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Buy term and invest the difference has long been the mantra of investment salesman(women) and Primerica built an entire company around the idea. The premise behind the concept has always been that one could achieve a greater return with “investments” vs. traditional whole life insurance and it’s cash surrender value build up.
This week’s episode is a continuation of the discussion we had last week. If you didn’t catch that one, you can go and listen to it now. Last week we discussed the impact that the economy and more specifically, interest rates, have on whole life insurance. This week is all about how the economy has, …
Today’s episode dives into a discussion of how economic conditions and more specifically how interest rates have and will effect whole life insurance dividends. What happens if rates go down further? I know it doesn’t seem likely but there are other countries around the world that have negative short term rates currently. Or better yet, …
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In today's episode, we dipped into the mailbag and pulled out a question from one of you, our listeners. To be more precise, the question was part of a comment that was asked after episode 25 (Life Insurance as a Retirement Tool Part 1).
Kevin asked:
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First, if you haven't listened to the previous episode (IPB 025), you really should. That episode will provide a bit of context for today's episode.
I'm sure that most people who frequent this site and listen to our podcast assume that we think life insurance is a virtual financial swiss army knife.
And while it is indeed a wonderful tool. It's
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One of the biggest problems for most Americans is understanding how to convert the balance they have saved in retirement plans, brokerage accounts etc. into an income they can use during retirement.
The financial services industry has done a masterful job at training “advisors” to help their clients accumulate cash. But very few advisors
We love paid-up additions and if you’ve listened to us at all, you’re not all that surprised. But we’ve made a little misstep in terms of being so broad in our discussion about them. And we’re always adding new people to our audience. So it bears repeating… Not all paid-up additions are created equal. While …
Well, the Department of Labor has finally rolled out their long awaited ruling on retirement accounts and a new “fiduciary rule”. Rather than re-invent the wheel here in this post, I’m going to refer you to this piece I wrote last summer: Can the government fix your retirement woes? Also, if you want to read …
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Today we're talking about one of the less glamorous aspects of our business…customer service. It seems like an obvious thing.
Surely a life insurance company that sells a particular product will be able to deliver service requests that are made by their customers. I wish that were always true.
It's not.
In fact
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In the world of “financial advice” there is certainly no shortage of bad ideas. Today's podcast focuses in on one particular concept that we think is particularly dumb.
There are some savvy marketers out there that would suggest if you are not able to obtain life insurance coverage for yourself (for one reason or another) you can still benefit from all of the awesomeness that is cash value life insurance.
Yes, all you need to do is to use your child as the insured and then you can dump all the premium you would have paid to your policy into the policy for your kid.
Seems like a great idea…in theory.
In fact, we have had the idea pitched to us by so many people in the industry over the years that we now use at as a barometer of sorts to indicate a lack of experience from the person doing the pitching. Why will it…
