Amateurs…Why I Love to Hate Them

Amateurs…Why I Love to Hate Them
Note: This one took some time and I'm a few days past my normal
schedule.  It seemed necessary.

So I've known about this guy who is apparently an emergency room physician who got burned some years ago by an NML agent who did what a lot of career agents do (promise someone the sun, the moon, and the stars, and fail miserably to deliver).  I've not made this comment publicly here until now, but I've long believed that usually the only difference between Primerica agents and the rest of the career guys and gals is the name of the company on their business cards.  They all love to dream up these great strategies, but once the hammer drops on the part they care most about, they're off to the next one.

My original decision on this individual was to simply leave him be.  Let him do his thing and pay him no attention (despite the frequent requests I get from people asking what I think about his stuff).   But, he recently put together a piece with a truck-load of inaccuracies.  I don't care if you want to go against my advice, or think you can build a better mouse trap, but I start to get a tad irritated when someone wants to build the illusion of being an informed resource for personal finance, who has enough time to write about it, but apparently doesn't have enough time to fact check.

(I've removed the link at this time, because I've decided not to promote this crap)

Keep ReadingAmateurs…Why I Love to Hate Them

Looking for some Good Ideas for your Emergency Fund? Part 3 Reasons 6, 7, and 8

Looking for some Good Ideas for your Emergency Fund

Here we are, the conclusive post to the Emergency Fund trilogy (sounds special).  Again, if you'd like a refresher on all 8 reasons from the original post they are:

  1. Increased rate of return
  2. Tax deferral
  3. Potentially tax free withdrawal
  4. Death benefit
  5. Private and non-probate asset
  6. Fewer fees (in most cases)
  7. Recaptured opportunity
  8. Systematic savings

    Keep ReadingLooking for some Good Ideas for your Emergency Fund? Part 3 Reasons 6, 7, and 8

An Oldie, but Goodie

An Oldie, but Goodie

I remember quite vividly the first time I saw this video.  I was still a career agent with one of the big 4 Mutuals and we had a special meeting conducted by the Director of Individual Life Sales.  He came from the Home Office to give us a presentation on the topic of life insurance as an asset class and brought with him this video recorded a few months prior on CNBC.


Keep ReadingAn Oldie, but Goodie

What Is Whole Life Insurance & How Does It Work?

The Basics of Life Insurance Part II

Known by a few different names, and probably the most tweaked product in the industry, Whole Life (aka straight life in older circles) has a several centuries history of offering guaranteed death benefit for the entire lifetime of the insured.

In the world of guarantees, nothing beats it, and it has been an anchor for conservative savings plans for just about as long as it's been in existence.  It's also one of the most hotly debated products in the insurance industry as opinions run wild about its overall usefulness compared to other products that exist today. 

Keep ReadingWhat Is Whole Life Insurance & How Does It Work?