elizavalentina
New Member
- 3
Hi everyone! I'm new to this forum but I have a few things to bring to your attention to those who are thinking of purchasing insurance and to the brokers who sell these products.
First I'd like to say that LIFE insurance should solemnly be used to protect your income if God forbid something were to ever happen to you. In my years experienced as an agent I will never sell WL or UL products to my clients. WHY? Because who wants to fund an account every month with 300 to 600 $ and then be told that they have to "borrow" their own money? You can just put that under your pillow every month and use your money whenever you please. Not to mention most of these cash value accounts work at a 4% and require you to borrow at an 8% loan interest. Please be smart and buy Term.
I had a client paying 155 a month for 150k and according to the guaranteed section of the illustration she wasn't going to have a policy in 10 years.... I gave her 150 a month for 500k
Go figure.
If you want to have an "investment" account and actually grow your own money I suggest opening a mutual fund, IRA, Roth IRA where your money will grow up to 15%
this post is not for the purpose to offend any agents, it is only the way I work with my clients.
FEEDBACK IS WELCOMED have a nice day
First I'd like to say that LIFE insurance should solemnly be used to protect your income if God forbid something were to ever happen to you. In my years experienced as an agent I will never sell WL or UL products to my clients. WHY? Because who wants to fund an account every month with 300 to 600 $ and then be told that they have to "borrow" their own money? You can just put that under your pillow every month and use your money whenever you please. Not to mention most of these cash value accounts work at a 4% and require you to borrow at an 8% loan interest. Please be smart and buy Term.
I had a client paying 155 a month for 150k and according to the guaranteed section of the illustration she wasn't going to have a policy in 10 years.... I gave her 150 a month for 500k
Go figure.
If you want to have an "investment" account and actually grow your own money I suggest opening a mutual fund, IRA, Roth IRA where your money will grow up to 15%
this post is not for the purpose to offend any agents, it is only the way I work with my clients.
FEEDBACK IS WELCOMED have a nice day