orionshand… …
orionshand…typically i wouldn’t even take the time to concern myself with internet junkies…you, or anyone else. Before you criticize others or their company, you best get your facts straight. This IS my full time career, I do run a very successful agency and I wholeheartedly agree with BTID. I did long before I even heard of ALW/Primerica. It’s financially more prudent. Period.

By whtabiz1 on Nov 28, 2008

Well dumbass, the …
Well dumbass, the goal is to purchase term insurance and invest the difference you would normally buy on a WL policy in mutual funds and over 30 years you become self-insured. Mutual funds through an IRA or 401K average about 11% over a 30 year period. Your ty whole life policy roi is about 4% (less than the rate od inflation). Again, go listen to Dave Ramsey, Suzie Ormon…get their take

By astroman30 on Nov 28, 2008

so when the terms …
so when the terms over and i’m not dead i just lose my money and that’s it….hmm lets see

By EsqMrs on Nov 28, 2008

Never purchase …
Never purchase whole/universal/cash policies! They are a complete rip-off. Never use insurance as a means of investing. Buy term insurance for much less and your payout to your family is better than whole life. Listen to Dave Ramsey, Suzie Ormond, Smart Money, Consumer Reports…etc

By astroman30 on Nov 28, 2008

oriodshand ure so …
oriodshand ure so gay u need to calm down. insurance is insurance not an investment. 3-4 percent lmfao thats all i have to say

By od4realXX on Nov 28, 2008

For a $100,000 life …
For a $100,000 life insurance you can spend $200 annually with a term – You would pay $1200 for a whole life policy. The reason the agent sells cash value policies, is because a higher commission.

By jclimon on Nov 28, 2008

Here’s the problem …
Here’s the problem with the internet: people like you who are not qualified at all to give financial advice still do so, despite that being against the law. Do yourself a favor and actually do this full-time as a career rather than a part time insurance salesman with an MLM company, then you may understand the ignorance behind that statement.

By orionshand on Nov 28, 2008

And with your …
And with your spelling, why should any of us OR our clients trust you with that trash advice? Keep making your upline managers happy at Primerica and sell more term please so I can explain to your clients that they’re not getting any sort of return on their money from the insurance, period.

By orionshand on Nov 28, 2008

that ABSOLUTELY is …
that ABSOLUTELY is NOT TRUE. Do you even have experience+training+licensing, or are you just another MLM-er with an insurance license who works for your upline at Primerica?

By orionshand on Nov 28, 2008

tisk tisk my friend …
tisk tisk my friend. y would i try to get a 4% at a bank when i can get that plus way more in a mutual fund? (12 percent average buddy) But term and invest the difference and ull tell me in 40 years from now how much u will have in a whole life vs from term and investing.

By od4realXX on Nov 28, 2008

iamamadcrapper: Ha, …
iamamadcrapper: Ha, this is my last post for awhile I promise. I noticed you worded your statement “no clients to go see.” I find this interesting because my clients come to my office where they interact with me in a professional setting. Going to see people outside of your office seems like something a salesmen would do.

By thatpsychostud on Nov 28, 2008

jason9156: Yes, …
jason9156: Yes, with a Roth you can take out the money you put in or all of it for those exceptions. You can withdrawal money from a WL policy as well on a FIFO basis so there’s no taxable event until you’ve spent all the basis.

By thatpsychostud on Nov 28, 2008

iamamadcrapper: …
iamamadcrapper: this is my free time. and it’s also good research to look around to see what sort of ideas are out there. i find it enjoyable to spar with you BTID people. i think we all want what’s best for our clients. we have access to different information and the use of that information is played out on these message boards. but yes, a good debate keeps me coming back.

By thatpsychostud on Nov 28, 2008

Are you serious? …
Are you serious? Are you that blind? At the bare minimum it would grow at 4%. Even with an 8% int rate on your policy loan, you just accessed money for a fixed 4% rate. Go try to get that from a bank. Plus we know that 40 yr avg is at 7.8%. Your loan int with that number…0.2%. Are you still lmfao?

By thatpsychostud on Nov 28, 2008

You can set up a WL …
You can set up a WL policy to be paid up by a certain age. You can also pay for the premium from the cash value of the policy. Term can never beat WL in the long run as a financial instrument. Having a WL policy allows you to spend down other ets, like an IRA or 401k, instead of just living off the interest. So your cash flow in retirement is increased. Chasing after high rates of return is foolish. What actually increases cash flow is smart.

By thatpsychostud on Nov 28, 2008

lmfao u can use it …
lmfao u can use it for a college fund? lmfao how by borrowing ure own money when it grows at 4 percent and return it at 6-8 percent? then after all that if u dont pay it back u lose that amount from ure coverage… wat a rip off

By od4realXX on Nov 28, 2008

Jeez- pscho stud …
Jeez- pscho stud musthave no clients to go see. Psycho’s comments are all over every one of these videos that crap on crap value. Primerica- keep up the good work!!!

By iamamadcrapper on Nov 28, 2008

Actually with the …
Actually with the Roth IRA, you can take the money out for certain reasons without a penalty. You can take it out for 1st time home purchase, and children’s education expenses. Also, a family should have three different accounts for savings. 1. emergency fund, 2. Short term saving, and 3. Long term savings. With the emergency fund, you don’t have to pay back your own money. With WL, you can borrow your own money, and pay interest on it. Does not make much sense.

By jason9156 on Nov 28, 2008

Hi! I have a …
Hi! I have a question for you. I have a Universal life insurance policy with a flexible premium thru OM Financial. I was told that this was a great investment due to the fact that I could use the dollar amount that is saved in the policy for future purchases. Then someone told me that this type of insurance was the worst thing you could have. Can U help me?

By chadgresham on Nov 28, 2008

thatpsych…your a …
thatpsych…your a bit funny u kno that? With a name like whole life, u dont pay for ure whole life? And dont give me that it pays for itself crap cuz u already kno what happens with that. And another thing. after 40 yrs 7.8% as compared to a mutual fund that in any 10 yr period from the 1800s has given an average of 11.98% So dont tell me that whole life is the way to go. Just fall back and watch how term easily defeats ure product

By od4realXX on Nov 28, 2008

Wow… Trash value …
Wow… Trash value policies suck! Don’t let anyone fool you.
Buy Term and Invest the difference!

The only reason Whole Life, Variable Life or VUL are sold is because there is more commission for the agents.

Most of these agents own Term policies and have their investments SEPARATED!!

By jclimon on Nov 28, 2008

You’re going to …
You’re going to miss out on a lot in life if you use a philosophy that restricts you from doing anything that has a high initial price.

It’s good to be skeptical! But have an open mind. Do research. I’m sure lots of what I’ve said in this thread has been new information to most if not all of you. Why is that? Are you getting misinformation. Nothing I’ve said has been opinion. I’m using numbers and policy facts. I find it interesting to have these discussions. Keep em coming.

By thatpsychostud on Nov 28, 2008

I don’t see how the …
I don’t see how the bottom line can be, what pays the agent more? Sure it’s a higher commission, that goes for every life insurance company out there, even ones who do mostly term! It’s not like there are these evil companies who want to provide a high incentive to promote a junk product. Although, it sounds like you think that.

These policies cost more because they pay out much much more often than term. If you pay the premium, your estate gets the money.

By thatpsychostud on Nov 28, 2008

One of the benefits …
One of the benefits to whole life over a Roth IRA is that when the money is taken out (loaned) the money continues to grow at your 4% guaranteed through a mutual company and whatever you get abover that (that 7.8% 40yr avg). The money keeps growing, unlike a Roth which doesn’t have that feature.

So you gain valuable liquidity to be able to finance a car, home, etc. through yourself instead of paying high interest to a bank.

By thatpsychostud on Nov 28, 2008

I should hope it …
I should hope it was obvious to you that I have a vested interest. The average person doesn’t have access to this information unless they consult someone like me extensively, plus they have tons of misinformation coming their way. People like Primerica promote Term exclusively, while Smith Barney (also under Citigroup) talks on their website about how whole life can act as an investment vehicle during your lifetime. One company (Citigroup), with conflicting messages. Talk about misinformation.

By thatpsychostud on Nov 28, 2008