Jun 20, 2022
11:48:23pm
11:48:23pm
We agree.
People should educate themselves on the topic.
People should decide on their priorities.
People should the crunch the numbers and look at different projections. This is their own retirement, their fortunes, we’re talking about; It’s worth the detailed thought and planning. There are numerous calculators and apps to figure out what’s best.
All that said, the vast majority of people will discover that whole life insurance is not thier best option; Term, combined with other investments, is a better fit for households with average incomes. I can find you countless articles and financial professionals that say precisely that. But I have neither the time or the inclination to list them here as a simple web search, a personal finance class, or a trip to the library will confirm what I’m saying.
I have done the math for myself. I’m in the top 5% of earners in the US. I can tell you that other options put me in a better situation financially over the entirety of my life. If it’s not good for me, it’s certainly not gonna look good for folks making less than me, and that’s ~95% of Americans.
But no one should bank their livelihoods on CB hot takes. I think folks know that.
People should decide on their priorities.
People should the crunch the numbers and look at different projections. This is their own retirement, their fortunes, we’re talking about; It’s worth the detailed thought and planning. There are numerous calculators and apps to figure out what’s best.
All that said, the vast majority of people will discover that whole life insurance is not thier best option; Term, combined with other investments, is a better fit for households with average incomes. I can find you countless articles and financial professionals that say precisely that. But I have neither the time or the inclination to list them here as a simple web search, a personal finance class, or a trip to the library will confirm what I’m saying.
I have done the math for myself. I’m in the top 5% of earners in the US. I can tell you that other options put me in a better situation financially over the entirety of my life. If it’s not good for me, it’s certainly not gonna look good for folks making less than me, and that’s ~95% of Americans.
But no one should bank their livelihoods on CB hot takes. I think folks know that.
- Bio page
- canofpicante
- Joined
- Oct 14, 2011
- Last login
- Jan 25, 2024
- Total posts
- 4,645 (8 FO)
Messages
Time
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
6/17/22 5:42pm
6/17/22 5:55pm
6/17/22 11:06pm
6/17/22 5:48pm
6/17/22 6:05pm
6/17/22 6:11pm
6/17/22 10:02pm
6/17/22 10:22pm
6/17/22 10:59pm
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
6/18/22 10:25pm
6/20/22 10:11am
6/20/22 11:02am
6/20/22 12:19pm
6/20/22 2:56pm
6/20/22 4:48pm
6/20/22 5:29pm
6/20/22 8:10pm
6/20/22 10:16pm
6/20/22 11:48pm
6/20/22 11:52am
6/20/22 9:01pm
6/17/22 10:15pm