Jun 19, 2022
11:26:15am
11:26:15am
Again, very little of this is true.
Insurance companies have virtually zero risk seeking term insurance. In fact, the statistical likelihood of smells dying during their term life insurance is almost zero.
While life insurance takes the risk of death occurring with the life policy in force and puts all the control in the hands of the insured - not the insurer. This is the reason they charge more.
Buying insurance is about reducing uncertainty. Term insurance creates certainty for a short term; whereas WL creates certainty for the whole life.
Buy term if short-term certainty is your goal, but I think minimizing the value of WL just because you are unwilling to pay for more value is irresponsible.
While life insurance takes the risk of death occurring with the life policy in force and puts all the control in the hands of the insured - not the insurer. This is the reason they charge more.
Buying insurance is about reducing uncertainty. Term insurance creates certainty for a short term; whereas WL creates certainty for the whole life.
Buy term if short-term certainty is your goal, but I think minimizing the value of WL just because you are unwilling to pay for more value is irresponsible.
- Bio page
- HTCougar
- Joined
- Dec 9, 2013
- Last login
- May 4, 2024
- Total posts
- 543 (3 FO)
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6/17/22 5:01pm
6/17/22 5:07pm
6/17/22 5:16pm
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?
6/17/22 5:05pm
6/17/22 5:05pm
6/17/22 5:05pm
6/18/22 3:32pm
6/18/22 8:56pm
6/18/22 9:59pm
6/19/22 11:26am
6/19/22 1:22pm
6/17/22 5:18pm
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.
6/17/22 5:17pm
6/17/22 10:19pm
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6/17/22 11:06pm
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6/17/22 8:36pm
6/18/22 10:09pm
The exact commission paid to the agent on the contract should be a disclosed line item on the contract.
6/18/22 10:22pm
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6/17/22 10:15pm