Re: Re: Re: Re: whole life

Subject: Re: Re: Re: Re: Re: whole life

Comments:
: : I do not like to call it an investment vehicle, as it is not an investment. A better : : term is savings accout, or cash accumulation, or even retirement vehicle. I think BTID : : works in some instances, such as where the need for insurance can result in a very high amount : : but where whole life would be very expensive. Or, in the case of a constrained family income. : : However, I have spoken with many who purchased life insurance from other companies and enjoy the tax : : defferal of life insurance and the consistency of return. : : Where this market has its dips, life insurance will keep plugging along and building your cash value. : : In addition, dividends can grow quite substantial, depending on where you get a policy, and provide even : : greater benefits over and above what could be possible through term and/or mutual funds. : : One thing to consider, if in the event you were disabled, what fund or vehicle would continue being funded? : : Now, if you have disability income, you'd still receive a reduced benefit, making it difficult to contribute to a 401k, especially if you're not working. : : Life insurance would continue. In the event of disability, provided you have the waiver of preimum rider attached, your policy will continue to grow as if you were : : paying it while you're disabled on a full time basis. This is excellent for people concerned with retirement, because come the ripe, old age of 60 or 65, you can : : annuitize those payments for retirement and take an income for life that can then be passed your spouse upon your death. : : Variable annuity would be a good shelter after you have satisfied the 401k, IRA, and life insurance side of things. It is important to take advantage of tax deferral and tax savings : : as well as any contributions available through your employer. From there, you must also have life insurance to provide for the safety and well-being of your family. If you look at life insurance : : as more than protection for your family, but also as funds available for retirement, it provides duplicate benefits that you can also enjoy at something more than your own death. : : Insurance is very complicated and can be arranged a variety of different ways. Term is not bad, but when it is sold out of the blue, just as if you need it without considering amounts or : : for what purpose, well, the sale is haphazard, and you're not as apt to appreciate all it can do, such as retirement, etc. I enjoy taking the time and covering all the bases possible to ensure : : that whatever need a client has we cover that. When considering amounts, an agent must understand what you want to provide for, then derive the amount and kind. : : Not to beat down Primerica, but I came a upon a person paying over $500 for insurance at a face amount of $200,000 sold casually on a golf course for the sole purpose of need without considering amount. : : When we met with this gentleman, being healthy, we knew we could get him $500,000 for roughly $350-400, significantly more, meeting his needs and at a better price. That was just a little FYI on my dealings. : : Certainly everyone is entitled to their own opinion. : : same length of term? : : Thanks all.

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