Great vid..people should have 8-12 times in coverage of their gross annual income. Theres no way you could convince me that only 60% need term ins. That means that 40% of America makes well into the 6 figure income. What America do you live in pal?
@aladdin4him What planet do you come from? If you make $100k and ONLY have $1.2 million how did you protect your family? At 4% you could ONLY pull out $48000, that delivers the family to disaster!!! Assuming this person is 35 they would qualify for 25x their income!!! So if the insurance company is willing to write $2.5 millon why would you get less? Remember insurance replaces the economic loss of the item being covered. And oh, 4% of $2.5 million = $100K - Got it!!!!
Anyone who generalizes what people need are not in the business. You can't possibily determine what people need without sitting down with them and listening to their wants and needs. Does term come into play, sure to cover short term needs and hence it's name, does perm come into play, sure for permanent needs - some have perm needs and some don't. If you are dealing with weathly 6 figure clients the need for perm is generally more present but one can't assume like so many on these sites do.
astroman you are wrong 90 percent need term there are about 10% of people in the u.s are rich or wealthy everyone else are either middle class or poor.
Term is not a waste of money, it's just not always best for every person. Also, never listen to Astroman30, he literally knows nothing about life insurance.
Cash Value??? oh you mean that lousy 4% it gets? That's less than the rate of inflation.
Sorry, I only purchase insurance for INSURANCE - not investments. Whole/cash/variable policies are garbage. Check out Suzie Ormon, Dave Ramsey, Smart Money, Jim Cramer and Consumer Reports. They all say what I'm saying: Stay away from wl policies.
BTW, Jgillie85 is an imposter. If you click on his username, his profile says "channel not available." Don't listen to anything he says.
yoranasshole 6 months ago
Great vid..people should have 8-12 times in coverage of their gross annual income. Theres no way you could convince me that only 60% need term ins. That means that 40% of America makes well into the 6 figure income. What America do you live in pal?
aladdin4him 1 year ago
@aladdin4him What planet do you come from? If you make $100k and ONLY have $1.2 million how did you protect your family? At 4% you could ONLY pull out $48000, that delivers the family to disaster!!! Assuming this person is 35 they would qualify for 25x their income!!! So if the insurance company is willing to write $2.5 millon why would you get less? Remember insurance replaces the economic loss of the item being covered. And oh, 4% of $2.5 million = $100K - Got it!!!!
Jgillie85 10 months ago
Anyone who generalizes what people need are not in the business. You can't possibily determine what people need without sitting down with them and listening to their wants and needs. Does term come into play, sure to cover short term needs and hence it's name, does perm come into play, sure for permanent needs - some have perm needs and some don't. If you are dealing with weathly 6 figure clients the need for perm is generally more present but one can't assume like so many on these sites do.
Sternfil 1 year ago
astroman you are wrong 90 percent need term there are about 10% of people in the u.s are rich or wealthy everyone else are either middle class or poor.
xxxKDAYxxx 2 years ago 2
I AM FLAGGING THIS VIDEO AS ...HARMFULL.if you take this advice you are doing harm to your family.
banterking11 2 years ago 4
Term is not a waste of money, it's just not always best for every person. Also, never listen to Astroman30, he literally knows nothing about life insurance.
wodendog 3 years ago
Wonderdog.......60% of the population only need term.
astroman30 3 years ago
Comment removed
CRT193 3 years ago
Cash Value??? oh you mean that lousy 4% it gets? That's less than the rate of inflation.
Sorry, I only purchase insurance for INSURANCE - not investments. Whole/cash/variable policies are garbage. Check out Suzie Ormon, Dave Ramsey, Smart Money, Jim Cramer and Consumer Reports. They all say what I'm saying: Stay away from wl policies.
astroman30 3 years ago
I'm a Canadian life insurance broker, and have to complement you on your thoroughness and accuracy of this video. Well done.
getpoked 3 years ago