Jun 19, 2022
1:22:43pm
1:22:43pm
That's an ignorant response.
Go look at the percentage of all life insurance policies and how much actually pay out a death claim. You'll find it's under 20%.
I will beat whole life every single solitary time, and universal life every single solitary time, when I run the numbers against buy tern and invest difference. The CLIENT actually have more money in the real Investment outside of a life insurance policy. And they don't have to borrow a the life insurance companies cash value!
The reason they have to borrow the cash value is because the life insurance company owns the cash value assets.! It's such a grey area when an agent says "the cash value is tax free!!" You're completely false when you think the insured has control of a whole life policy.
I will beat whole life every single solitary time, and universal life every single solitary time, when I run the numbers against buy tern and invest difference. The CLIENT actually have more money in the real Investment outside of a life insurance policy. And they don't have to borrow a the life insurance companies cash value!
The reason they have to borrow the cash value is because the life insurance company owns the cash value assets.! It's such a grey area when an agent says "the cash value is tax free!!" You're completely false when you think the insured has control of a whole life policy.
Originally posted on Jun 19, 2022 at 1:22:43pm
Message modified by SoValleyCOUG on Jun 19, 2022 at 1:36:19pm
Message modified by SoValleyCOUG on Jun 19, 2022 at 1:37:57pm
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6/17/22 5:01pm
6/17/22 5:07pm
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6/17/22 5:42pm
6/17/22 5:01pm
I always hear this but never hear those situations, could you or someone else explain a hypothetical where it works?
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6/17/22 6:46pm
Ask him: "With respect to your advice on this whole life policy, are you a fiduciary?" and post his response here.
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The exact commission paid to the agent on the contract should be a disclosed line item on the contract.
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