1's posts - here it is - 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!!!
Termisexpensive 5 months ago
This has been flagged as spam show
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
This has been flagged as spam show
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
This has been flagged as spam show
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
Buy Term and LOSE the Difference is more like it!!! 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 why can't the family get both the face value and the savings when the insured dies?
owenbuca 5 months ago
@owenbuca They do you moron - get any inforce whole life policy and see the face amount of paid up additions!!! In fact they get about $3 for each $1 of cash value!!!! By life expectency you can expect more than 3X the original face amount. Thanks for the softball question!!!!
aIprime1 5 months ago
I have to agree that whole life is not the kind of product to "invest" in and it is very expensive insurance. Fortunately for the consumer, the "BuyTermInvestTheDiff" sales people have forced the insurance industry to create better products. The product of the day that solves the matter is called Guaranteed Indexed Universal Life, which covers the insurance and invest subject superbly and also answers the tax problems of investing in IRA or 401K investment vehicles where the taxes eat savings
camsevy 5 months ago
WHOLE LIFE IS CRAP!
rvpvalentine 5 months ago
So I did the research and it's true. Plus the S&P has done less than 2% over the last 10-15 years. In addition, according to Ibotson, the ave. investory since the '20s has averaged less than 4% in the markets, this is due to the emotion of pulling money in and out at the wrong times.
aIprime1 6 months ago
I've been told that permanent life insurance can do many things for people such as the following: Provide guaranteed death benefit for life, provide tax deferred build up of cash value and tax free access, provide a guaranteed return with no market risk, provide funds to "self complete" in event of sickness or disability, provdie tax free money for chronic illiness and terminal illness, provide tax free death benefit, no penalty for access prior to 591/2, no contribution limits, no income limits
aIprime1 6 months ago
I agree. I only sell term, 100% of the time, but I also create a gameplan for my clients and offer mutual funds along side of the insurance. I challenge anyone that believes in cash value to offer real-world, real client examples with numbers to prove me wrong.
DJNiexo 6 months ago
any salesman that will sell a family a cash value policy over a term policy is in my opinion not looking out for the best interest of their client.
htownvibe 6 months ago
I have a 35 year level term life policy and an aggressive growth mutual fund. In 35 years, do you honestly think I will even remember a one day drop? If the market continues to do as bad as it has the last 20 years, I'll still end up with a whole lot more money than the cash value of a life policy.
And lets not forget that if I die during that 35 years, my family gets the life policy AND my investments, not just one or the other. Still waiting on a rebuttal to that point.
DJNiexo 6 months ago
Market loses 635 points in one day!!!! How's the "Buy Term and Invest the Difference" theory going? LOL!!!
insurancemike10 6 months ago
Yes Term insurance is not meant as a permanent investment. It is only meant as a temporary solution in case you die before your assets build up. If you buy term, which is substantially cheaper, and invest separately in good mutual funds, you will end up with a whole lot more money. And If you die while your term policy is in force, your family will receive both your insurance benefit AND your savings, instead of just one. Whole/universal/variable/adjustable policies only give you the insurance.
DJNiexo 7 months ago
That same client with her Northwestern Mutual Policy: If she kept her original cash value policy, her cash value would eventually reach $200,000 on her 100th Birthday. Read your contracts. What sounds like the better deal?
DJNiexo 7 months ago
If you believe cash value life insurance is the way to go. Please convince me. I want to see cold hard numbers written on real contracts that prove benefits over Buying Term and Investing the Difference.
DJNiexo 7 months ago
For the same $200 a month, which sounds like a good deal and which sounds like a rip off? Paying your whole life for two things, like insurance and a savings account, and in the end only getting one sounds like a frigging rip off to me. Anyone that argues 'tax advantages' to investing with permanent life policies simplidy needs to look at Roth IRA accounts. Look up Dave Ramsey or Suze Orman. Both will slam cash value life insurance.
DJNiexo 7 months ago
We got her in a 30 Year Term policy for $450,000 death benefit for $86.72 a month. We invested the difference of $114/month into her Roth IRA in good growth stock mutual funds. When her term life policy expires, she will have $420,000 in CASH in her savings. If she continues to invest and follow our plan, she will have $1.8 Million for her retirement.
DJNiexo 7 months ago
You have to borrow money from the insurance company and pay them interest on your own dadgum savings to use it.
3) Buy Term and invest the difference.Real-Life Client here in Knoxville, TN had a Northwestern Mutual Adjustable Life Insurance policy. She paid $200.86 a month for. She had a death benefit of $200,000. She currently had just over $6,000 in cash value in the policy.
DJNiexo 7 months ago
Dear God. Has anyone actually read a Whole Life insurance contract? Seriously, go read one of those things!
1) You're Buying permanent life insurance, right? So you're planning on dying one day, right? Well guess what happens to your cash value when you die? That's right, the insurance company keeps it as profit. Go read your contract. It is in there.
2) The only way to actually use your cash value? Take out a loan against it!
DJNiexo 7 months ago
I truly believe that whole life insurance is far superior to term. I have built a b usiness managing the cash values in my whole life policies.
kermitgator 8 months ago
1 million in a death benefit is NOT better than 1 million and all of my savings invested in a better plan. You can't cintrol the money in a permanent insurance policy. I dont like that!
cthun2970 9 months ago
Here's the simple question the Primericans won't answer - Who is better off financially - Person A with $1millon or Person B with $1 million and $1millon of permanent insurance paid up?
SuperLifeguy 9 months ago
@SuperLifeguy dad dies........whats better 50k of trash value or or 300k of term? I will wait forever before you answer.
probslpwtyormama 9 months ago
@probslpwtyormama
what if Dad's 300k expired, what would you rather have. 50k or nothing! how about both
shouldsleep1 8 months ago
@probslpwtyormama
what if Dad's 300k expired and he couldn't get another, what would you rather have. 50k or nothing! how about both
shouldsleep1 8 months ago
@shouldsleep1 THATS EASY, DAD NOW HAS A BUNCH OF MONEY INVESTED PROPERLY.
probslpwtyormama 8 months ago
@SuperLifeguy it has been 3 weeks since probs asked you a simple question,I will answer for you ok.you don't seem to know the answer.THE ANSWER IS 300K OF TERM IS MUCH BETTER THAN 50K OF WHOLE LIFE.
jerkilles95 8 months ago
Notice how SuperLifeguy never responded to your answer, probslpwtyormama? It just shows that these morons really don't what they're talking about. It's best to dismiss them and continue moving forward. Leave them in their own dust
bluelite7x 8 months ago
@bluelite7x IT is sad, all they do is BLAH BLAH BLAH, when asked simple questions (that show they lie and have no clue) they will no,or can not answer.hell all jgilles85 does is call people names( when he is not copying Id's)
probslpwtyormama 8 months ago
@probslpwtyormama: You mean fakejgilles who also copied my name?
jgilles85 8 months ago
@bluelite7x: Yes I agree. That's why I've posted much less over the last 3 months. These CV agents are dumbasses and just don't like PFS because we run their crooked asses out of business. Hence the fake me who lost his licenses for fraud!
jgilles85 8 months ago
in 100 years
DeTriniKowKilla7 9 months ago
whole is the most expensive pissoff tranaction anyone could make if they want to cause any form of injury to clients
DeTriniKowKilla7 9 months ago
Wow - Now I'm reading that these Primerican jerks are claiming they can earn 30 to 40% on their investments!!! Wow isn't that grand of them!!! If anyone knows of any investment that does this please tell us!!! LOL - incredible - People - I sell insurance, tons of it. And I actually sell mostly term, but when I sell term I get the cient the right product. Trust me primerica does not gave the right products - it's too expensive and not guaranteed for the full term.
SuperLifeguy 9 months ago
Get some credibility,YOU HAVE NO LICENSES TO DO ANYTHING, you have not answered any of jerkilles questions.
probslpwtyormama 9 months ago
what does surrender charge mean? never mind i forgot you are not licensed therefore YOU HAVE NO CLUE.
probslpwtyormama 9 months ago
I actually know who jgilles85 is, he was taking out the garbage in the back alley shooting up and sucking on some guy's dick.his name is Mike wodoggy.
jerkilles95 10 months ago
Comment removed
probslpwtyormama 10 months ago
@probslpwtyormama Probs - Funny toolboy - aren't you the guy who stated UL for a 30 yr. old for $1 million is $1,400 when it's only $25o to $600 per month? Then you took $1400/month and said in 30 years you could accumulate $5 to $8 million - now now - that would take a linear 12.49 to 16.+% return each and every year. Funny but you didn't deduct the term premium either, making your math even more unrealiable!!! Schooled!!!
Jgillie85 9 months ago
You are so simple. I am about to go to my office, turn my own key and run my own primerica business. So what the hell are you speaking about. Like any sensible company, Primerica is designed for those who stay. So you have to qualify for ownership. You qualify for ownership as an RVP and execute ownership at the SVP level to be correct. You can't take clients with you But I can sell my book of business for 8 to 10 times of the income it generates. For a $99.00 investment, you cant beat it.
rvp1focus 10 months ago
@rvp1focus I left your criminal organization months ago and could not be happier. Did you know your product is portrayed as a 30 yr level but ONLY guarts. 20 yrs? Or that the fee to pay montly is 14% of the base premium? or that you won't renew policys for insureds 45 or older? Or for face amts $1 million or more? Or that you use unisex rates which penalizes females and the result for males is still expensive when compared to other higher featured policies? And you ONLY pay 25% to the agent?
Jgillie85 10 months ago
NEVER TAKE ADVICE FROM AN NON- LICENSED Life agent AKA JGILLES85
probslpwtyormama 9 months ago
@rvp1focus On the contrary, a book of business is only worth what someone is willing to pay for it. The fact that you have claimed you can sell your book for 8-10 times its revenue stream tells me you've never tried selling it before. Ask yourself this: if you were the buyer, would you purchase it? Or, would you try to bring the price down to something more reasonable? Would you be willing to wait 8-10 years to get your initial investment back, and only then start to make money? Nuh uh!
probsIpwtyormama 10 months ago
@rvp1focus Your way of saying that Primerica is designed for those who stay is a sneaky way of justifying delayed remuneration and the extreme leverage that's placed on new recruits. Your statement is misleading at best.
RVP1focus, have you had a chance to see what kinds of opportunities an insurance brokerage could offer you? The fact that you talk about your $99.00 investment being unbeatable tells me you have not done your homework in this area either.
probsIpwtyormama 10 months ago
@rvp1focus the probs you have been posting to is actually........A janitor at guardian, his name is jgilles85, he has coppied my user name on here.It's ok he has been reported to a few different entties, thats how i found out about him being a janitor.He also goes by the names WODENDOG,MIKEY,SUPERLIFEGUY, AND A FEW OTHERS.
probslpwtyormama 10 months ago
Primerica = Scam. Plain and simple. Why? They claim that you are running your own business, but this totally untrue. Read your contract very carefully, Primericans. It explicitly says that if you ever leave the company (quit, retire, get fired), you cannot take your clients with you. They become the sole exclusive property of Primerica. Which means you are NOT running your own business.
Only at the NSD level and up do you truly run your own business. Don't believe it? Read your contract.
jgiIles85 10 months ago
You say that you were a former primerican and primerica is a scam. Well, I know for a fact that Primerica Is NOT a scam. I also know that you are a little light in the head. Every sensible person knows what the investment market does. The company is speaking of an average annual rate of return over a certain time period. Do you even know what an average is?? Now that you have left the company please stay gone. I am sure the company is better without you.
rvp1focus 10 months ago
It's clear that there is many on this site who have no clue how Whole Life works. WL is by far the most cost efficient way to purchase life insurance for the long term. You can not purchase term if you expect to have a Death Benefit when you die - assuming you die around your life expectancy which for most is about age 85. Term offers lower premiums up front but the premiums become very expensive, actually multiple times higher that WL and hence why 98% of term NEVER results in claim.
insurancemike10 10 months ago
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It's clear that there is many on this site who have no clue how Whole Life works. WL is by far the most cost efficient way to purchase life insurance for the long term. You can not purchase term if you expect to have a Death Benefit when you die - assuming you die around your life expectancy which for most is about age 85. Term offers lower premiums up front but the premiums become very expensive, actually multiple times higher that WL and hence why 98% of term NEVER results in claim.
insurancemike10 10 months ago
I was thinking of getting Whole Life before watching this video. After watching it I will definitely NOT get Whole Life and go with Term.
tdolz 10 months ago
@tdolz IT depends on where your at with life and finances. Whole life is better in the long run by far. However if you dont hv the money for it get term for the short run to protect your family.
xmanrules2001 10 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 You're the man!!! After leaving Primerica and researching the truth I can state that you are 100% correct.
Jgillie85 11 months ago
Search "Suze Orman and Dave Ramsey Discuss Bank On Yourself" to see the truth
Jgillie85 11 months ago
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
@IllegalMichelle: You dumb bitch every WL policy shows that the CV is always less than the premiums paid, and if it were more the gain would be taxed!! OMG you're stupid!!! The IRS website even says that Cash Surrender Value can not exceed the net premiums for it not to be taxable. Can't tax a loss: DUMBASS!!!!!
jgilles85 1 year ago
@jgilles85 I keep reading and you keep sounding dumber - hint - NOTHING can be taxed unless the value exceeds the dollars in, you have proven absolutely NOTHING - Once the CV exceeds the premiums the "gain" still grows tax deferred - ever hear of TEFRA? If you should surrender the policy you'd be taxed on the gain - but if you are smart you can surrender your basis (premiums paid) and then once that's gone you can take your gain as a loan against the DB and therefore comes to you without taxes.
Jgillie85 1 year ago
@Jgillie85: Oh that is good! Not!!! You say I keep sounding dumber? So to avoid paying taxes I will borrow my own money and pay more in interest then I will in taxes. Oh ok DUMBASS!!!!
jgilles85 1 year ago
@jgilles85 So once again you prove how dumb you are - EVEN if has you state the loan rate is 6% how can that be possibly more than a 30% tax rate? You really are as dumb as all the others state!!! PS - the loan rate is a net zero!!! Asswipe!!! Schooled!!!
Jgillie85 1 year ago
@Jgillie85: Actually dumbass you're wrong again!!! The tax is on the gain in the CV is 30%. The gain is very minimal. A loan on the other hand is the entire CV you're borrowing and is not net 0% asswipe, it's 7%. So 30% of a $5,000 gain is $1,500 you pay in taxes. 7% of a $50,000 CV loan is $3,500 you pay in interest. Which ones bigger? The loan you peice of shit!!!
jgilles85 1 year ago
@jgilles85 You are do dumb - all WL are at either zero cost loans or at worst 1% - still far better than paying tax on the huge gains. You quote from policies issued 50 years ago - time to get into 2011.
Jgillie85 11 months ago
@Jgillie85: No dumbass those are current policies! Oh and btw I want to congragulate you crook. Know why? Today I reported your stupid ass to YT for impersonation and an investigation will soon be on the way!!!!
jgilles85 11 months ago
@jgilles85 I'm laughing my butt off - do you really think there is someone on YT that really cares about you and your sign in? If they did they would not have allowed anyone to create and ID that resembles yours. You really are that dumb!!!
insurancemike10 11 months ago
@jgilles85 I think the two you are the imposters. Is YT going to kick you all off? I was here first, since 2008, it's very clear on my channel.
Jgillie85 11 months ago
@IllegalMichelle: You really are an illegal crooked agent!! The loan is not zero cost. Also why don't you explain why it's tax free to take out the CV? This should be funny.
jgilles85 1 year ago
@jgilles85 I can answer - it's called IRS code 7702(a) which allows for the cv to grow tax deferred. Look it up moron!!!
Jgillie85 1 year ago
@Jgillie85: Ok dumbass I did look it up and here's what it says: A contract meets the cash value accumulation test of 7702 if, by the terms of the contract, the cash surrender value of the contract may not at any time exceed the net single premium that would have to be paid at that time to fund future benefits under the contract. In other words it is not taxed only because the CV doens't exceed premiums paid. You can't tax a loss you idiot!!!!
jgilles85 1 year ago
@jgilles85 So you really are that dumb? Are you? ALL CV policies will exceed basis - fyi basis mean cummulative premiums paid - why are you so dumb? Why do you keep proving what an idiot you are? please why? really did you graduate junior high?
insurancemike10 1 year ago
Once again peolpe must educate themselves. you cant use whole as a retirement fund. you will be tax. An IRA is the way to go. Look up Suze orman and dave ramsey for life insurance. This guy has no clue what he is saying
alki1003 1 year ago
@alki1003 Really - so you are stating an IRA isn't going to be taxed but life ins. will? Are you for real? Dollar 1 from an IRA is subject to tax. With life ins. you can take out your cumulative contributions with no tax. Then you can take a zero cost loan against the DB for the rest without tax. You have no clue!!!
insurancemike10 1 year ago
@IllegalMichelle: You better hope you don't run into Primericans! Especially me, cause I'll take you out with ease!!!
jgilles85 1 year ago
Here's the deal - If you need term don't let anyone show you just one company - get multiple quotes. I used to sell for Primerica and I was required to sell just their term. However, when I did my research I discovered how bad the product is. It's overpriced, especially for females as they use unisex rates, they charge 14% of premium for the right to pay monthly, They won't guarantee renewals for face amts of $1 million and their terminal illness benefit is weak.
Jgillie85 1 year ago
@Jgillie85: Here's the deal-You are a fake and an idoit that has no clue how insurance works!!!
jgilles85 1 year ago
@jgilles85 no you are the fake, I've been on this far longer than you
Jgillie85 1 year ago
@Jgillie85: Prove it pussy! Can you? I can!!!
jgilles85 1 year ago
@jgilles85 So you can prove all the bad things said about the Primerica policy, good for you!!! I don't run into the Primerican's as they prey on the lower class and uneducated.
insurancemike10 1 year ago
@IllegalMichelle: You are the Queen of lying!! You're the idiot that's too stupid to even read a policy!!!
jgilles85 1 year ago
@IllegalMichlle: Hey asshole it's about time you posted with your actual name again, instead of Stupid or fake me! Our rates are not much higher than the competition you dumb fuck, as you lie and make up everything you say! As far as your video goes, a 2 year old could have made a better video!! You are the one who is as dumb as they get you peice of crap!!!
jgilles85 1 year ago
@jgilles85 Your rates are expensive and that's a fact - stop lying
insurancemike10 1 year ago