Whole Life Insurance – Explanation
An explanation of whole life insurance and universal life insurance
This entry was posted by admin on July 26, 2010 at 4:25 pm, and is filed under Insurance. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#3 written by jgilles85 1 year ago
@c0rg0tswa99 Notice how illegalmike can only do what he claims only Primerica agents can do; call names. He can’t answer questions because that would be something he doesn’t have the brains or balls to do. So I’ll answer your question for him. The reason life insurance is the only insurance with an investment is because life insurance companies are cheating scum bags like illegalmike!
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#4 written by insurancemike10 1 year ago
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#8 written by insurancemike10 1 year ago
@c0rg0tswa99 The cash value drives upbthe death benefit you idiot so they do get it. You might want to re read your manuals. And what happens to all that premium you pay for that term? Do you get it back? Does your family ever get that death benefit? Chances are 98% that they never get a thing. Nice try
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#9 written by jgilles85 1 year ago
@insurancemike10 Again you’re showing your stupidity. First off Roth IRA’s are tax deffered so what taxes? Second if you eliminate debts, living expenses add to less than 50k year for most people. 3rd mutual funds avg more like 12% not 5. 4th how much do you have on your alleged wife? Could she live off of that? Last you’re full of shit, because the cash value doesn’t drive up any death benefit! That’s right I cursed because you’re a liar! In whole life you only get 1 CV or FV not both liar!
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#10 written by jgilles85 1 year ago
@insurancemike10 See how IllegalMike has no balls and wouldn’t explain how much coverage he has on his rubber woman wife. He says she can’t live off of 1 million dollars. I bet their insurance policy is less than that! If not Mike then answer! Oh that’s right that would take balls. I forgot who I was talking to there, because you have none!
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#12 written by insurancemike10 1 year ago
@jgilles85 You are a retirement planning moron – how much can one invest in a Roth? $5k? Wow can you live off that and what it earns? I hope not. Mutual funds that do over 12% in the last ten years? Really? The S&P ave was negative so I guess the mutual funds you reference are in rare coins and high risk ventures? And when they go bad, and they do what then? If you can live off $1 million for the rest of your life than I feel sorry for you. Where I live it would pay the bills!!!
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#13 written by insurancemike10 1 year ago
@jgilles85 And then you speak to elminating debt? You Primerica tools market to the poor and middle class, who do you think are the ones in debt? How in the world are they going to get out of that debt when you sell them overpriced term. And the nerve of you to sell them mutual funds, they don’t need mutual funds, they need financial planning which you can’t do with your Series 6 license. You state mutual funds as they and variable life/annuities are the only thing you can sell. Exposed
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#14 written by insurancemike10 1 year ago
This takes the cake – Jgillis claims on another post he can invest $5k/year and have $5 million at retirement – lets do that math shall we – - so you can invest $5k/year and have $5 million – wow if that’s over 30 years you’ll return 19% – Please tell us how you do that!!! MORON, Over 35 year – 15.53% and if only 25 year – 24.65% – Wow you are so full of crap its simply amazing!!! Are you for real? Do you tell clients this? All this with just a Series 6 license – you are an idiot!!!
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#15 written by insurancemike10 1 year ago
This takes the cake – Jgillis claims on another post he can invest $5k/year and have $5 million at retirement – lets do that math shall we – - so you can invest $5k/year and have $5 million – wow if that’s over 30 years you’ll return 19% – Please tell us how you do that!!! MORON, Over 35 year – 15.53% and if only 25 year – 24.65% – Wow you are so full of crap its simply amazing!!! Are you for real? Do you tell clients this? All this with just a Series 6 license – you are an idiot!!!
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#17 written by jgilles85 1 year ago
@insurancemike10 You are stupid. If you had a balance of $0 and contributed 5k on a year on a monthly basis you would over 19 Million at a 19% ROR. Also I didn’t say what current balance is either did I? I didn’t say those numbers were from a begginning balance of $0! See your the retirement planning idiot because you don’t get the info before you decide something! The advice you give people is how to give their hard earned money to your pockets
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#19 written by jgilles85 1 year ago
@insurancemike10 Hey idiot I’m not the fool you are! I didn’t back off on any math because I never said what the current balance is. 2nd your challenged in math because you think whole life is a good product. Stop sucking dick and grow one! How much coverage do you have on the wife you claim you have? You said she can’t live off of $1Million so tell me what she would get if you died? Come on answer the question or I will keep posting what a chicken shit you are!
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#21 written by jgilles85 1 year ago
See how Mikey has no balls and can’t give a direct answer! He told me that he still needs life insurance at an older age because his wife and most people can’t live off a $1M. So how much coverage does he have on her? More than $1M? Doubt it but he is too Chicken Shit to answer proving that he is done here! Now watch him come back with a response to a different subject that has nothing to do with the question or topic at hand!
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#22 written by jgilles85 1 year ago
@insurancemike10 See how you backed off on your math?! First you need 19% to get $5Million and now it will give you $23Million? You idiot you contridicted yourself again! I never said the clients earn 19% jack ass your the one who brought up that example so you lose again!!!!!!! Also answer my question chicken shit! How much coverage do you have on your wife?
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#23 written by insurancemike10 1 year ago
Now what we are really hoping for and I’ve been waiting all weekend to see is how Probchild and Jgillie came up with this – and note this is the math they use with clients – from Jgillie “if you invest $5k/year for 39 years at 12% you will have $5 million” Too funny but you’d be $1,6 million short!!! Add this math to the expensive term and overprice mutual funds they sell and you have a first class scam aritist!!!
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#24 written by insurancemike10 1 year ago
@jgilles85 I haven’t backed off – you were the one caught with lying math – $5 million in 39 years by investing $5k/year at 12%??? tsk tsk tsk. Just because your clients can’t do math doesn’t mean you can BS the world – face it you’ve lost all of your creditbility – you may as well submit. oh – and nice cursing, shows the pro you really are.
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#25 written by jgilles85 1 year ago
@insurancemike10 You did back off on your math because in one post you said 19% would earn $5Million and in the other you said $23Million! Also you are obviously incappable of reading because I didn’t say the current balance in my IRA! Your assuming those are numbers for a brand new account when I’ve had mine for years! Also why would I submit to a fool that has proved nothing and why do you complain about cursing? You’ve also cursed in your posts as well! You are a walking contradiction! Fool!
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@insurancemike10
then how come we don’t have investment attached to our car insurance, mortgage,health insurance. Because they don’t mix