 Insurance Question? |
| If you work part-time with no health insurance, can you purchase insurance through your company or purchase your own insurance coverage outside or your company?... |
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 ROP term life insurance? |
| Anyone heard of this or has it? I'm thinking of getting this type on insurance but am unsure. Are all life insurance cut and dry or what? I know we can't afford whole life so that's ... |
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 What are some benefits comparing a PPO an an HMO? |
Open enrollment is coming up and my wife and i are trying to decide what to go with for health insurance-- a PPO or an HMO.
Does anyone have any positive or negative things to say about ... |
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 How does marriage affect insurance with pregnancy? |
| Ok, so we recently found out that my fiancee is pregnant. We are getting married in two months now. She is currently on her mother's insurance, which DOES cover pregnancy. When we get married ... |
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 Can you tell me which is the best pension plan ?? |
i m 23 years old ,if i save monthly 2000 then at 58 years i get pension ! which is
the best pension plan can you suggest me ??
plz ???... |
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 On my Insurance what is the medical payments to each person? |
Here is what my policy states:
SECTION II
Liability Coverages Limits Of Liability
COVERAGEĂ„EĂ„PERSONAL LIABILITY
FOR EACH OCCURRENCE:
PROPERTY DAMAGE AND
BODILY IN... |
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 Legal usages of health insurance checks (read details)? |
| So here's my question in full: Is it legal for me to cash an insurance check made to myself (but intended for a third party's payment) for personal use? Could I then arrange monthly ... |
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 How do I locate Gulf life company insurance? |
| NEED TO KNOW WHO GULF LIFE INSUANCE COMPANY BECAME,IF THEY STILL R,AND HOW TO COLLECT ON WHOLE LIFE INSURANCE, JACSONVILLE ,FLA POLICYS DATE FROM 1950TO 1988,NEED TO KNOW WERE TO GO TO COLLECT,SO WE C... |
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 Car Insurance after College? |
| I was wondering if anyone knew what the deal is with auto insurance after a student graduates from college. I know that once I am no longer a student I lose medical insurance under my parents plan, ... |
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 In a Medical Malpractice situation, is it necessary to get a lawyer involved immediately......? |
| ...or should a member of the family approach to the responsible party, asking for compensation-first? This is an absolute negligence case, and two Registered Nurses are are family members, and ... |
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 House caught on fire, my ex is the main insured. how can i proceed? |
| i'm insured with safeco. the house caught on fire in march. apparently some changes were never made to the policy, including removing my ex from the policy. he no longer has an ownership ... |
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 What does a medical exam for life insurance entail? |
I'm not sure why I have to get a checkup. I'm 26 years old and healthy. What exactly will they test for and what am I going to be required to do?
Additional Details
Will they ... |
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 More insurance confusion - dividends? |
| Dividends can be used to purchase paid-up additions. "The dividend is taken by the company and used to purchase permanent insurance of the same type. The insurance is in effect a small single ... |
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 Drivng instructor....? |
| Im just finding out more about becoming a driving instructor. If they say you're self-employed does that mean that you're not going to get a payslip from them,they will transfer the money ... |
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lucstudent | Workable Business Opportunity? |
Variable Universal Life Insurance Policies (VUL) makes up over 20 percent of the Life Insurance Market. There are so many negatives to VULs. 1) Charges a ridiculously high fee every month. 2) Carries a huge surrender charge if you can't afford to maintain the policy or decides to exit the policy. 3) Average performance of about 8 percent a year. I find it is so much better to buy term life insurance for a one time fee and investing that difference somewhere else. Would you think it's great if we can convince ppl with VUL to exit their policy and switch to buying term life insurance and have us manage the money leftover? Would that be a great way to find clients or investors? |
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mbrcatz
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I wouldn't target people with VUL's. If they don't want to do their research and make their own decisions, next year someone else is going to switch them back.
I prefer thinking customers. |
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Mark S
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Twisting? Twisting? If you show the client how their policy works, what the problems are, THEN turn around, replace the VUL with term and invest the difference there is no twisting involved. NONE!!! But you MUST explain VUL to the client. Once they see how it works, they will be happy to change.
VUL is bad insurance. Rate of return does not come close to what agents tell people. Furthermore, some still tell them that it is an investment. This is wrong, also illegal. As the first answerer stated do not focus your time and energy here. Focus on developing a client base. As you work that way, you will come across these policies.
When you hear the claims of twisting, it is someone in a major insurance company who sells this stuff. VUL is the Insurance industry's answer to A.L. Williams/Primerica for buying term and investing the difference. Unfortunately, this insurance still, in most cases, is not the best for the client. If you Always work in the client's best interest there is nothing the industry can say to you or do to you to stop you. That was proved from the beginning, and still, with A.L. Williams/Primerica. We want the agents to keep writing this stuff so we can come through and fix that mess up. |
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Termite
 |
I want to add a 4th negative to you comment. In most cases if you die your family doesn't receive your savings (depends on if your policy has that option, which costs more if you do).
I am with Primerica, and that is what are company has been doing for 30 years now. Our goal is to completely eliminate all types of these policies. Buy term and invest the difference will ALWAYS prove to be a better strategy as long as you invest the difference.
The "forced discipline" can be solved by setting up an automatic draft from you checking account. |
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aaron p
 |
It's an overly-simplified approach. What if they want the protection for the rest of their life and they have a guarantee rider on their policy? Or what if they plan on borrowing from the policy with a wash loan and they have the overloan protection feature and the additional internal risks of the policy are suitable especially given their high tax bracket?
I don't think term would be a justifiable replacement in these cases.
Mark, I would chill out with the absolute statements. Didn't you just start with Primerica 2 months ago? Just because you went to a training camp or whatever doesn't mean you know everything. You know I'm not a big VUL fan, but it has its time and place. |
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Insurance
 |
What you intend to do is twisting and it is strictly prohibited unless you fully undertand the pro and cons and not just the commissions.
Most insurance products have their pros and cons. Term Life is cheaper and you may be thinking u can help them to manage their money better, but in reality to accumulate money it require more than ROI and Investment skill. The client need something called "HABIT". Insurance products are designed to help client to buid the saving habit as well. Eventhough the return is not that fantastic but they are able to save a little at a time plus the protection.
I will strongly suggest that u should not twist the policy and just invest their additional money with you
loihl@einsuran.com |
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