Does Dave Ramsey Have a Securities Registration?

[Revagent]

Additionally, Dave Ramsey doesn't think that anyone with a business or large estate will EVER have any estate taxes to pay. They're so wealthy from using his programs they don't mind paying estate taxes from their residual estates!

 

[stuy119]

Additionally, Dave Ramsey doesn't think that anyone with a business or large estate will EVER have any estate taxes to pay. They're so wealthy from using his programs they don't mind paying estate taxes from their residual estates!

Every dollar I pay to the US Government is a dollar I wish I had to spend on something else. Most people I know think similarly to myself.

 

[sman]

I think everyone feels that way. However, about half the country feels you should spend it on them.

Every dollar I pay to the US Government is a dollar I wish I had to spend on something else. Most people I know think similarly to myself.

 

[Wtprice]

I'm a fan of neither "financial guru", but I will say, as an insurance agent, I educate my clients concerning whole life insurance very similarly. I suggest they buy whole a small whole life policy (10-15k) to pay for the funeral and the remaining fluid expense should be covered by term. There are, of course, instances where that would change, but for your standard family, that is pretty reasonable advice.

As for paying your house off in 5 years, if I kept the same standard of living as we do today, we can do it in 8 years 4 months. I also bought my home in the lowest part of the market in 2008/2009, and it was a bargin. This isn't your standard situation, but I do believe if you live within your means, and not what the bank tells you your means are, then you can be in a good situation in 10 years.

Of course, everyone is different.

 

[0b1kanobee]

I heard, don't have facts yet but that term policy payout rate is 1 in 100.

Maybe that is taking into consideration ones purchased and premiums followed through, I don't know. Just something an agent from Midland told a group of us. I should of asked for factual evidence and an explanation.

Anybody have the real stats on this claim?

 

[xrac]

I heard, don't have facts yet but that term policy payout rate is 1 in 100.

Maybe that is taking into consideration ones purchased and premiums followed through, I don't know. Just something an agent from Midland told a group of us. I should of asked for factual evidence and an explanation.

Anybody have the real stats on this claim?

In the latest issue of InsuranceNewsNet Magazine Ian Freeman of NWML states that while NWML sells roughly 50% term and 50% WL on new policy that 97 percent of the claims that are paid out are for WL. The term policies either lapse, expire or are converted.

 

[Norwayguy]

In the latest issue of InsuranceNewsNet Magazine Ian Freeman of NWML states that while NWML sells roughly 50% term and 50% WL on new policy that 97 percent of the claims that are paid out are for WL. The term policies either lapse, expire or are converted.

Which makes sense most people that are young don't think they are going to die and are right and staticists bare that out...they buy the term in case of something happening not the certainty of death during the term, now this type of discussion with a client can lead in many directions from just straight standard no ROP term to the purchase of ROP term, mixed perm and term etc...there is no right or wrong on this one as long as while the need exists the coverage is there and that should be the first rule we all follow...additional benefits of perm products be it UL, GUL, WL whatever come after the need is met but thats just my opion.

 

[rdsoxfan58]

Stop worrying about what Dave says and let the people buy what they want. If they live by Dave- sell them a big freaking term policy

 

[Chad.C.O]

I have always had good luck with Dave's advice. Especially with his advice on debt.

 

[xrac]

I have always had good luck with Dave's advice. Especially with his advice on debt.

Have you averaged a 12% return on your mutual funds?