this got to be the …
this got to be the worst advice I have ever heard. Why not just put your money into a Variable Annuity that gaurantees 4 – 7% returns no matter what the market does. And if the market goes back up…you’ll get the higher market returns. It’s great for everyone specially those with high net worth investors.

By Wawoy1 on Dec 15, 2008

Holy Crap this is …
Holy Crap this is garbage!

By CIApunisher916 on Dec 15, 2008

BULL !!!!!!!!!!!!!! …
BULL !!!!!!!!!!!!!!!!!!
What a common new-age scam…..
YOU DIE AND THE COMPANY KEEPS THE INVESTMENTS/CASH VALUE !!!!!!!!!!!!!!!!!

THE FIRST FEW YEARS NONE OF THE MONEY GOES TO YOUR “INVESTMENTS/CASH VALUE” IT ALL GOES TO THE AGENTS HIGH-COMMISSION…. WHAT A CROC….

AND IF YOU WANTED TO USE SOME OF THE MONEY, YOU HAVE TO TAKE A LOAN OUT? WAIT JUST A SECOND, LAST TIME I CHECKED, WHEN I GO TO MY BANK, I DONT HAVE TO PAY THEM TO GIVE ME MY OWN MONEY!!!!

WHAT A SCAM!!

AVOID AT ALL COSTS!

By jayjota on Dec 15, 2008

Since only about 4 …
Since only about 4 or maybe 5% of the population are in the higher net worth that you speak of, and the fact that Primerica’s niche is to ist the other 95%, why would you need a choice then (I would ume you are part of the 95%). On top of the fact that any credible publication or finacial expert will always tell you to buy term ins and invest the difference. As far as “agenda”, our goal is to “Help” families by giving them products that work, not illustrations that “hope”.

By blanti on Dec 15, 2008

So you make over …
So you make over 150k a year? I don’t believe you, but I’ll answer your question anyways. According to Dave Ramsey’s website, mutual funds are the way to go. They have averaged an roi of about 11% since the great depression. WL’s averaged about 4%, that’s less than the rate of inflation. I personally like real estate. You can buy foreclosures cheap now, fix them up and rent them. Later when the economy gets better, flip them. Plus the tax benefits are good too. See his website.

By astroman30 on Dec 15, 2008

I don’t have a 401k …
I don’t have a 401k, make too much for a Roth, can’t deduct a T-IRA, don’t want a SEP (for employee matching reasons). Where can I grow some of my money tax-deferred (I’m in the 35% bracket) at a stable rate of return? And please don’t mention annuities cause I don’t want it locked up until I’m 60.

By desmoluvr on Dec 15, 2008

“Dave Ramsey, suzie …
“Dave Ramsey, suzie orman, Smart Money, consumer reports” all cater to the same individuals-the average American which is fine – buy term and investing the difference is probably most appropriate for them. However, for higher net worth individuals or people who will be at some point there are plenty of credible reasons to have a perm policy as part of their financial plan. See the diff is I was given a choice by my planner – you (Primerica) don’t give people a choice – you force your agenda.

By desmoluvr on Dec 15, 2008

I didn’t state that …
I didn’t state that this video said to replace MF’s with WL. I was in discussion with these holes who say WL’s are great investment tools which is bs. You can invest in a 401K buying mutual funds (Compounded; Tax Free)Purchase term insurance and get rid of the ty Whole/universal/cash policy. Again, look up Dave Ramsey, suzie orman, Smart Money, consumer reports….they will say the same thing I’m stating.

By astroman30 on Dec 15, 2008

Wow! You need to …
Wow! You need to work on your anger issues! You did not mention a 401k you said “mutual funds”. This video does not say replace your MFs with WL – they talk about supplementing your portfolio with a stable et – WL ins. And these guys are working with and advising a group of people that are much wealthier than the average American. Does the guy making $48K a year and paying 12% in taxes need perm ins? Maybe, maybe not. That’s for him to decide with a competent advisor.

By desmoluvr on Dec 15, 2008

Hey dipshit…..” …
Hey dipshit…..”The portion of salary that got diverted into the 401(k) goes into an account that gets invested in different ways, usually into mutual funds. Those investments grow on a tax-deferred basis, meaning that the year-by-year growth of the investments is also not added to anyone’s taxable income.”….Straight out of wikipedia website. Btw, ALL wl policies are ty! Go look up Dave Ramsey, Suzie Orman, Smart Money Magazine get their input.

By astroman30 on Dec 15, 2008

I am with obe231!! …
I am with obe231!! AMEN! if you die, they keep your cash value, you pay for 2 things and you get 1. Why would dividends buy more insurance every year??? it just becomes more and more expensive. Screw that! There is always option B in the Cash Value Policy, which costs you a fortune!!

By jclimon on Dec 15, 2008

AMEN Brother!! you …
AMEN Brother!! you are 100% right.

By jclimon on Dec 15, 2008

Mutual funds DO NOT …
Mutual funds DO NOT grow tax free. IRA’s do. Get your facts straight! A good (ie., not ty) WL policy is going to earn 5.5% plus over its life. As these guys in this video said, for the “safe” portion of your portfolio it is a great place to put some (NOT ALL) of your money. Why can’t you “term” only people see the logic? It is rather amusing to read your posts though.

By desmoluvr on Dec 15, 2008

Funds are NOT …
Funds are NOT tax-free/tax-deferred (unless your talking muni’s) that is the IRS characterization of the account. The guys in this video were talking about putting a portion of your investment in a WL policy not the whole thing. The top companies, NYL, Northwestern, etc pay about 5.5% over the life of the policy. That’s strong considering what is going on now. According to Morningstar average US Stock fund has earned 5.4% over 10 years, average balanced fund 4.2% with greater risk at that.

By desmoluvr on Dec 15, 2008

Term Insurance is …
Term Insurance is the oldest way of insurance ever sold. Insurance was never design as an investment vehicle! Whole like agents make waaaay much more money than Term insurance agents.

PLEASE DO YOUR RESEARCH!!!

By jclimon on Dec 15, 2008

Oh my gosh!! This …
Oh my gosh!! This is nasty!

Please, please please! do not invest in Life Insurance. There are PLENTY of funds out there, tax free, tax deferred, you name it averaging between 8-12%.

Listen to Dave Ramsey and Suze Orman! Dont believe me, but I will be more than happy to share my thoughts for you to do your own research.

By jclimon on Dec 15, 2008

rbloomclu…that’s …
rbloomclu…that’s not a “conservative element” That’s a ty element. You are telling your “clients” to invest in something that is growing less than the rate of inflation. All the money they are paying in will never be seen again. Because, as you know, the money that is paid in is pure profit to the agent. Again, whole life policy should NEVER be purchased as an investment. I’m not with Primerica…. I’m with Dave Ramsey, Suzie Ormond, Smart Money Magazine and Consumer Reports

By astroman30 on Dec 15, 2008

What is your ROI in …
What is your ROI in your mutual funds since 1999? -40%? Most people have not invested since 1929 so that 11% figure is a bit disingenuous. It’s fine if you want to risk your money but don’t ignore the risk while ridiculing conservative investments. The market is way down…my clients(yes I am a financial planner) appreciate their conservative elements of their portfolio right now. And that may include life insurance. Did nothing from the above video make sense to you? Are you with Primerica?

By rbloomclu on Dec 15, 2008

Hey prosperbc ever …
Hey prosperbc ever heard of mutual funds? They have averaged a roi of 11% since the great depression. And it grows compounded TAX FREE. Your ty whole life policies average (at best ) 4% roi. That’s less than the rate of inflation. Plus term is MUCH cheaper to purchase than whole. Never buy insurance as means of investments.

By astroman30 on Dec 15, 2008

@kakuhoa7…I feel …
@kakuhoa7…I feel bad for you. If it were trash value, how come the IRS limits the amount of money you can put in a policy in relation to the amount of insurance? It’s called a Modified Endowment Contract. In the 80s people realized how awesome permanent life insurance was and were putting HUGE amounts of money straight to cash value with low insurance coverage. Since the policy is so tax favorable, the IRS had to put in some restrictions. Today we can do the same thing within the MEC limits.

By thatpsychostud on Dec 15, 2008

It seems I have …
It seems I have come across other intelligent life on this board.

By prospersbc on Dec 15, 2008

am a financial …
am a financial advisor that sells whole life and term life, usually whole life to business owners who understand how to use the product effectively for getting tax free dollars out of there business. When I work with families, it is usually a mix of term and whole life. But I would challenge anyone in the world to show me a place where my clients could put money to grow on a tax-deferred basis, take tax free withdrawls on earnings and pay no penalties before age 59.5 and get insurance on top

By prospersbc on Dec 15, 2008

Everyone should …
Everyone should read their life policy. Ah, that’s right, they are written by lawyers to confuse other lawyers. If that’s the case then how is the general public supposed to understand what’s in their policy. LIFE INSURANCE WAS NEVER MEANT TO BE AN INVESTMENT. Whole life is an annual renewable(premium rises every year)term policy with a savings attatched. They hide the rising cost with the so called savings. You have no control of the savings because it’s in the insurance company’s name

By hoenkes on Dec 15, 2008

you have no idea …
you have no idea what your talking about or know how to read a policy your probably a trash value agent anyway.

By kahukoa7 on Dec 15, 2008

Yes I am as well – …
Yes I am as well – and to answer all of your questions no I am not I am not shocked, not challenged.

Who are you even contracted with? Term insurance earns the lowest commission but is the most profitable because of the risk aversion that comes along with it – a high percentage of people often do not benefit from term insurance.

I forget what we are even arguing about…

By stupidaznmunkey on Dec 15, 2008