Re: Re: Re: Re: primerica

Subject: Re: Re: Re: Re: Re: primerica

Comments:
: Oh, Well by all means please educate me with all of your insurance wisdom. And please dont leave out Detailed explanations to the following points. : 1) If I die with money in my savings who will get the money? : 2) Why do most policys show a negitive rate of return for the first 3-5 years? : 3) What is the typical rate of return once your finally start seeing some? 2-3% if your lucky. : 4) How much does the Insurance company charge you to take a loan on your own money? : These are just a few points I would love you to explain. FYI- I was not trained through PFS, Have you ever been to the Library? Incredible place full of usefull information. Ask the lady at the front to show you how it works. Try checking out the book " The 9 Steps to Financial Freedom" by Suze Orman. She is not affiliated with PFS in any way and that is where much of my information came from. : But NICE TRY! : Where did you do your "research" in your RVP's bookshelf? The only thing your research shows is that you don't understand the mechanics of CV insurance and you have only been trained in what PFS wants you to be trained in. : : Nice try though. : : : Steve, : : : What is your deal? I noticed all of the time and effort you have spent over the last few months trying to bash Primerica. Do you have a life? Or have you been burned? In my experience Primerica has done a great deal of good for my family. I have researched the different types of life insurance on the market and have been horrified with what I have learned. Let me ask you this, if you currently own a life insurance policy that has been sold to you as a investment vehicle, you should call your agent and ask them three very important questions. 1) If I die with money in my savings who will get the money? 9 out of 10 times it wont be you or your family. The company will keep it and only give you the face value of your policy. Also if you borrow your own money, ask what intrest rate will you be paying on your own money!! Also if you have a 100,000 policy and you have borrowed $50,000 out of your cash value, and you die before you can pay your own money back to the insurance company,your family will only get $50,000 of your face amount and again none of the cash value in your investment. (This is not the case in all policys, however it is true in many of them.)It would be worth checking out with your agent, also read your policy carefully. Lastly, clarify with your agent what your rate of return is on your cash value, odds are it is 2 to 3 percent and that is not going to help you retire, heck that doesnt even keep up with inflation. : : : One last thing, just so you can sleep at night, call your agent and ask them how much money you have in your cash value. If you have been putting money away for 2-3 years, at $100.00 a month you should have a fair amount of money in there right? If you dont, you know that something is very wrong! : : : Ok Steve, Rip away. : : : I hope this helped some family out there from being taken to the bank. : : : : : : : : : we had a universal life policy sold to us by a : : : : : "friend" as an investment for our childrens : : : : : college. : : : : You obviously didn't do your research. Everbody knows that cash values in a policy are not an "investment." You should choose your friends more carefully and do better research. : : : : :This policy would have eventually cost us : : : : : our childrens future....meaning this.... it would: implode on itself well before our childs 18th: birthday and the cost to keep it in force at our: new attained age would have been astronamical. : : : : Explain what you mean by "implode." I've never heard that expression used before. I've also never heard of permanent insurance going up in price astronomically in 18 years or less. Are you sure you really understand the policy? Or are you just repeating what the Primerica agent told you? : : : : : : : : We : : : : : now have level 20 yr term, have our finances in : : : : : order, have paid off all debt (except for house) : : : : Just like that, huh? Had all this money laying around, and all this debt, and it never occurred to you to use the money you had laying around to pay the debt? LOL! Thank god for PFS! : : : : : and are on our way to sending our kids to college : : : : : as well as retiring with dignity. : : : : : It seems to me, maybe some of the negative : : : : : comments are due to someone who was not successful : : : : : in the business or maybe a whole life sales agent. : : : : It seems to me that I've heard that excuse about a kazillion times, and it always comes out of the mouth of a PFS agent. : : : : : : : : : By the way, my "friend" who sold me that piece of: #*+! policy and made one heck of a commmision, he : : : : : would'nt dare show his face to me now because he : : : : : knows he deceived me and my family. : : : : Sounds like you're an agent making up a whole lot of fiction. Very ethical. : : : : : In any business, you succeed by working harder : : : : : and smarter than your competition, treating your : : : : : customers with respect, truth and a genuine care : : : : : for their well being. : : : : Of course you do, unless you are in MLM. Then you succeed as a CEO by telling a bunch of exaggerations to 100,000 or more recruits, each of who spend a few thousand a year to make a couple of small sales to their friends and family. Did you know that the average number of policies sold by PFS reps for the year 2000 is 2? Yes, 2. : : : : That's 200,000 policies issued, each one making the CEO of Primerica richer, and a very small commission for each rep. It's easy to see who is working for whom in that deal. : : : : By the way, have you shopped around for a better deal on term yet? You're probably paying 40% more than you have to. And your investments? Laden with fees. Did you consolidate with Citifinancial? They are under an injunction for predatory lending. I think you probably got screwed again.

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