Financial Information
Dave Ramsey Life Insurance Explained – Slams Whole Life
whole life insurance
Here is how and why you should buy TERM LIFE Insurance!
This entry was posted by admin on September 2, 2010 at 6:53 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 insurancemike10 1 year ago
@jchibb Another moron!!! Please explain the sunset provision moron!!! IF anything it makes a bigger case for permanent coverage as the estate tax comes BACK in 2011 with the old exemptions of $1 million and NOT $3.5 million therefore creating estate tax problems for many more people!! And term is ONLY good for temporary needs. Ever hear of wealth transfer? estate planning? special needs planning? legacy planning? retirment planning?
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#4 written by insurancemike10 1 year ago
Hey bond boy and the rest of the Primerica tools – you have 100k, you make 100% what do you have? 200K, you then lose 50% what do you have? 100K – what was your ave. rate of return? 25%!!! BUT your actual is 0% – net out fees and taxes you would have less. See now how a 10.10 net of 30% tax and 1.5% fees each year plus the timing of pulling assets in 2009 can result in 1% net return? Get it idiots? Do you? Do you really have a series 6? Don’t they teach this? Please
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#5 written by jgilles85 1 year ago
@insurancemike10 IllegalMichelle you’re such a pussy! Why don’t you make the comment at Bond? Also you’re an idiot, because retirement accounts are tax deffered, but you’re a crook so I wouldn’t expect you to understand that! Also fees depend upon the fund moron! Lastly all the estate planning, wealth transfer, and legacy planning bull shit can be accomplished in other manners than WL without getting screwed out of the CV! Insurance isn’t about retirement you fucking crook!
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#8 written by jgilles85 1 year ago
@provc: Your absolutely right once you die you have no responsibility to the family you leave behind. What if your spouse already has a job and doens’t make enough to pay off the house and feed the kids! Or let some guy dumb enough to marry her clean up your mess! If you understood real life insurance you would know it’s not a scam unless you buy that shit Cash Value insurance! I used to think the same thing as you, but I learned that not all life insurance is bad and is a need!
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#12 written by jgilles85 1 year ago
@insurancemike10: IllegalMichelle thank you for showing what a moron you are! Actually it’s sad how stupid and crooked you are! If you don’t know what a broaker is then your brain has broken from all the crack you sniff! “What mutual funds are tax deffered?” Are you really that stupid? It’s not a matter of the funds, it’s the tax shelter of an IRA, 401k, 403b ect. that the funds are inside of. That proves your not securities licensed and have no clue about investments!
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#13 written by jgilles85 1 year ago
@insurancemike10: If you don’t know that claiming life insurance as an investment is illegal in the U.S. then you must also not be life licensed either! Agents have went to jail for that, and you went to nut house probably for the same thing! As far as the estate planning goes I’m not an estate planner, but I know that a will and trust are common tools used for estate planning that don’t rip people off like permanent life insurance does! Oh but I’m sure you’ll say differently though!
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#16 written by insurancemike10 1 year ago
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#18 written by jgilles85 1 year ago
@insurancemike10: Now you see IllegalMichelle that proves I have integrity, because I can correct my mistakes and tell the truth. So if you’re not a chicken shit agent like I know you are then answer the questions I have been asking! Who sells the mutual funds brokered by Primerica? Or are they Primerica mutual funds? Also what % of Whole Life policies pay out? Answer as I’ve asked you these questions a number of times!
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#20 written by insurancemike10 1 year ago
@jgilles85 It’s more than an error – this is whay you’ve been telling people for years and you sould lose your license for it. You’ve been misrepresenting facts for years. You state wrong calculations, you state wrong laws, you don’t know the income limits to a Roth, you lie about Primerica’s term Tsk Tsk Tsk
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#22 written by jgilles85 1 year ago
@insurancemike10: No asshole you that’s not what I’ve been telling any of my clients! I don’t deal with 401k’s to begin with idiot, because I’m not their employer! That’s why I didn’t know that right away so that has nothing to do with my license! Second you’re an idiot, because you can’t prove my calculations are wrong, because I never gave you all the variables! When are you gonna get that?! Also you’re a dumb ass, because I do know the income limits to a Roth and I don’t lie about insurance!
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#23 written by jgilles85 1 year ago
@insurancemike10: What have I ever said about Primerica’s term that is a lie? You should lose your licensce if you still even have it, because you lie about WL insurance! You lie about everything you post and the only times you do provide a legitimate source I use it to prove you wrong, because your so stupid!
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#24 written by jgilles85 1 year ago
@insurancemike10: IllegalMichelle you’re the best! Thank you so much for giving me the source to prove what a liar and a crook you are! These are the real figures from the source you gave me as of June 30, 2010
JP Morgan Chase Life insurance assets 0
Citibank Life insurance assets 4,363,000
TD National Association Life insurance assets 1,249,901
TD Bank USA, National Association Life insurance assets 0
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@jchibb: Whole life is a rip off to everyone that buys it. Now if someone owns it and becomes unhealthy and that person is un-insurable then they should look at all of their options. Keeping the whole life is one possibility but not always the best option.