Ben Feldman's discounted dollars pitch is one that I always liked and have used but if someone actually lived to 121 or 100 on some policies then they wouldn't really be buying money at a discount, am I looking at it wrong? Sometimes I overthink these things and confuse myself.
Discounted Dollars
- Thread starter SamIam
- Start date
"I do not sell life insurance. I sell money. I sell dollars for pennies apiece. My dollars cost 3 cents per dollar per year."
Guess it depends on WHY someone is buying life insurance.
If it is for accumulated cash value, there are better choices
But if for the death benefit, Ben's pitch still holds true.
Guess it depends on WHY someone is buying life insurance.
If it is for accumulated cash value, there are better choices
But if for the death benefit, Ben's pitch still holds true.
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- 7,409
In part, that would depend on whether or not one would, or could, save the money they put in life insurance.
I would not have been able to save the $150 a year I put into life insurance the last 50 years so I would not have any cash at this time, discounted or not.
There is also a risk factor in your statement which I can't think out how to make a comment about.
- 11,081
The rate of return does decrease the longer someone lives. Especially if paying premiums for life.
On a 10pay, that statement holds extremely true.
Premium Offset, that statement holds true.
RPU, that statement holds true.
If you pay premiums to age 100 and are still living, you have a lot more than you paid in, but the rate of return on the DB has certainly decreased from when you were 80.
On a 10pay, that statement holds extremely true.
Premium Offset, that statement holds true.
RPU, that statement holds true.
If you pay premiums to age 100 and are still living, you have a lot more than you paid in, but the rate of return on the DB has certainly decreased from when you were 80.
