100 Insurers Message Board

Subject: Re: Re: Re: Re: Re: follow up

Comments:
: : : : Ken Young, the debit collector, is talking about how bad the returns are on the cash values of whole life insurance. : : VUL'S combine protection with investments. : : Go to any companies web-site and look at the investment performance of the various sub-accounts that are contained in the policy. : : Look at the SEC required propectus, and look at what it has to say about the investments of the policy. : : You should never hide the fact that a VUL is insurance, but the VUL'S were designed as an investment vehicle with death protection. : : Why does the SEC and NASD require a series 6,63 securities license to sell VUL'S? : : The insurance business has pasted Ken Young by. : : He is still collecting a debit in his mind! : : Even whole life presentations taught to new agents stressed that if you didn't die by age 65 that you could use the cash values to help with your retirement income. : : BTW: : : In a VUL, if part of your money goes for the cost of ins. and the rest goes into the 40+ sub-accounts, like mutual funds, would you call that an investments? The non-insurance feature? : : : : : : : : : : There is certain info that I need about the VUL. : : : : You have many different choices as far as prem. are concerned. : : : : To use a VUL as an investment, you would want to over-fund it, Max. prem. Min. insurance. : : : : Or you could just pay "target" prem. : : : : Bottom line: BTID is better that a VUL paying less that Max. prem. which is the same as max. funding. : : : : IMO, you did the right thing. : : : : I can't compare to a whole life when Mike won't post the Whole LIfe numbers. : : : : How can you compare anything if you don't have anything to compare against? : : : : : : : : : : : Mike & Jax, : : : : : My posting to jax regarding my policy did not appear. I wrote that I bought a 30 yaer term policy with a death benefit of $350,000 for a yearly premium of $372. Comparing that policy to the vul the agent offered me i felt that my choice was the better one for me. I will invest the money i would have put in the vul in a roth ira. that was my decision. : : : : : Mike, I was hoping you would post some numbers for a vul that you would offer, but I don't think you will. It has dawned on me that you are most likely not even a life insurance agent. You CAN'T offer a plan because you don't have one. : : : : : I find it reprehensible that you would post on the : : : : : subject (pretending to give advice) when you have NO qualifications whatsoever. If you are an agent, please post a quote so this dicscusion can take place. : : : : : Jax, would you like to post a quote for a vul for someone in my position. perhaps then we can all see how the two options compare. : : : : : thank you. : : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : : Gentlemen, I have a problem when anyone addresses any form of life insurance as an "Ivestment", and so do State D.O.I's. : : : Live insurance's purpose is not an investment it is designed for a substitution for lost income in the event of an unexpected untimely death. : : : The cash value build-up in any form of life insurance is simply a forced savings plan and nothing more than that. : : : Many agents and their companies who market life insurance as an "investment" have been taken to the cleaners at their trial so to say, by attorneys representing vitims of insurance companies and/or agent's who had orchestrated that the victim was purchasing "an investment". : : : The motto of the story is, "If you don't place your neck on a chopping block your neck will never be cut off". :-) : : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : JAXX kind of reminds me of the garb worn by a woman of the church. : For three years now he has covered his knowledge of life insurance with a "BAD HABIT" of pretending to know what he is yammering about. : I still have a message in my files I downloaded were Jaxx posted the question, "What is a dividend". : For a guy with only eight-months of being licensed in the industry he sure reads alot but he has absolutely little to no practicle experience in applying what he has read. : Sorry but I have a zero tolerance level for habitial losers who attempt to con the public into believing they are well versed in what they post. : This would be especially true when they face me off in a court room and wind up tucking their tails between their legs running for cover across the border for fear of the consequeses they are going to have to face when they were defeated soundly in a court room by me. : Jaxx's porno web site on NW Domain was thrown off the roadrunner provider because the opening statement you hear when you link to it is Jaxx telling his viewers to go "F" themselves. : Below I have listed the link to Jaxx's website. Once you link to it wait about three minutes and it will change to illustrate a picture of JAXX calling himself "Dr. Popeye-X" : We simply doen't need his type of trash in the industry moreover than him offering insurance advice over the Internet. : How about it owner of the 100insurers website? Is JAXX the type of Charlatan you want to be frequenting your publication? : Please view his website and then delete this message. I just wanted you to see for yourself. : DISGUSTING CHARACTER MOST WOULD AGREE.

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