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!!!
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!!!
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!!!
And those that have been investing for the last 11 years have returned "on average" below 1% - and the average investor in any 20 year period from the 1920's on has done less than 4% - only a few do better - look it up, google Ibotson or the Wall Street Journal Article title - Why Investors May be Fooling Themselves. These are facts
Insurancemike10 is a desperate Trash Value agent. The Market loses 635 points, therefore "Buy Term and invest the difference" doesn't work. Am I the only one who can see through his terrible logic?
who invest for just one day ? if u look at the bigger picture the buy term and invest the difference theory always out perform whole life insurance... excp. for people that pull their money out and they would be boorrowing their cash value anyways so it would still be better .....
@StupidLieguy: What a stupid question from a stupid dumbass!! Obviously paid up insurance costs a lot more then other types, so the same person would have more cash without the paid up insurance. Dumbass!!!!
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?
answer(sorry for the break) it is dependant on the persons financial situation, isnt it? Decreasing responsibility suggests that a person doesnt NEED insurance at that age. You cant eat insurance, you need MONEY for food! Insuance is a BAD WAY to grow money for retirement.
I see no one can truthfully answer the question - this is exactly why term insurance - in the long run - is the worse financial product you can possibly own. Thanks all that were too afraid to answer my very simple question!!!
@SuperLifeguy This is because most don't understand the benefit of having a death benefit to protect your assets whil you are alive. Having this allows you to spend your assest as you see fit without having to worry about your surviving spouse and children. It's basic economics which is something my former associates at primerica can't understand and are never educated about. All they are told is to replace insurance with their expensive term.
To repeat question - Person 1 & 2 both have $1,000,000 in cash - both are age 65 - Person 1 bought a 30 year term which just expired, Person 2 has a paid up whole life policy of $1,000,000 of DB - who is financially in a better position? Just answer the question!!!!
Person 1 & 2 both have $1,000,000 in cash - both are age 65 - Person 1 bought a 30 year term which just expired, Person 2 has a paid up whole life policy of $1,000,000 of DB - who is financially in a better position? Just answer the question!!!!
@SuperLifeguy: Person 1 & 2 both age 35 bought $1 Mill LI Policy: Person 2 bought WL - Person 1 bought 30 yrs terms & invest the different. @ age 65 - Person 2 still has WL policy & the guaranteed CV less than $500K. However to access this CV, person 2 has to borrow and paying interest using his/her own money. Person 1 will have investments well over $2 Mill - Who needs LI at this point. I think the surviving spouse can live well with over $1 Mill after tax. You are "Dumber than Dumbest"
@bmlm6969 So you are this dumb - please tell my how much you are investing and at what rate to get to $2million? And you have yet to anwer the question - both have $1millon, who is in a better place? the one with or without the insurance? If you can grasp this concept then and ONLY then will I address any of your absurb and baby responses. Did you take economics in school? or did you just take shop class?
@SuperLifeguy : #1 - How much does it cost to insured 35 yrs old non-smoker $1 Mill WL policy? I'm sure ain't cheep may be around $1100 to $1300 per month. 30 yrs term cost around $175 to $200 per month. So if you take the different of $1000 per month & invested in MF (ie. Dollar-Cost-Averaging Strategy) @ 10% to 12% average ROR annually . . . That is how you get $2 Mill at age 65. So the question is "Did you take economic in School"? If you did must have been bad school!!!!
@bmlm6969 Answer the simple question and then I'll address you stupid points, who''s better off? See you are blind to the question which clearly indicates you can't be taught about how money works. If you can answer my simple question I can begin. Are you willing to at least answer the question?
@SuperLifeguy : So I guest WL policy is a perfect for "Dumb Ass" like you. The other things is I rather take shop class and have over $2 Mill cash than take economic in school and stuck with $1 Mill WL insurance.
Simple word: Cash Value or may I say "Trash Value" policy is just like 1+1=1. Policy holder paying for both insurance & savings but they never get both if the insured person dies, his or her beneficiary do not receive DB+CV, only receive the DB.
Buy Term and Invest the Different, if the insured person dies, his or her beneficiary will get both DB+The Investment (1+1=2). Conclusion: 1+1=1 is pure "SCAM".
Dividend payment in CV policy is nothing more than refund of overcharged premium.
@bmlm6969 That's completely false - 1. the death benefit INCREASES so you in fact get the cash with the DB. BTID - they won't get the death benefit becasue 98% of ALL term lapses prior to death - and the "investment" is most likely taxable, reduced by fees and the return will be less that 4% as that's what the ave. investor does over time - google Wall Street Journal article - "Why Investors May Be Fooling Themselves" - Are you going to argue against the WSJ? Fool
@SuperLifeguy : #1 - If you read the contract in traditional WL, the insurance company only pays the DB it doesn't mention DB plus CV . . so if they don't say it in the contract . . you don't get it. #2 - WL is endowment to age 100, therefore the CV=DB at age 100. So if 30yrs old person taking a $250K WL policy, it will take this person 70 yrs to accumulate $250K his/her CV. I rather pay 40% tax on $1 Million capital gain & I don't have to wait until age 100 then $250K tax free at age 100
@bmlm6969 You may be dumber than your post indicates - 1. Take a look at any inforce statement on Whole life that it will show you how the death benefit drew by the purchase of paid up additions - that's referenced in the dividend section of the policy. 2. Whole "endows" at age 121 - BY LAW but your DB - this is NOT a bad thing as your will have 5x the original face for your family tax free. 3. You accumulation calcs are ONLY based on the Guaranteed CV - which you make a nice arguement for WL.
@SuperLifeguy You're sounding like "Double Dumber". Dividend in life insurance actually is refund of overcharged premium & the policy holder can choose 1 of the dividend options. How many people do you know lived to be 121 years of age? I would rather enjoy my Moneyyy while I still have the energy doing thing in life. Comparing apple to apple, the investment outside LI worth more than double then DB over 30yrs period @ 8% ROR. No longer need LI. U low life WL insurance agent!!
@bmlm6969 So it's clear you are extremely dumb - 99.9% of policyholder apply their dividend to the purchase of paid up additions, and hence the increasing death benefit and 5% tax free return to the client for use however and whenever they wish. Who said anyone had to live to 121, are you this dumb, Really!!!! PS - 8% netted down for fees and taxes would return less that 5% - hmmmmmmmmmm!!!!! PSS - Term expires and 98% never results is claim. I have a very simple question for you, see next.
Mr. Gillie says that I'm lying. Don't take my word for it then. See what Dave Ramsey and Suze Orman have to say about Whole Life Crap. BTWMr Gillie You are an elitist and a pompous ass. The way you put down individuals is an insult to hardworking people who struggle to make an honest living.
Lies? Mr. Gillie? So I guess it's a lie that the death decreases when you take money out of Cash value. Once again CASH VALUE IS NOT YOUR MONEY. You don't have to pay it back but it lowers your death benefit because the life insurance company want's their cash value back.
Mr.Gillie your obviously a bright young 26 year old man . But you lack decorum in your people skills. Maybe you need more formal education to learn how address inteligent people like yourself.
to all hardworking people CASH VALUE IS NOT YOUR MONEY. If it was then why would would you have to put it back with interest after you borrow from it ? Why does a portion of it removed from the Death Benefit when you die before 100 years of age?
Mr. Gillie about roth Ira the max you're allowed to make $120,000 a year as a single filer for 2011. pretty good money. you all insulted all people who have roth ira's about thier lack of formal education. why do you do this ?
@edsvids Are you as dumb as your post indicates? Why the lies? People the CV is your money and here is how you get it - first you withdraw all your basis - what you put in - this comes out tax free - remember your money is growing without taxation - then once you've hit your basis you "borrow" it out - why borrow? Think of a home equity loan - do you pay tax on that? NO - Same theory - You borrow - at a NET rate of 1% or zero depending on policy - so you don't pay tax - simple.
@edsvids as for $120k - if you live in NYC and make that you are not very successful - sorry dude but that's a fact in the real world of big citys - $120k and you are eating cat food. FACT
what do you mean you have me kid? who do you think I am some 26 year old like yourself? I've made more money in one day than you'll make your whole life...and guess what it's all mine NOW,not when I'm 100 years old and too limp to enjoy..Your comments are valid at all fronts regarding GCV but do me a favor school us on the whole truth not just half...I got the same license you have sir.
And one more the my GUARANTEED CASH VALUE WAS a little over 1000 dollars after 6 years of "investing" 150 dollars a month for 6 years. I would've been better off putting my money in a bank passbook savings @.25% ,at least I would've had over 12,000 dollars that would've been all mine . But that would've been dumb according to jgillie85.
@edsvids Now I have you - see the Guaranteed CV of ALL WHOLE LIFE contracts MUST by LAW and DESIGN increase, your GCV after 6 years would have been at LEAST $6k and your CV with dividends would have been about 8500 total - had you continued with it your GCV would be increase greater than your premium of $1,800 each year so in reality you would of had a zero cost transaction for the insurance - but go ahead and enjoy the worthless and expensive term you have - great move - LOL!!!
Yeah!! You get the cash value when you're 100 YEARS OLD !!!! So let's see I had a whole life policy for 100K @ $150 of monthly premium. it was replaced by my Primerica agent who gave me a term policy for 1 million dollars @ $240 monthly premium. So for $90 more I got 900k of more coverage, hmmm. Not to mention my roth ira will be worth 1.3 million dollars when I retire in 15 years. That's TAX FREE @ 10% rate of return. I can start enjoying that money when I'm 60 instead of 100. And I'm dumb.
@edsvids YOu are dumber than most my friend - 10% return in your ROTH? Where is that coming from? Don't quote me some bs about average rate of returns - it's all BS - the average investor earns less then 4% - And since you are of an income that allows for ROTH I'm quite certain you lack any formal education. So best of luck. PS - that term you bought from Primerica - have you done the math on it? You are paying 14% charge to pay monthly and you could have gotten a term about 20% cheaper.
This "borrowing" would be taken off the Death Benefit when you die. Now let me ask you, can you spend your Death Benefit on Term? NO you can't. What happens after the initial level term period? Your rates go to an Annually Renewable table - these rates will in far excess of what you'd pay for Whole Life - So do you want a product that you won't be able to afford as you get closer to death? or do you want one that will return you 5% tax free and triple your DB? That's Whole Life!!!
"SMART" people like jgillie85 forget to tell you that...WHOLE LIFE IS A SCAM AND HAS BEEN RIPPING FAMILIES OFF FOREVER !!!! CASH VALUE IS NOT YOUR MONEY. IT'S BEEN PERPETRATED AS A SAVINGS. BUT WHOSE SAVINGS IS IT REALLY? YOURS OR THE INSURANCE COMPANY? Enough said..I'm willing to bet my house that Jgillie85 doesn't own a whole life policy. If he does then he's a very dumb person.
@edsvids You are right - I own several!!! The cash is completely yours and it is even listed in the policy - there is a clear table of guaranteed Cash Value, plus each year you get a statement which shows your TOTAL CV which includes dividends. And it all grows without taxation - what's even better is you can take out up to what you put in with no tax. Then if you want more you can "borrow" from the policy at a 1% net or 0% net rate - depends on carrier - because you "borrow" there's no tax.
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.
@edsvids You sould like a very dumb person. Whole Life DB increases each year as the dividends go back into the policy to purchase Paid Up Additions - these additions increase the DB - by life expectancy you can count on about 3x the original face amount. By policy year 3 to 5 you can also expect your GUARANTEED CASH VALUE to increase greater than the annual premium paid. See if you actually know what you are talking about you can sound smart like me!!!
Whole life agents forget to tell you that the cash value never exceeds the amount of the death benefit. Oh, by the way when it does equal to the amount of the death benefit the company writes you a check for that amount and you can start enjiying your life. Only problem is you have to wait till you're 100 years old to get that check.
@edsvids: Actually, WL agents do tell clients that CV does not exceed DB. It's on all the illustrations. The question is, do those who rally against WL tell others that WL DB increases over time? It's virtually never mentioned by those that bash WL on youtube. There are one of two reasons for this: 1) they don't actually understand how WL works or 2) they know how it works but misrepresent it.
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.
This guy is so wrong. The information is misleading. He also left out lots of important info as well. Don't buy whole life or universal life. They are ripoffs. You are better off buying term and keeping savings separate. When you retire, you should have no need for life insurance when you have lots of savings. Learn more at finance1o1 . blogspot . com (remove spaces)
Whole is great - if it wasn't why would the IRS restrict the amount of money you can put into it? Hmmmm maybe it has something to do with the tax benefits?
*********They pullled my previous comment about calling out & DESTROYING "Jgillie85" (The imposter who talks out of his ass about how great CV WL insurance is). It was TOTAL PWNAGE. He is my bitch, now & forever!!! hahahahahaha.... Which means 1 ot 2 things. 1. This is his channel & or 2. I embarrassed him so bad that it made any & every CV insurance guy on YouTube cringe, so the people at lifeinsuredotcom deleted it. Which would make them douchebags who are PRO CV WL insurance*********
@Sideler74: Life Ins.com is a bunch of douche bags!! They deleted my comment too, where I said that jgillie is an idiot for saying that you didn't list a single company that sells WL when all companies do!! (Accpet for Primerica) He also said that you didn't list a single mutual company, when you did because All State is a mutual company!! What's the matter LifeIns.com does the truth hurt? Are you that afraid of Primericans that you have to delte our comments? You're a bunch of pussies!!!
@Jgillie85: Oh wait now what are you going to change the subject to? You talk in circles. You & your industry have been involved in BILLION DOLLAR class action lawsuits for "deceptive sales practices". You guys were caught LYING to your clients on how your CV WL ins products. It's a well know fact that you CV WL agents push a very bad product for the consumer however it is very good for you. PFS is never going to go away & the more you sell CV WL policies, the more you are prospecting for us.
@Sideler74 Answer us this - if banks, large corporations and college endowments are the biggest purchasers of Whole Life insurance then why would it not be good for the general public? Hmmmm!! Just open up any bank balance sheet and see the millions they own in CV, not including the DB amts. Got Cha!!!
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.
i will post Jgillie's post - someone keeps spamming them - When buying life insurance be sure to consult with a true insurance professional. Seek someone who is not with only one company and who had credentials like CLU and ChFC - also look for someone with a Series 7, if they only have a Series 6 they can only sell you variable life and annuities and mutual funds - clearly this limits what they can do to help you and creates a bias towards the products they can sell. Hope this helps
When buying life insurance be sure to consult with a true insurance professional. Seek someone who is not with only one company and who had credentials like CLU and ChFC - also look for someone with a Series 7, if they only have a Series 6 they can only sell you variable life and annuities and mutual funds - clearly this limits what they can do to help you and creates a bias towards the products they can sell. Hope this helps
When buying life insurance be sure to consult with a true insurance professional. Seek someone who is not with only one company and who had credentials like CLU and ChFC - also look for someone with a Series 7, if they only have a Series 6 they can only sell you variable life and annuities and mutual funds - clearly this limits what they can do to help you and creates a bias towards the products they can sell. Hope this helps
@JoshRVP: No it goes back to the company & it offsets their payout. Example: $150K WL Policy w. $25K of CV built up inside the policy & the insured dies without borrowing/using any of the CV. The beneficiary should get $175K, right . WRONG they only get $150K. The insurance co. keeps the 25K in CV. The Ins co's. loss is actually only $125K & not $150K. Wait what am I telling you this for judging by your name you're an RVP already. You get it. It's the CV Whole Life agents who cry foul about it.
@Sideler74 You are really that dumb???? first and foremost the term provider keep your premiums and you never recover them. Second, the DB never increases as it does with whole life. 3rd. the db grows to 3x the original db at life expectancy so in FACT you get it all back . You need more research my friend!!!
@SuperLifeguy: Call the 1-800 # on the back of YOUR policy & ask the represenative for the Ins Co. "Is the CV gauranteed when I die?" - "Is my beneficiary entilted to the Insurance policies CV in the event of the death of the policy holder?" Watch what they say, lol. Ya see CV WL agents can say whateverthefuck they want to you when they are selling you a policy laced with bullshit CV, The reps on the 1-800 # cannot lie. THEY HAVE TO TELL YOU THE TRUTH. Try it... I dare you, lol
@Sideler74 You are really proving what an idiot you really are!!! The CV in the policy has already purchase Paid UP Additions that increases the original DB far beyond the face plus CV - nice try but you are lying to the clients you speak to!!!! Wow are you dumb!!!
@SuperLifeguy: Q: Is the CV gauranteed? A: NO However you guys sell it to your clients & say that the "CV is gauranteed". I've seen it many many times. Then I call the 1-800# on the back of your clients policy with them sitting right there (on speaker phone) & they hear the truth. They then flip out when they see that they have hardly any CV in their policy & often times it's 10+ years old. REG 60 in NY discloses all this,. & you guys wonder why you're losing clients to PFS, lol next...
@Sideler74 You are a moron - the policy, every wl policy, has a table of guaranteed cash values. It's actually registered with the states when the insurer seeks product approval. You are an idiot!!! Dividends are not guaranteed but any mutual company, Guardian, MASS, NYL, Northwestern......all have NEVER missed paying a dividend. You are so full of it, nice try.
@SuperLifeguy: I'm a liar?? LOL You do realize that PFS was created because of CV WL insurance salesmen (like yourself) lying to their clients, right? I mean if you guys weren't so fucking shady in your business practices & how you sell your product PFS wouldn't exsist. You are aware of that, aren't you?
@Sideler74 Primerica is in the business of preying on lower class households and selling them on overpriced term. You and your kind don't play in my markets. Let me ask you this, why is it that banks, medium to big businesses and college endowments are the LARGEST buyers of Whole Life? Hmmmm maybe they know something!!! Moron!!!
@SuperLifeguy: Yea that's the ticket, we prey on lower class housholds that have no money. lol That's why we are the largest selling team (in terms of $) of Mutual Funds. I've replaced many CV WL policies of people who make $300K -$400K a year. I've also set them up in proper retirement accounts, be it IRA, SEP, variable annuity & or 529 plans for their kids. BILLION $ Class Action Lawsuits against CV WL insurance co's are well documented. Most everyone already knows about you & your dying breed
@Sideler74 I live the the $400k+ market and trust me the typical Primerica agent would not do very well there. I've seen all your tricks and lies and anyone with half a brain can discredit everything you misrepresent. Go away fool
@insurancemike10: That's funny you've seen our "tricks & lies?" More like we expose your tricks, lies & BS double talk. Man, I used to LOVE Agent to Agent meetings @ YOUR clients home. The moto was: If I was lying expose me... Back in the day, you guys used to show up to that, what happened? Got your teeth kicked in too many times? Ah yes another client thanks to their two bit theif of a WL insurance agent who didn't have the balls to show up & prove me wrong. You guys are spineless crooks. LOL
@Sideler74 As are recent former Primerican I can tell you are lying - I've been too way too many one on one meetings in which my RVP attended with the other agent and we walked out with our tales between our legs. Each agent exposed our product as one of the more expensive in the industry with a 14% charge to pay monthly. When you peel away the skin the Primerica product sucks.
@Jgillie85: LOL If it isn't the imposter "Jgillie85". Bro, get a life. You mimic other peoples screen names. Your profile "isn't available"? . LMAO! You never had a 1 on 1 with any WL agent, ever. You were never in PFS. Your comments show it. I've beaten down agents from M.O.N.Y, Allstate, Prudential, John Hancock (aka John Hand In Your Pocket), Liberty Mutual & the list goes on. PFS was created as a result of the lies you guys tell in order to sell those CV WL policies to unsuspecting clients.
@Sideler74 Funny but you didn't list a single company with a Whole Life product!!! You are as dumb as the others!!! Face a Guardian, Mass, Northwestern, Penn Mutua, One America, Ohio Natl. or New York Life agent and I can tell you what will happen - hope you wear Depends!!!!
@Jgillie85: You wear depends for sure! Chickenshit all insurance companies sell whole life dumbass! Also we would whip any agent's ass from any company, especially Guaridan, because they hire pussies like you!!!
@Jgillie85: Saying that I didn't list a single co. with a CV WL product shows how much of a fraud you really are. My god I can't believe you'd actually say that on a public forum. The embarrassment you brought upon yourself with that one comment is of biblical proportions. LOL
@Sideler74 You didn't list a single Mutual company with whole life - if you are buying whole life you need to buy it from a mutual company otherwise it won't work. Where have you been the last 20 years? You are a certified moron!!!
@Jgillie85: "In 1942, Prudential finally converted to a mutual company, completing the process started in 1915" - So tell us who's the certified moron? hahahhahaha.... Wait let me guess they don't sell Whole Life Insurance either, LOL. I suggest you get informed with the correct information before you go & post on a public forum, making yourself look like a complete DUMBASS with your incorrect statements. :)
@Jgillie85: Awww look who's crying!!! Pussy ass bitch!!!! Oh and that's another thing IllegalMichelle would say: The stupid theory that all PFS reps flip burgers.
@Jgillie85: You're arguements are weak. You're constantly changing up your BS double talk. They were a mutual company for over 50+years & now their not , whoopie. It still doesn't change anything as far as them selling a terrible financial product. In fact that it is so terrible that they/you have to lie in order to sell it. Then after they/you (WL agents) were busted lying about it in a class-action lawsuit they/you guys paid out BILLIONS OF $'s in fines to your own clients because you LIED
@Jgillie85: Here we go typical CV ins. guy starting to do the double talk dance. lol YOU'VE BEEN DESTROYED. To actually say what you've said about CV life insurance is utterly false. You're a fraud. You have no idea what you are talking about. I have proven that time & time again. CV insurance is a joke & so are you. You embarrass yourself over & over again behind your fake, mimicked screen name. "Jgillie85". You are my BITCH. Thank-You. buhahahahahahahahahaha
It has come to our attention that derogatory and misleading posts from Primerica agents continue on YouTube. Please be advise that these comments do not represent the company nor are condoned by the company. Should you wish to report or lodge a complaint please call 1.800.257.4725 option 7 or fax in your issue to 770.564.6454.
@BTID24: Stupid stop posting your lies. If this were the case there wouldn't be secret compliance meetings. It would be known around the company! Michelle you don't know how Primerica works, cause you can't answer one question I've asked!
FYI - I had my compliance meeting on Friday - they warned us all about making any claims, any product comparsions, any ROR's, anything can could be considered advice or a solicitation. I'm assuming many of you had the same experience based on the lack of posts lately. Just a heads up!!! Keep up the fight via clients one on one!!!
Ah yes! The Golden Page. Everyone who doubts what I'm telling you get out your cell phones and look up the same comment that was removed by insurancemike10. It will show as the same one from PFSRVP57. Mike accidently signed into his regular username while trying to perpatrate a Primerica compliance officer. You can see the comment on your cell phone! By this I'm demanding that Sternfil and insurancemike10 stop posting for good! If you post I will be on your ass 24-7!
Sternfil is coward and a douchebag. If you post to him refer to him as Sternfag. He has no balls and no brain and is a worthless peice of garbage. Starts a fight and then runs away!
I found this on Michelle's page. That was the comment he I mean she removed as you can see where it says comment removed. This dumb bitch accidently posted under her regular username. After realizing that she screwed up she removed the comment, but didn't remove it from her recent activity on her page. It's ok Michelle I kind of figured it was you anyway, because a Primerica rep would take our side not yours. Thank you for once again showing that you truly are a chicken shit no balls agent!
@jgilles85 This is funny - I've been montioring your back and forths with many but now you are losng your mind. I've gone into both Insurancemike and PFSRVP and have not found anything you have claimed? Is this another Primerica fabrication? I would think so!!!
"On behalf of all PFS RVPs & associates I would like to apologize to everyone for the foul language & misrepresentations a few of our representative have been making. By this post I'm asking ALL PFS reps who have been posting to cease & desist. These posts have been reported to our compliance department & an investigation is under way. We at Primerica are proud of our professionalism & the actions of a few are clearly not what we represent. Again we apologize."
On behalf of all PFS RVPs & associates I would like to apologize to everyone for the foul language & misrepresentations a few of our representative have been making. By this post I'm asking ALL PFS reps who have been posting to cease & desist. These posts have been reported to our compliance department & an investigation is under way. We at Primerica are proud of our professionalism & the actions of a few are clearly not what we represent. Again we apologize.
People listen to this! Now IllegalMichelle is claiming that term has surrender charges and Whole Life doesn't. Wow and this is someone that handles people's finances? Do you tell your clients this? All this from someone that spends all day at Burger King and Adult Video Stores! Are you sure you're licensed? What a moron!
@insurancemike10: No you're absolutely right (sarcasm) a young doctor has no chance of getting an illness! Thanks again for showing what a moron you are! Are you sure you're licensed?
@insurancemike10: Sure that's how estate taxes works. I forgot IllegalMichelle you know more than wikipedia! LTC is long term dumbass and DI is short term. LT products are more affective making LTC better, but DI has its place. What is funny is your stupidity and the fact that you avoid every question I ask you proving your stupidity!
@insurancemike10: LTC is better than DI. WL DB is estate taxable idiot, not Income taxable and again your a fucking liar, because I never said zero balance or 39 years. Probs said that I just said 12% and $5Million!
@jgilles85 Wow - is term estate taxable? oh that's right, when most people die they won't have term inforce so it was a complete waste of money long term, is that what you are admitting? PS - NO DB is taxable, it's included in the value of the taxable estate!!! Nice try - oh and PS - if you own WL long enough you'd transfer the ownership to a ILIT so it WON"T be included in the taxable estate. Man is Jgillie dumb.
@jgilles85 And why is LTC better than DI insurance? How can you make such a generic remark? Client is a young doctor, making $250k, please tell us all why LTC is better? This should be funny
@insurancemike10: There you going lying again dip shit! Didn't say 39 years or what the current balance is. Can you please get off my dick about my investments?
@jgilles85 yes you did and Probs confirmed it. You also stated that WL DB was income taxable, you also stated LTC is "better" that DI, you've made so many dumb comments it's unreal.
@insurancemike10: No IllegalMichelle I'm putting you to bed, because you're wrong! I said if my investments avg 12% I will have $5Million when I retire. I didn't say how many years left, or how much I have in there already. You can't make a calculation without all of the facts, so jump off my dick you lose!
@insurancemike10: IllegalMichelle you are a fucking liar! You can't make calculations without knowing all of the figures so jump off my dick about my investments post! You're stupid to even realize that you're stupid!
@jgilles85 You stated $5k for 39 years at 12% (where you getting a linear 12%?) would be $5million - you were wrong so put it to bed. This is just another example of how you misrepresent to your clients.
@spanker6971: Read my post on Dave Ramsey's video titles Life insurance investing when I was talking to AUalum05. See where I state a zero balance and 39 years! How can IllegalMichelle make calculations without all of the facts?! Also it is impossible to lower to IllegalMichelle's level in terms of conduct or compitency! IllegalMichelle will not listen to reason as everything he/she says is illegal!
@spanker6971: If you don't like insuts then don't insult me either! Also you obviously haven't been keeping up with this situation for the last few months or else you would know that everything that I say about insurancemike10 is true! They're not insults if they're factual statements and you should also see how IllegalMichelle talks to me! Listen you really don't want to get involved in this one. Trust me!
@jgilles85 You have yet to state a fact or site a source yet!!! "Broaker" for "Broker" "dipleated" for "Depleted" $5k for 39 yrs at 12% = $5 mill but it does not, it's $3.4 mil" Primerica has cheap term but it does not - the most expensive around for females and very high for males. 14% charge to pay monthly - You have yet to acknowledge that you know the diff btw Ave ROR and Actual - you mistate and use linear 12% returns - a crime - do you know what linear means? LOL
@insurancemike10 Mike the final total depends on how many times/yr the investment is compounding. 1 compound/yr is $3.4 mil as you stated. More compoundings = greater total. Of course funds don't really compound like in a savings account and a fund isn't guaranteed like your cash values but they are more liquid and the potential is much greater than your cash value I'm sure you would agree. There is risk on either side. Have funds ever returned 12%: Yes. Have C/V: No.
@spanker6971 Who's stating WL as an investment? And please by investing montly v yearly DOES NOT MAKE UP THE 1.6 million difference - get a calculator!!!
@jgilles85 Didn't know I insulted you. Didn't mean to. Just joined the discussion or rather arguement yesterday. I don't mind messing w/mike for awhile. I got nothing to lose. I don't think Mike understands the core mission of Primerica which is why he gets so freaked out. Not that anyone here is going to be swayed either way but to me it just seems better if we don't lower ourselves to Mike's level. Peace.
@insurancemike10 I don't think I said that Mike. Anyway it doesn't matter I can't change your mind and you can't change mine and you have proven yourself over and over to be very low class so you're not worth my time any more. It's sad to think of how many widows w/children who you sold $25-50k policies to because that's all they could afford when they could have had $300-500k for the same dollars. Now they struggle financially when they could be comfortable. Who should be in jail?
@insurancemike10: What seminar? You're having another seminar on how to be a dickless liar? Why do ordelies not detain you? IllegalMichelle you just proved once again that you're the real moron, because how the hell does someone know when they're about to die, unless their terminally ill? Can you forsee a tragic accident or murder? Are you really that stupid?!
@insurancemike10 Yes the idiots do come out on this site. As matter of fact I'm talking to one right now. All of these bull shit terms you come up with that have nothing to do with life insurance, so you have an excuse to sell garbage WL. Meanwhile nobody needs life insurance until they die, but your too crooked to realize it!
@jgilles85 Thanks for stating once again what a moron you are, I'm clipping this one for my next seminar, you guys supply me the best quotes. Are you nuts? Now you are saying we don't need life insurance until we die? Wow that's a good one. Yes people give all those premiums to the insurance company and right before you die call them and say - guess what, I DON"T NEED IT ANYMORE!!! Go ahead and you keep the premiums and screw my wife, my children, my grandkid, my charities!!! Too funny
Man do the idiots come out on this site. Buying term and investing the diff can't work if you plan to maintain your life ins until you die, which you would do if you are doing wealth transfers, legacy planning, estate planning, special needs planning. Why is this so? Because the term rates go up, very much, upon renewal which gives you less to invest. term eventually will expire leaving you with no coverage. A whole life plan will out perform this strategy within 15-20 years - guaranteed
@insurancemike10 Wow you're challenging someone who hasn't posted in a year! You just noticed that post up there moron? You're so full of shit it's onreal! Whole Life's value triples over time? I come across one of you're clients I will so have you your license revoked and you put behind bars! Oh wait that's right that's already what happened, because you're in the nut house! I forgot, so if you don't stop lying I will have to call the orderlies on you!
@jgilles85 you don't help your case by insulting this guy. You only show your ignorance. Speak to how his statements are misguided and false not to his sexual conduct or lack of mental capacity. When you educate the consumer it is very easy for them to see how much better term is vs whole life. No need to make yourself look stupid by getting so nasty.
@spanker6971 He makes himself look stupid each and every day. And you my friend are in the same boat - I'll give you a shot - How is it that Primerica's expensive term better than WL? Prove it - you have one shot. And remember, there are tons of life carriers with cheaper and better term than yours!!!
@insurancemike10 Since I'm not in Primerica I can't really site specifics but since you seem to know their rates why don't you do an honest comparison for a 25 yr old non-smoker who needs $200k worth of coverage. How much will your plan cost and how much will the Primerica plan cost? Take the difference and put it in an imaginary bond fund returning 6% or 5% if you prefer, compare the 20yr projection to your C/V. Yes there is cheaper term but if it's never offered what good is it?
@spanker6971 First bonds are at 4%, second if you are selling a 25 yo 20 year level you should be arrested!!! No need to debate you!!! And are you calculating the lost opportunity cost of the term premium? Meaning take the premium paid to term, which wont pay a claim, invest it at 6% or better and at the end of 20 years thats your real cost, but it continues as if you don'
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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 1 month ago
whole life sux
owenbuca 1 month ago
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whole life is a scammm
owenbuca 1 month ago
whole life is a joke !!!!!!!!!!!!!
owenbuca 1 month ago
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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 4 months ago
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 4 months ago
@aIprime1 You are right on brother!!!
Termisexpensive 2 months ago
And those that have been investing for the last 11 years have returned "on average" below 1% - and the average investor in any 20 year period from the 1920's on has done less than 4% - only a few do better - look it up, google Ibotson or the Wall Street Journal Article title - Why Investors May be Fooling Themselves. These are facts
aIprime1 4 months ago
Insurancemike10 is a desperate Trash Value agent. The Market loses 635 points, therefore "Buy Term and invest the difference" doesn't work. Am I the only one who can see through his terrible logic?
yoranasshole 5 months ago
Market loses 635 points in one day!!!! How's the "Buy Term and Invest the Difference" theory going? LOL!!!
insurancemike10 5 months ago
@insurancemike10: IllegalMichelle is spewing more of her bull shit as usual!!!
jgilles85 5 months ago
@insurancemike10
who invest for just one day ? if u look at the bigger picture the buy term and invest the difference theory always out perform whole life insurance... excp. for people that pull their money out and they would be boorrowing their cash value anyways so it would still be better .....
teammili 4 months ago
I'm going to let Obama take care of everything for me.
dumnuts1 7 months ago
@dumnuts1: Good luck with that.
jgilles85 5 months ago
@StupidLieguy: What a stupid question from a stupid dumbass!! Obviously paid up insurance costs a lot more then other types, so the same person would have more cash without the paid up insurance. Dumbass!!!!
jgilles85 7 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 8 months ago
@SuperLifeguy Person B
Jgillie85 7 months ago
answer(sorry for the break) it is dependant on the persons financial situation, isnt it? Decreasing responsibility suggests that a person doesnt NEED insurance at that age. You cant eat insurance, you need MONEY for food! Insuance is a BAD WAY to grow money for retirement.
cthun2970 8 months ago
@Superlifeguy: if you're looking for an.ans
cthun2970 8 months ago
I see no one can truthfully answer the question - this is exactly why term insurance - in the long run - is the worse financial product you can possibly own. Thanks all that were too afraid to answer my very simple question!!!
SuperLifeguy 9 months ago
@SuperLifeguy This is because most don't understand the benefit of having a death benefit to protect your assets whil you are alive. Having this allows you to spend your assest as you see fit without having to worry about your surviving spouse and children. It's basic economics which is something my former associates at primerica can't understand and are never educated about. All they are told is to replace insurance with their expensive term.
Jgillie85 9 months ago
@Jgillie85 Amen brother - great post. Good to see you have left Prmerica too.
insurancemike10 9 months ago
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To repeat question - Person 1 & 2 both have $1,000,000 in cash - both are age 65 - Person 1 bought a 30 year term which just expired, Person 2 has a paid up whole life policy of $1,000,000 of DB - who is financially in a better position? Just answer the question!!!!
SuperLifeguy 9 months ago
Person 1 & 2 both have $1,000,000 in cash - both are age 65 - Person 1 bought a 30 year term which just expired, Person 2 has a paid up whole life policy of $1,000,000 of DB - who is financially in a better position? Just answer the question!!!!
SuperLifeguy 9 months ago
@SuperLifeguy: Person 1 & 2 both age 35 bought $1 Mill LI Policy: Person 2 bought WL - Person 1 bought 30 yrs terms & invest the different. @ age 65 - Person 2 still has WL policy & the guaranteed CV less than $500K. However to access this CV, person 2 has to borrow and paying interest using his/her own money. Person 1 will have investments well over $2 Mill - Who needs LI at this point. I think the surviving spouse can live well with over $1 Mill after tax. You are "Dumber than Dumbest"
bmlm6969 9 months ago
@bmlm6969 So you are this dumb - please tell my how much you are investing and at what rate to get to $2million? And you have yet to anwer the question - both have $1millon, who is in a better place? the one with or without the insurance? If you can grasp this concept then and ONLY then will I address any of your absurb and baby responses. Did you take economics in school? or did you just take shop class?
SuperLifeguy 9 months ago
@SuperLifeguy : #1 - How much does it cost to insured 35 yrs old non-smoker $1 Mill WL policy? I'm sure ain't cheep may be around $1100 to $1300 per month. 30 yrs term cost around $175 to $200 per month. So if you take the different of $1000 per month & invested in MF (ie. Dollar-Cost-Averaging Strategy) @ 10% to 12% average ROR annually . . . That is how you get $2 Mill at age 65. So the question is "Did you take economic in School"? If you did must have been bad school!!!!
bmlm6969 9 months ago
@bmlm6969 Answer the simple question and then I'll address you stupid points, who''s better off? See you are blind to the question which clearly indicates you can't be taught about how money works. If you can answer my simple question I can begin. Are you willing to at least answer the question?
SuperLifeguy 9 months ago
@SuperLifeguy I guest you "DON'T KNOW HOW MONEY WORKS" yourself.
bmlm6969 9 months ago
@SuperLifeguy : So I guest WL policy is a perfect for "Dumb Ass" like you. The other things is I rather take shop class and have over $2 Mill cash than take economic in school and stuck with $1 Mill WL insurance.
bmlm6969 9 months ago 2
FINALLY SOMEONE WHO GETS IT..THANK YOU BMIM6969
edsvids 9 months ago
Simple word: Cash Value or may I say "Trash Value" policy is just like 1+1=1. Policy holder paying for both insurance & savings but they never get both if the insured person dies, his or her beneficiary do not receive DB+CV, only receive the DB.
Buy Term and Invest the Different, if the insured person dies, his or her beneficiary will get both DB+The Investment (1+1=2). Conclusion: 1+1=1 is pure "SCAM".
Dividend payment in CV policy is nothing more than refund of overcharged premium.
bmlm6969 9 months ago
@bmlm6969 That's completely false - 1. the death benefit INCREASES so you in fact get the cash with the DB. BTID - they won't get the death benefit becasue 98% of ALL term lapses prior to death - and the "investment" is most likely taxable, reduced by fees and the return will be less that 4% as that's what the ave. investor does over time - google Wall Street Journal article - "Why Investors May Be Fooling Themselves" - Are you going to argue against the WSJ? Fool
SuperLifeguy 9 months ago
@SuperLifeguy : #1 - If you read the contract in traditional WL, the insurance company only pays the DB it doesn't mention DB plus CV . . so if they don't say it in the contract . . you don't get it. #2 - WL is endowment to age 100, therefore the CV=DB at age 100. So if 30yrs old person taking a $250K WL policy, it will take this person 70 yrs to accumulate $250K his/her CV. I rather pay 40% tax on $1 Million capital gain & I don't have to wait until age 100 then $250K tax free at age 100
bmlm6969 9 months ago
@bmlm6969 You may be dumber than your post indicates - 1. Take a look at any inforce statement on Whole life that it will show you how the death benefit drew by the purchase of paid up additions - that's referenced in the dividend section of the policy. 2. Whole "endows" at age 121 - BY LAW but your DB - this is NOT a bad thing as your will have 5x the original face for your family tax free. 3. You accumulation calcs are ONLY based on the Guaranteed CV - which you make a nice arguement for WL.
SuperLifeguy 9 months ago
@SuperLifeguy You're sounding like "Double Dumber". Dividend in life insurance actually is refund of overcharged premium & the policy holder can choose 1 of the dividend options. How many people do you know lived to be 121 years of age? I would rather enjoy my Moneyyy while I still have the energy doing thing in life. Comparing apple to apple, the investment outside LI worth more than double then DB over 30yrs period @ 8% ROR. No longer need LI. U low life WL insurance agent!!
bmlm6969 9 months ago
@bmlm6969 So it's clear you are extremely dumb - 99.9% of policyholder apply their dividend to the purchase of paid up additions, and hence the increasing death benefit and 5% tax free return to the client for use however and whenever they wish. Who said anyone had to live to 121, are you this dumb, Really!!!! PS - 8% netted down for fees and taxes would return less that 5% - hmmmmmmmmmm!!!!! PSS - Term expires and 98% never results is claim. I have a very simple question for you, see next.
SuperLifeguy 9 months ago
Mr. Gillie says that I'm lying. Don't take my word for it then. See what Dave Ramsey and Suze Orman have to say about Whole Life Crap. BTWMr Gillie You are an elitist and a pompous ass. The way you put down individuals is an insult to hardworking people who struggle to make an honest living.
edsvids 9 months ago
Lies? Mr. Gillie? So I guess it's a lie that the death decreases when you take money out of Cash value. Once again CASH VALUE IS NOT YOUR MONEY. You don't have to pay it back but it lowers your death benefit because the life insurance company want's their cash value back.
edsvids 9 months ago
Mr.Gillie your obviously a bright young 26 year old man . But you lack decorum in your people skills. Maybe you need more formal education to learn how address inteligent people like yourself.
edsvids 9 months ago
to all hardworking people CASH VALUE IS NOT YOUR MONEY. If it was then why would would you have to put it back with interest after you borrow from it ? Why does a portion of it removed from the Death Benefit when you die before 100 years of age?
Mr. Gillie about roth Ira the max you're allowed to make $120,000 a year as a single filer for 2011. pretty good money. you all insulted all people who have roth ira's about thier lack of formal education. why do you do this ?
edsvids 9 months ago
@edsvids Are you as dumb as your post indicates? Why the lies? People the CV is your money and here is how you get it - first you withdraw all your basis - what you put in - this comes out tax free - remember your money is growing without taxation - then once you've hit your basis you "borrow" it out - why borrow? Think of a home equity loan - do you pay tax on that? NO - Same theory - You borrow - at a NET rate of 1% or zero depending on policy - so you don't pay tax - simple.
Jgillie85 9 months ago
@edsvids as for $120k - if you live in NYC and make that you are not very successful - sorry dude but that's a fact in the real world of big citys - $120k and you are eating cat food. FACT
Jgillie85 9 months ago
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what do you mean you have me kid? who do you think I am some 26 year old like yourself? I've made more money in one day than you'll make your whole life...and guess what it's all mine NOW,not when I'm 100 years old and too limp to enjoy..Your comments are valid at all fronts regarding GCV but do me a favor school us on the whole truth not just half...I got the same license you have sir.
edsvids 9 months ago
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edsvids 9 months ago
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edsvids 9 months ago
And one more the my GUARANTEED CASH VALUE WAS a little over 1000 dollars after 6 years of "investing" 150 dollars a month for 6 years. I would've been better off putting my money in a bank passbook savings @.25% ,at least I would've had over 12,000 dollars that would've been all mine . But that would've been dumb according to jgillie85.
edsvids 9 months ago
@edsvids Now I have you - see the Guaranteed CV of ALL WHOLE LIFE contracts MUST by LAW and DESIGN increase, your GCV after 6 years would have been at LEAST $6k and your CV with dividends would have been about 8500 total - had you continued with it your GCV would be increase greater than your premium of $1,800 each year so in reality you would of had a zero cost transaction for the insurance - but go ahead and enjoy the worthless and expensive term you have - great move - LOL!!!
Jgillie85 9 months ago
Yeah!! You get the cash value when you're 100 YEARS OLD !!!! So let's see I had a whole life policy for 100K @ $150 of monthly premium. it was replaced by my Primerica agent who gave me a term policy for 1 million dollars @ $240 monthly premium. So for $90 more I got 900k of more coverage, hmmm. Not to mention my roth ira will be worth 1.3 million dollars when I retire in 15 years. That's TAX FREE @ 10% rate of return. I can start enjoying that money when I'm 60 instead of 100. And I'm dumb.
edsvids 9 months ago
@edsvids YOu are dumber than most my friend - 10% return in your ROTH? Where is that coming from? Don't quote me some bs about average rate of returns - it's all BS - the average investor earns less then 4% - And since you are of an income that allows for ROTH I'm quite certain you lack any formal education. So best of luck. PS - that term you bought from Primerica - have you done the math on it? You are paying 14% charge to pay monthly and you could have gotten a term about 20% cheaper.
Jgillie85 9 months ago
This "borrowing" would be taken off the Death Benefit when you die. Now let me ask you, can you spend your Death Benefit on Term? NO you can't. What happens after the initial level term period? Your rates go to an Annually Renewable table - these rates will in far excess of what you'd pay for Whole Life - So do you want a product that you won't be able to afford as you get closer to death? or do you want one that will return you 5% tax free and triple your DB? That's Whole Life!!!
Jgillie85 9 months ago
"SMART" people like jgillie85 forget to tell you that...WHOLE LIFE IS A SCAM AND HAS BEEN RIPPING FAMILIES OFF FOREVER !!!! CASH VALUE IS NOT YOUR MONEY. IT'S BEEN PERPETRATED AS A SAVINGS. BUT WHOSE SAVINGS IS IT REALLY? YOURS OR THE INSURANCE COMPANY? Enough said..I'm willing to bet my house that Jgillie85 doesn't own a whole life policy. If he does then he's a very dumb person.
edsvids 9 months ago
@edsvids You are right - I own several!!! The cash is completely yours and it is even listed in the policy - there is a clear table of guaranteed Cash Value, plus each year you get a statement which shows your TOTAL CV which includes dividends. And it all grows without taxation - what's even better is you can take out up to what you put in with no tax. Then if you want more you can "borrow" from the policy at a 1% net or 0% net rate - depends on carrier - because you "borrow" there's no tax.
Jgillie85 9 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 9 months ago
So tell me how does the DB increase over time..while you're tell me why the cash vale doesn't start to accumulate till after 2-3 years .
edsvids 9 months ago
@edsvids You sould like a very dumb person. Whole Life DB increases each year as the dividends go back into the policy to purchase Paid Up Additions - these additions increase the DB - by life expectancy you can count on about 3x the original face amount. By policy year 3 to 5 you can also expect your GUARANTEED CASH VALUE to increase greater than the annual premium paid. See if you actually know what you are talking about you can sound smart like me!!!
Jgillie85 9 months ago
Whole life agents forget to tell you that the cash value never exceeds the amount of the death benefit. Oh, by the way when it does equal to the amount of the death benefit the company writes you a check for that amount and you can start enjiying your life. Only problem is you have to wait till you're 100 years old to get that check.
edsvids 9 months ago
@edsvids: Actually, WL agents do tell clients that CV does not exceed DB. It's on all the illustrations. The question is, do those who rally against WL tell others that WL DB increases over time? It's virtually never mentioned by those that bash WL on youtube. There are one of two reasons for this: 1) they don't actually understand how WL works or 2) they know how it works but misrepresent it.
Sadly, in many cases it's a combination of both.
wodendog 9 months ago
One question to you experts on whole life. Do you own a whole life policy yourself ?
edsvids 9 months ago
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 10 months ago
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This guy is so wrong. The information is misleading. He also left out lots of important info as well. Don't buy whole life or universal life. They are ripoffs. You are better off buying term and keeping savings separate. When you retire, you should have no need for life insurance when you have lots of savings. Learn more at finance1o1 . blogspot . com (remove spaces)
obe231 10 months ago
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obe231 10 months ago
Whole is great - if it wasn't why would the IRS restrict the amount of money you can put into it? Hmmmm maybe it has something to do with the tax benefits?
insurancemike10 10 months ago
@insurancemike10 You are so right!!!
Jgillie85 10 months ago
What a bunch of crooks
primpal08 10 months ago
*********They pullled my previous comment about calling out & DESTROYING "Jgillie85" (The imposter who talks out of his ass about how great CV WL insurance is). It was TOTAL PWNAGE. He is my bitch, now & forever!!! hahahahahaha.... Which means 1 ot 2 things. 1. This is his channel & or 2. I embarrassed him so bad that it made any & every CV insurance guy on YouTube cringe, so the people at lifeinsuredotcom deleted it. Which would make them douchebags who are PRO CV WL insurance*********
Sideler74 11 months ago 8
@Sideler74: Life Ins.com is a bunch of douche bags!! They deleted my comment too, where I said that jgillie is an idiot for saying that you didn't list a single company that sells WL when all companies do!! (Accpet for Primerica) He also said that you didn't list a single mutual company, when you did because All State is a mutual company!! What's the matter LifeIns.com does the truth hurt? Are you that afraid of Primericans that you have to delte our comments? You're a bunch of pussies!!!
jgilles85 11 months ago
@Sideler74 I think I just slayed you tool!!!
Jgillie85 11 months ago
@Jgillie85: Oh wait now what are you going to change the subject to? You talk in circles. You & your industry have been involved in BILLION DOLLAR class action lawsuits for "deceptive sales practices". You guys were caught LYING to your clients on how your CV WL ins products. It's a well know fact that you CV WL agents push a very bad product for the consumer however it is very good for you. PFS is never going to go away & the more you sell CV WL policies, the more you are prospecting for us.
Sideler74 11 months ago
@Sideler74 Answer us this - if banks, large corporations and college endowments are the biggest purchasers of Whole Life insurance then why would it not be good for the general public? Hmmmm!! Just open up any bank balance sheet and see the millions they own in CV, not including the DB amts. Got Cha!!!
Jgillie85 10 months ago
@Jgillie85: Spin it anyway you like pal... You've been owned numerous times on this subject.
Sideler74 10 months ago
@Jgillie85: Why don't you ask that question to all of the families that learned how their WL ins. worked and decided to go with us?
jgilles85 10 months ago
@Jgillie85: Actually Sideler just slayed you: Dumbass!!!
jgilles85 11 months ago 5
@IllegalMichelle: The only thing that is common knowledge is that you are stupid as well as crooked!! And also that you have no dick or balls!!!!
jgilles85 11 months ago
@jgillie85: Really Allstate isn't a mutual company? You are stupid as well as fake!!!
jgilles85 11 months ago 16
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Sideler74 11 months ago
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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 11 months ago
@IllegalMichelle: Still as big as moron as ever!!!
jgilles85 11 months ago
15 times your income why?????
tachon04 1 year ago
FAKESSSSS
Slightlystoopid1990 1 year ago
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The fake jgilles85 is really jgilies85! Just google jgilies85 to see what I mean! He somehow respelled his name after creating his account!!!
jgilles85 1 year ago
@SuperLifeguy: IllegalMichelle you mean to see how you lie and misrepresent insurance and create fake log ins!!!
jgilles85 1 year ago
Search "Primerica - The Truth" to see how they screw their clients
SuperLifeguy 1 year ago
i will post Jgillie's post - someone keeps spamming them - When buying life insurance be sure to consult with a true insurance professional. Seek someone who is not with only one company and who had credentials like CLU and ChFC - also look for someone with a Series 7, if they only have a Series 6 they can only sell you variable life and annuities and mutual funds - clearly this limits what they can do to help you and creates a bias towards the products they can sell. Hope this helps
bonds519 1 year ago
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When buying life insurance be sure to consult with a true insurance professional. Seek someone who is not with only one company and who had credentials like CLU and ChFC - also look for someone with a Series 7, if they only have a Series 6 they can only sell you variable life and annuities and mutual funds - clearly this limits what they can do to help you and creates a bias towards the products they can sell. Hope this helps
Jgillie85 1 year ago
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When buying life insurance be sure to consult with a true insurance professional. Seek someone who is not with only one company and who had credentials like CLU and ChFC - also look for someone with a Series 7, if they only have a Series 6 they can only sell you variable life and annuities and mutual funds - clearly this limits what they can do to help you and creates a bias towards the products they can sell. Hope this helps
Jgillie85 1 year ago
Who gets the cash value upon death??? Does the beneficiary???
JoshRVP 1 year ago
@JoshRVP: No it goes back to the company & it offsets their payout. Example: $150K WL Policy w. $25K of CV built up inside the policy & the insured dies without borrowing/using any of the CV. The beneficiary should get $175K, right . WRONG they only get $150K. The insurance co. keeps the 25K in CV. The Ins co's. loss is actually only $125K & not $150K. Wait what am I telling you this for judging by your name you're an RVP already. You get it. It's the CV Whole Life agents who cry foul about it.
Sideler74 1 year ago
@Sideler74 You are really that dumb???? first and foremost the term provider keep your premiums and you never recover them. Second, the DB never increases as it does with whole life. 3rd. the db grows to 3x the original db at life expectancy so in FACT you get it all back . You need more research my friend!!!
SuperLifeguy 1 year ago
@SuperLifeguy: Call the 1-800 # on the back of YOUR policy & ask the represenative for the Ins Co. "Is the CV gauranteed when I die?" - "Is my beneficiary entilted to the Insurance policies CV in the event of the death of the policy holder?" Watch what they say, lol. Ya see CV WL agents can say whateverthefuck they want to you when they are selling you a policy laced with bullshit CV, The reps on the 1-800 # cannot lie. THEY HAVE TO TELL YOU THE TRUTH. Try it... I dare you, lol
Sideler74 1 year ago
@Sideler74 You are really proving what an idiot you really are!!! The CV in the policy has already purchase Paid UP Additions that increases the original DB far beyond the face plus CV - nice try but you are lying to the clients you speak to!!!! Wow are you dumb!!!
SuperLifeguy 1 year ago
@SuperLifeguy: Q: Is the CV gauranteed? A: NO However you guys sell it to your clients & say that the "CV is gauranteed". I've seen it many many times. Then I call the 1-800# on the back of your clients policy with them sitting right there (on speaker phone) & they hear the truth. They then flip out when they see that they have hardly any CV in their policy & often times it's 10+ years old. REG 60 in NY discloses all this,. & you guys wonder why you're losing clients to PFS, lol next...
Sideler74 1 year ago
@Sideler74 You are a moron - the policy, every wl policy, has a table of guaranteed cash values. It's actually registered with the states when the insurer seeks product approval. You are an idiot!!! Dividends are not guaranteed but any mutual company, Guardian, MASS, NYL, Northwestern......all have NEVER missed paying a dividend. You are so full of it, nice try.
SuperLifeguy 1 year ago
@SuperLifeguy: I've replaced many policies by exposing the BS lies that you guys spew about CV WL, lol It's comical
Sideler74 1 year ago
@Sideler74 so basically you are a liar
SuperLifeguy 1 year ago
@SuperLifeguy: I'm a liar?? LOL You do realize that PFS was created because of CV WL insurance salesmen (like yourself) lying to their clients, right? I mean if you guys weren't so fucking shady in your business practices & how you sell your product PFS wouldn't exsist. You are aware of that, aren't you?
Sideler74 1 year ago
@Sideler74 Primerica is in the business of preying on lower class households and selling them on overpriced term. You and your kind don't play in my markets. Let me ask you this, why is it that banks, medium to big businesses and college endowments are the LARGEST buyers of Whole Life? Hmmmm maybe they know something!!! Moron!!!
SuperLifeguy 1 year ago
@SuperLifeguy: Yea that's the ticket, we prey on lower class housholds that have no money. lol That's why we are the largest selling team (in terms of $) of Mutual Funds. I've replaced many CV WL policies of people who make $300K -$400K a year. I've also set them up in proper retirement accounts, be it IRA, SEP, variable annuity & or 529 plans for their kids. BILLION $ Class Action Lawsuits against CV WL insurance co's are well documented. Most everyone already knows about you & your dying breed
Sideler74 1 year ago
@Sideler74 I live the the $400k+ market and trust me the typical Primerica agent would not do very well there. I've seen all your tricks and lies and anyone with half a brain can discredit everything you misrepresent. Go away fool
insurancemike10 1 year ago
@insurancemike10: That's funny you've seen our "tricks & lies?" More like we expose your tricks, lies & BS double talk. Man, I used to LOVE Agent to Agent meetings @ YOUR clients home. The moto was: If I was lying expose me... Back in the day, you guys used to show up to that, what happened? Got your teeth kicked in too many times? Ah yes another client thanks to their two bit theif of a WL insurance agent who didn't have the balls to show up & prove me wrong. You guys are spineless crooks. LOL
Sideler74 1 year ago
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@Sideler74 Thanks for proving you have nothing to say other that bs lies with no facts, you are class man, real class!!! LOL
insurancemike10 11 months ago
@Sideler74 As are recent former Primerican I can tell you are lying - I've been too way too many one on one meetings in which my RVP attended with the other agent and we walked out with our tales between our legs. Each agent exposed our product as one of the more expensive in the industry with a 14% charge to pay monthly. When you peel away the skin the Primerica product sucks.
Jgillie85 11 months ago
@Jgillie85: LOL If it isn't the imposter "Jgillie85". Bro, get a life. You mimic other peoples screen names. Your profile "isn't available"? . LMAO! You never had a 1 on 1 with any WL agent, ever. You were never in PFS. Your comments show it. I've beaten down agents from M.O.N.Y, Allstate, Prudential, John Hancock (aka John Hand In Your Pocket), Liberty Mutual & the list goes on. PFS was created as a result of the lies you guys tell in order to sell those CV WL policies to unsuspecting clients.
Sideler74 11 months ago
@Sideler74 Funny but you didn't list a single company with a Whole Life product!!! You are as dumb as the others!!! Face a Guardian, Mass, Northwestern, Penn Mutua, One America, Ohio Natl. or New York Life agent and I can tell you what will happen - hope you wear Depends!!!!
Jgillie85 11 months ago
@Jgillie85: You wear depends for sure! Chickenshit all insurance companies sell whole life dumbass! Also we would whip any agent's ass from any company, especially Guaridan, because they hire pussies like you!!!
jgilles85 11 months ago
@Jgillie85: Saying that I didn't list a single co. with a CV WL product shows how much of a fraud you really are. My god I can't believe you'd actually say that on a public forum. The embarrassment you brought upon yourself with that one comment is of biblical proportions. LOL
Sideler74 11 months ago
@Sideler74 You didn't list a single Mutual company with whole life - if you are buying whole life you need to buy it from a mutual company otherwise it won't work. Where have you been the last 20 years? You are a certified moron!!!
Jgillie85 11 months ago
@Jgillie85 Jeez - that's like common knowledge. These Primericans are showing their complete lack of knowledge with each and every post.
insurancemike10 11 months ago
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@Jgillie85 Jeez - that's like common knowledge. These Primericans are showing their complete lack of knowledge with each and every post.
insurancemike10 11 months ago
@Jgillie85: You are a fraud, plain & simple
Sideler74 11 months ago 4
@Jgillie85: "In 1942, Prudential finally converted to a mutual company, completing the process started in 1915" - So tell us who's the certified moron? hahahhahaha.... Wait let me guess they don't sell Whole Life Insurance either, LOL. I suggest you get informed with the correct information before you go & post on a public forum, making yourself look like a complete DUMBASS with your incorrect statements. :)
Sideler74 11 months ago 16
@Sideler74 You are really dumb - keep researching and find the year in which Pru "demutualized" you flipping idiot!!!
Jgillie85 11 months ago
@Jgillie85: Yea & I bet they don't sell CV WL ins either, God you are a gem of a fool.
Sideler74 11 months ago
@Sideler74 The fucking demutualized in the 90's just like Met Life you flipping burger boy!!!
Jgillie85 10 months ago
@Jgillie85: Awww look who's crying!!! Pussy ass bitch!!!! Oh and that's another thing IllegalMichelle would say: The stupid theory that all PFS reps flip burgers.
jgilles85 10 months ago
@Jgillie85: You're arguements are weak. You're constantly changing up your BS double talk. They were a mutual company for over 50+years & now their not , whoopie. It still doesn't change anything as far as them selling a terrible financial product. In fact that it is so terrible that they/you have to lie in order to sell it. Then after they/you (WL agents) were busted lying about it in a class-action lawsuit they/you guys paid out BILLIONS OF $'s in fines to your own clients because you LIED
Sideler74 10 months ago
@Sideler74 So really you are this dumb!!! Too funny
Jgillie85 10 months ago
@Jgillie85: Ok IllegalMichelle you dumb bitch!!! That sounds like the same bullshit you always post!!!
jgilles85 10 months ago
@Jgillie85: OWNED BITCH!!!!!
jgilles85 10 months ago
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@Jgillie85: Here we go typical CV ins. guy starting to do the double talk dance. lol YOU'VE BEEN DESTROYED. To actually say what you've said about CV life insurance is utterly false. You're a fraud. You have no idea what you are talking about. I have proven that time & time again. CV insurance is a joke & so are you. You embarrass yourself over & over again behind your fake, mimicked screen name. "Jgillie85". You are my BITCH. Thank-You. buhahahahahahahahahaha
Sideler74 11 months ago 2
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@PFSRVP57: Trying to cover up your post under the insurancemike10 login?
jgilles85 1 year ago
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It has come to our attention that derogatory and misleading posts from Primerica agents continue on YouTube. Please be advise that these comments do not represent the company nor are condoned by the company. Should you wish to report or lodge a complaint please call 1.800.257.4725 option 7 or fax in your issue to 770.564.6454.
PFSRVP57 1 year ago
@BTID24: Stupid stop posting your lies. If this were the case there wouldn't be secret compliance meetings. It would be known around the company! Michelle you don't know how Primerica works, cause you can't answer one question I've asked!
jgilles85 1 year ago
FYI - I had my compliance meeting on Friday - they warned us all about making any claims, any product comparsions, any ROR's, anything can could be considered advice or a solicitation. I'm assuming many of you had the same experience based on the lack of posts lately. Just a heads up!!! Keep up the fight via clients one on one!!!
BTID24 1 year ago
Ah yes! The Golden Page. Everyone who doubts what I'm telling you get out your cell phones and look up the same comment that was removed by insurancemike10. It will show as the same one from PFSRVP57. Mike accidently signed into his regular username while trying to perpatrate a Primerica compliance officer. You can see the comment on your cell phone! By this I'm demanding that Sternfil and insurancemike10 stop posting for good! If you post I will be on your ass 24-7!
jgilles85 1 year ago
Sternfil is coward and a douchebag. If you post to him refer to him as Sternfag. He has no balls and no brain and is a worthless peice of garbage. Starts a fight and then runs away!
jgilles85 1 year ago
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@Sternfil: You don't believe that's the comment insurancemike10 removed? When you answer my question you will see how wrong you are!
jgilles85 1 year ago
I found this on Michelle's page. That was the comment he I mean she removed as you can see where it says comment removed. This dumb bitch accidently posted under her regular username. After realizing that she screwed up she removed the comment, but didn't remove it from her recent activity on her page. It's ok Michelle I kind of figured it was you anyway, because a Primerica rep would take our side not yours. Thank you for once again showing that you truly are a chicken shit no balls agent!
jgilles85 1 year ago
@jgilles85 This is funny - I've been montioring your back and forths with many but now you are losng your mind. I've gone into both Insurancemike and PFSRVP and have not found anything you have claimed? Is this another Primerica fabrication? I would think so!!!
Sternfil 1 year ago
"On behalf of all PFS RVPs & associates I would like to apologize to everyone for the foul language & misrepresentations a few of our representative have been making. By this post I'm asking ALL PFS reps who have been posting to cease & desist. These posts have been reported to our compliance department & an investigation is under way. We at Primerica are proud of our professionalism & the actions of a few are clearly not what we represent. Again we apologize."
jgilles85 1 year ago
insurancemike10 commented on Whole Life Insurance - Expl... (6 hours ago)
jgilles85 1 year ago
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insurancemike10 1 year ago
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On behalf of all PFS RVPs & associates I would like to apologize to everyone for the foul language & misrepresentations a few of our representative have been making. By this post I'm asking ALL PFS reps who have been posting to cease & desist. These posts have been reported to our compliance department & an investigation is under way. We at Primerica are proud of our professionalism & the actions of a few are clearly not what we represent. Again we apologize.
PFSRVP57 1 year ago
People listen to this! Now IllegalMichelle is claiming that term has surrender charges and Whole Life doesn't. Wow and this is someone that handles people's finances? Do you tell your clients this? All this from someone that spends all day at Burger King and Adult Video Stores! Are you sure you're licensed? What a moron!
jgilles85 1 year ago
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@insurancemike10: No you're absolutely right (sarcasm) a young doctor has no chance of getting an illness! Thanks again for showing what a moron you are! Are you sure you're licensed?
jgilles85 1 year ago
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jgilles85 1 year ago
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jgilles85 1 year ago
@insurancemike10: Sure that's how estate taxes works. I forgot IllegalMichelle you know more than wikipedia! LTC is long term dumbass and DI is short term. LT products are more affective making LTC better, but DI has its place. What is funny is your stupidity and the fact that you avoid every question I ask you proving your stupidity!
jgilles85 1 year ago
@insurancemike10: You're the idiot who thinks Term has Surrender charges.
jgilles85 1 year ago
@insurancemike10: LTC is better than DI. WL DB is estate taxable idiot, not Income taxable and again your a fucking liar, because I never said zero balance or 39 years. Probs said that I just said 12% and $5Million!
jgilles85 1 year ago
@jgilles85 Wow - is term estate taxable? oh that's right, when most people die they won't have term inforce so it was a complete waste of money long term, is that what you are admitting? PS - NO DB is taxable, it's included in the value of the taxable estate!!! Nice try - oh and PS - if you own WL long enough you'd transfer the ownership to a ILIT so it WON"T be included in the taxable estate. Man is Jgillie dumb.
insurancemike10 1 year ago
@jgilles85 And why is LTC better than DI insurance? How can you make such a generic remark? Client is a young doctor, making $250k, please tell us all why LTC is better? This should be funny
insurancemike10 1 year ago
@insurancemike10: There you going lying again dip shit! Didn't say 39 years or what the current balance is. Can you please get off my dick about my investments?
jgilles85 1 year ago
@jgilles85 yes you did and Probs confirmed it. You also stated that WL DB was income taxable, you also stated LTC is "better" that DI, you've made so many dumb comments it's unreal.
insurancemike10 1 year ago
@insurancemike10: No IllegalMichelle I'm putting you to bed, because you're wrong! I said if my investments avg 12% I will have $5Million when I retire. I didn't say how many years left, or how much I have in there already. You can't make a calculation without all of the facts, so jump off my dick you lose!
jgilles85 1 year ago
@jgilles85 You stated 39 years at 12% stop trying to hide - it's ok you were using a Primerica calculator, they always inflate returns!!! LOL
insurancemike10 1 year ago
@insurancemike10: IllegalMichelle you are a fucking liar! You can't make calculations without knowing all of the figures so jump off my dick about my investments post! You're stupid to even realize that you're stupid!
jgilles85 1 year ago
@jgilles85 You stated $5k for 39 years at 12% (where you getting a linear 12%?) would be $5million - you were wrong so put it to bed. This is just another example of how you misrepresent to your clients.
insurancemike10 1 year ago
@spanker6971: Read my post on Dave Ramsey's video titles Life insurance investing when I was talking to AUalum05. See where I state a zero balance and 39 years! How can IllegalMichelle make calculations without all of the facts?! Also it is impossible to lower to IllegalMichelle's level in terms of conduct or compitency! IllegalMichelle will not listen to reason as everything he/she says is illegal!
jgilles85 1 year ago
@jgilles85 Yes you did and Probs defended it.
insurancemike10 1 year ago
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Jgillie gaffe number 1217 - He now states that the Death Benefit on Whole Life is taxable!!!! Where did you get that one toolboy?
insurancemike10 1 year ago
@spanker6971: If you don't like insuts then don't insult me either! Also you obviously haven't been keeping up with this situation for the last few months or else you would know that everything that I say about insurancemike10 is true! They're not insults if they're factual statements and you should also see how IllegalMichelle talks to me! Listen you really don't want to get involved in this one. Trust me!
jgilles85 1 year ago
@jgilles85 You have yet to state a fact or site a source yet!!! "Broaker" for "Broker" "dipleated" for "Depleted" $5k for 39 yrs at 12% = $5 mill but it does not, it's $3.4 mil" Primerica has cheap term but it does not - the most expensive around for females and very high for males. 14% charge to pay monthly - You have yet to acknowledge that you know the diff btw Ave ROR and Actual - you mistate and use linear 12% returns - a crime - do you know what linear means? LOL
insurancemike10 1 year ago
@insurancemike10 Mike the final total depends on how many times/yr the investment is compounding. 1 compound/yr is $3.4 mil as you stated. More compoundings = greater total. Of course funds don't really compound like in a savings account and a fund isn't guaranteed like your cash values but they are more liquid and the potential is much greater than your cash value I'm sure you would agree. There is risk on either side. Have funds ever returned 12%: Yes. Have C/V: No.
spanker6971 1 year ago
@spanker6971 Who's stating WL as an investment? And please by investing montly v yearly DOES NOT MAKE UP THE 1.6 million difference - get a calculator!!!
insurancemike10 1 year ago
@insurancemike10 I have a TI BA-35 that's where I got the numbers plus I used an online calculator to verify it.
spanker6971 1 year ago
@jgilles85 Didn't know I insulted you. Didn't mean to. Just joined the discussion or rather arguement yesterday. I don't mind messing w/mike for awhile. I got nothing to lose. I don't think Mike understands the core mission of Primerica which is why he gets so freaked out. Not that anyone here is going to be swayed either way but to me it just seems better if we don't lower ourselves to Mike's level. Peace.
spanker6971 1 year ago
@spanker6971 Please lower yourselves? Your stated market is middle to low income families so please stop with the nonsense.
insurancemike10 1 year ago
@insurancemike10 I don't think I said that Mike. Anyway it doesn't matter I can't change your mind and you can't change mine and you have proven yourself over and over to be very low class so you're not worth my time any more. It's sad to think of how many widows w/children who you sold $25-50k policies to because that's all they could afford when they could have had $300-500k for the same dollars. Now they struggle financially when they could be comfortable. Who should be in jail?
spanker6971 1 year ago
@insurancemike10: What seminar? You're having another seminar on how to be a dickless liar? Why do ordelies not detain you? IllegalMichelle you just proved once again that you're the real moron, because how the hell does someone know when they're about to die, unless their terminally ill? Can you forsee a tragic accident or murder? Are you really that stupid?!
jgilles85 1 year ago
@insurancemike10 Yes the idiots do come out on this site. As matter of fact I'm talking to one right now. All of these bull shit terms you come up with that have nothing to do with life insurance, so you have an excuse to sell garbage WL. Meanwhile nobody needs life insurance until they die, but your too crooked to realize it!
jgilles85 1 year ago
@jgilles85 Thanks for stating once again what a moron you are, I'm clipping this one for my next seminar, you guys supply me the best quotes. Are you nuts? Now you are saying we don't need life insurance until we die? Wow that's a good one. Yes people give all those premiums to the insurance company and right before you die call them and say - guess what, I DON"T NEED IT ANYMORE!!! Go ahead and you keep the premiums and screw my wife, my children, my grandkid, my charities!!! Too funny
insurancemike10 1 year ago
Man do the idiots come out on this site. Buying term and investing the diff can't work if you plan to maintain your life ins until you die, which you would do if you are doing wealth transfers, legacy planning, estate planning, special needs planning. Why is this so? Because the term rates go up, very much, upon renewal which gives you less to invest. term eventually will expire leaving you with no coverage. A whole life plan will out perform this strategy within 15-20 years - guaranteed
insurancemike10 1 year ago
@insurancemike10 sigh.........just plain dumb.
probslpwtyormama 1 year ago
@insurancemike10 Wow you're challenging someone who hasn't posted in a year! You just noticed that post up there moron? You're so full of shit it's onreal! Whole Life's value triples over time? I come across one of you're clients I will so have you your license revoked and you put behind bars! Oh wait that's right that's already what happened, because you're in the nut house! I forgot, so if you don't stop lying I will have to call the orderlies on you!
jgilles85 1 year ago
@jgilles85 you don't help your case by insulting this guy. You only show your ignorance. Speak to how his statements are misguided and false not to his sexual conduct or lack of mental capacity. When you educate the consumer it is very easy for them to see how much better term is vs whole life. No need to make yourself look stupid by getting so nasty.
spanker6971 1 year ago
@spanker6971 He makes himself look stupid each and every day. And you my friend are in the same boat - I'll give you a shot - How is it that Primerica's expensive term better than WL? Prove it - you have one shot. And remember, there are tons of life carriers with cheaper and better term than yours!!!
insurancemike10 1 year ago
@insurancemike10 Since I'm not in Primerica I can't really site specifics but since you seem to know their rates why don't you do an honest comparison for a 25 yr old non-smoker who needs $200k worth of coverage. How much will your plan cost and how much will the Primerica plan cost? Take the difference and put it in an imaginary bond fund returning 6% or 5% if you prefer, compare the 20yr projection to your C/V. Yes there is cheaper term but if it's never offered what good is it?
spanker6971 1 year ago
@spanker6971 First bonds are at 4%, second if you are selling a 25 yo 20 year level you should be arrested!!! No need to debate you!!! And are you calculating the lost opportunity cost of the term premium? Meaning take the premium paid to term, which wont pay a claim, invest it at 6% or better and at the end of 20 years thats your real cost, but it continues as if you don'