Comments on RISCARIO INSIDER: Does Warren Buffett "Buy Term and Invest The Diffe...

Indexed UL is not a ripoff. Whomever said that has...

2011-12-06T05:12:35.097-05:00

Indexed UL is not a ripoff. Whomever said that has only read post about its negatives. There IS something for everyone. Indexed UL can be one of the largest wealth acculation plan for the future in the current and upcoming market. Term plans with guarenteed lifetime benefits are great too. Critical illness riders, disability, and receiving checks should you survive a heart attack, stroke or cancer... how can you beat that? In time of need. Depends on age, dynamamic, wealth and goals of client. Be producers and buyers of diversified products, not one! Just like the Mortgage morons who only knew how to sell the pay option ARM with 3 on the back so they could get paid 15k on 1 deal a month. They had no knowledge of other products for the right people. I have a 30 Year Fixed on my owner occ house, and a pay option with a low margin and index on my investment property and it works great. Annuities with guaranteed income for retirements are great options too. Learn your products people. There is not just one product that works. Tax free is the key. Not a 401k or IRA that you lose half of in the market and Uncle Sam takes the other half. Knowing your products, indexes, options and riders and knowing your clients needs are more important than any of the crap written on here. I am 34 years old, own 3 houses, have a very successfull business, my clients love their safe returns, and I dont overpromise 21% returns and underdeliver. I build wealth, have short terms and long term policies myself, and always make sure I dont over invest and create liquidity problems or set myself up for tax issues. All this learned from trial and error and educating myself and making mistakes in the past. You learn and grow and then figure out how to sell the right programs. I have colleagues that just raised 40 million dollars in capital and they all sat down with me to ask what was best for them. All of them with wealth, some had same goals but sold different policies to them. If you sell or buy ONE TYPE of policy, mortgage, investment or Security you are just like the guy who has 1.5 mill in a checking account and thinks cash in a cookie jar is the answer to creating wealth. Keep studying, most of the agents I work with are 10-20 year older than me, have sold longer than me, and still come to me for advice. Knowledge is power and power equals success and you can do it without GREED>

It made me laugh so hard as I read through Timmy&#...

2011-10-24T18:27:22.530-04:00

It made me laugh so hard as I read through Timmy's ridiculous comments when I came across a link to AL Williams! Which is now Primerica, one of the least respected insurance companies in the industries. Just type Primerica into google and witness the masses pondering whether or not they are being scammed when talking to a primerica rep. That is one thing you should not come across when searching your company. As for calling Warren Buffett senile...he is one of the greatest and most inovative investors of all time. The fact that you would take advice from Suze Orman and Dave Ramsey and disregard Warren Buffett is completely laughable, and I pray for the clients that you will inevitably ruin because you are insanely one-dimensional as a planner. Go ahead, put all of your clients funds into one fund that earns "12%". You will not have too many friends once retirement comes around. -LM

After being an admin. assistant with a term compan...

2010-12-29T20:55:27.053-05:00

After being an admin. assistant with a term company I daily talk to clients who bought 20 yr level term policies and guess what? They did not invest the difference, so it is a question of just buying a product like any other product to do something for you, you need to buy whole life. I thought it was a bad deal for years, however I have changed my mind.

One thing I don't understand and am honestly t...

2010-10-13T11:05:31.937-04:00

One thing I don't understand and am honestly trying to: if the Whole Life company keeps the cash value (Say, 5.7 Million) and gives the family the death benefit instead, (say, 6.6 million) Why is that bad? *using example from a WL policy*

Primerica... again. I should have known that punch...

2010-09-22T21:24:28.018-04:00

Primerica... again. I should have known that punchline was coming. Buy term and blah, blah, blah. A singular type of policy does not fit EVERYONE. So, by being with Primerica you are simply limiting yourself. Carry on.

Another brainwashed Primerica agent?? You seem ed...

2010-04-11T18:01:48.228-04:00

Another brainwashed Primerica agent??

You seem educated on misinformation my friend.

Have you ever considered having a WL policy as part of you allocation of assets? Your portfolio consisting of term, WL, mutual funds, bonds, etc? The performance on a portfolio such as this has been proven to increase your rate of avg rate of return and lower standard of deviation...basically taking out the lower, conservative, guaranteed investments, and replacing them with WL, performing higher and guaranteed.

There is whole life and there is whole life..some whole life is a rip off, some whole life actually performs really well, and in the long run allows the consumer to have life insurance when most term policies are too costly.

I look at whole life as an option to have your life insurance work for you as one part of your fixed portfolio, and buying term, and investing as well...it's hardly ever black and white.

companies who strictly buy term and invest the difference are black or white..think about it, it should make sense. Hopefully some brainwashed aren't too fargone

CG

Index Universal Life is a SCAM

2010-03-22T15:25:19.800-04:00

Index Universal Life is a SCAM

has anyone heard of index universal life. and the ...

2010-03-21T01:13:33.179-04:00

has anyone heard of index universal life. and the IRS code 7702. seems everyone discusses whole life that is not the best product at all and term as a best solution however i didn;t see anyone post about INDEX UNIVERSAL LIFE.

It's Life insurance before anything else. Life...

2010-01-20T18:04:03.689-05:00

It's Life insurance before anything else. Life insurance that lasts your whole life. Life settlements are to make huge profit and fast, tell me what investment you want to compare it with?

Look at the conditions that Life Settlement compan...

2010-01-11T06:22:35.324-05:00

Look at the conditions that Life Settlement companies require:
http://en.wikipedia.org/wiki/Life_settlement

Typically 70 years or older.

If Permanent Life insurance is such a good deal, why don't these companies buy your policy at age 30?

Suze Orman Weighs In Her Opinion On Life Insurance...

2010-01-10T06:01:41.941-05:00

Suze Orman Weighs In Her Opinion On Life Insurance Term vs Whole Life Insurance

http://vimeo.com/8130779

Bottom line. Buy Whole life, everyone will die one...

2009-11-05T10:48:53.642-05:00

Bottom line. Buy Whole life, everyone will die one day and you will be guaranteed that death benefit. Usually with WHole life Insurance the death benefit rises as well as the cash value. Fact of the matter is Whole Life Insurance is a great tax deferred conservative part of your portfolio. Invest the difference if you choose, and good job wasting all that money on term. LESS THAN 2% of term pays out, 100% of whole life pays out as long as the premiums were paid....Some times even dividends can pay the premiums for yOU!!!

Indeed! In fact, Warren hires stupid agents like y...

2009-10-16T18:50:44.599-04:00

Indeed!
In fact, Warren hires stupid agents like you to sell to idioits that will buy WL...
Get you facts straight... Warren are seller of WL... and the idioits are the ones who bet against Warren & buy WL.

#416 Great point on Warren Buffet I guess I never...

2009-08-06T22:35:05.386-04:00

#416

Great point on Warren Buffet I guess I never thought of that one. Hey, can I ask a question--who owns the most whole life of anyone on the planet? OH my gosh WARRREN BUFFET!

#14279

There is a place for term and WL. Term is great -...

2009-07-27T23:29:16.530-04:00

There is a place for term and WL. Term is great -it fills a need. Sometimes a small WL policy with a term companion is very suitable.

#14279 if the market wasn't the best place to...

2009-06-13T10:15:59.569-04:00

#14279

if the market wasn't the best place to be, why would Warren Buffett put billions of his dollars into it now?

Anonymous #416

Here is a little something something: http://perr...

2009-06-13T10:13:41.971-04:00

Here is a little something something:

http://perry.kundert.ca/range/finance/ul-blows/

It is really quiet on the buy term invest the rest...

2009-04-14T07:53:00.000-04:00

It is really quiet on the buy term invest the rest difference. Things are going so well in the market. Everyone is jumping in and the market has no issues. I just dealt with a great customer who we argued that the DOW will be at 21,000 in three years. He has valid points and we debated it back and forth. I am sure the BTIR are all in agreement. The market is the best place to be; so why do I keep hearing people tell me they have lost all this money and that they can't retire and they need to keep working.

Remember, I sell term just as much as I sell whole life. You have a need for both in your life. You don't put 100% of your money in life insurance. It has a place in your portfolio.

#14279

I wonder why?
http://www.bloomberg.com/apps/new...

2009-03-26T10:00:00.000-04:00

I wonder why?
http://www.bloomberg.com/apps/news?pid=20601213&sid=at0p6bvmQGm4&refer=home

#14279

Please people wake up, buy term inve...

2009-02-20T02:23:00.000-05:00

#14279

Please people wake up, buy term invest the rest!! Don't dance with one of the best life agents in the books.... So lets take a look at those numbers. First, 12% who are you kidding!!!!!!!!!!! Stop pushing that crap on people who don't realize the level of B.S. you feeding them. Either website, same fund. Yes since inception it does say 11.84% (OK,I call it 12%) but have you been in that fund since inception (1954)--I don't think so... So lets look at the twenty year number 5.51%, 15 year 2.20%, ten year-.097%. Go and take a look the numbers keep getting worse. So did the guy mention that over the past twenty years the fund has only made 5.51%, no he forgot to mention that. OK so lets re-run that 12% number term with the 5.51%. Twenty years at $80 a month, with a 5.51% will get you......$35,890.99. I thought you said I was going to have $325,000??? OH, that would take you 30-32 years to get that $325,000. So get this you need to average 12% annually for 32 years. WOW, so the fun is making 5.51% over twenty years. So he needs to have a ten year bull with 23-25% average per year for ten years. You really think we are going to see that again. He forgot to show you the math. He gets to just say a number and say OH, well the market is going to make twelve percent. Well for hte last 20 it only did 5.5% Did he tell you the truth?? So at the end of twenty years (20 year term) you have zero insurance and you have $36K. You have a thirty year term lets give you 7.5% over thirty years and you will have $107,779. See these guys need to add every year of the bull. Never in the history of the market did we have that much growth for that long. See they are not factoring in that they might never see that again. Well we saw it before so we are going to see it again to say those numbers. So back to our case... I will give 7.5% So $108K in cash and zero life isurance.

OK, but life insurance will be worth less. Yep... lets take a look. I sell the same guy a 20 pay whole life. He pays for twenty years and at the end of twenty years the policy is paid up and the insurance goes on till death. So I am going to handicap myself and do the 30 year. Remember he has zero life insurance but he probably would have about $108K. My policy has $33,476 in guaranteed cash (by the way did he guarantee you anything because I just did. I guaranteed that you would have $33,476-GUARANTEED--so do me a favor and back yours up. Tell that guy who was going to have $325,000 which is now down to $108K that none of it is guaranteed. If we do 20 years remember that $108K would really be $36K. So now lets take a look at my projections.. You would have $57,120 in cash (see invest has more) yeah but you have zero life insurance. So honey see I listened to all the talking heads, I listened to Dave Ramsey, Cramer, Orman, etc.. I screwed the life guy and I won. I have nearly double the money. See I won. But guess what you got zero insurance. With me you still have $142,196 in life insurance.

By the way forget the lies that you will have not get the death benefit and interest. They are lying to push their crap. They know it. But guess what I am going to be the one who stands up to those bullies and tell them to stick it.

But I want to be fair to the guys... now at the age of 55 you have 108K in life insurance. It has been 30 years and you made 7.5%. You shift that 108K into nice safe bonds or are you going to keep risking it? Risk it.... we see the market have a decade like we have right now. Your average rate of return in the fund he gave you was negative .97%. So I am going to give him a 3% over the decade. So it grows slow and you are now at $145,000. OK, now you are 65 years old and you have $145K. What did your life guy do for you.... Well I hate to tell you that you have $44,847 in that guaranteed cash. Projected cash value of $101,466. But dang it Dave Ramsey has zero life insurance but you because you listened have $188,549 in death benefit, and you have not spent one more dime with me to this point. You move your cash into a very nice secure bond fund that is going to get you 3.5% You are retired. You are going to take out $5,000 every year for the next ten years. At the end of ten years in that nice bond fund taking $5K out every year you have about $140K left. You took $5K out your life policy every year for ten years offsetting with your dividend you have about $125K in cash. See dang it I still have more cash. Why don't you just give up. OH, well lets just destroy you now. You just died at the age of 75. What did your wife get with the buy term invest? She got the 140K more that the 125K you have in cash. Remember the lie they are telling you. They don't want you to know that you get the full death benefit. So I come over with a check for your life insurance. Madam widow your husband took out a life insurance policy 40 years ago. All during this time he had protection and today that contract is over. Here is your check for $250K.

OK, so lets look at the numbers. Under buy term invest the rest you had insurance for only thirty years, you assumed all of the risk. There are people who are devestated in this economy. They lost alot more than the numbers I gave you. So buy term you are assuming all the risk. ALL OF IT. Both of our policies gave you ten years of $5,000 a year. But when you died all you had was the risk. I gave you insurance protection for 40 years and a death benefit. Quick FYI the death benefit was always more than the cash value of the invest the rest.

So guess what who won. That widow. Who is she going to like more the buy term invest the rest broker with $140K or me the life insurance agent with $250K. One last thing death benefit at 85 is $348K (remember that the bond fund--you are basically living off just the interest. SO at age 85 it is basically still worth $140K)

OUCH!!!!!! So age 85 you get 140K in buy term invest the rest fund or you will get $348K. Oh, yeah, my wife wants to take the 140K to make you guys the winner.

Your total outlay with me was only $85 for twenty years. $20,400. So widow makes a profit of $327,600. So what did you make annually as a rate of return. Average rate of return profit/original capital divided by the number of years.....27% per year for 60 years.

OUCH, you really want to buy the term invest the rest (the twenty which provided you zero rate of return and the 80 in the investment) profit of $104,000/the same $100 over 30 years. 4.8% OH, yeah you won!!!!!!!!

Remember we both took out the same $5,000 every year. You paid for thirty years, I made you pay for twenty (mine is a 20 Pay whole life) So come on guys step up to the plate. Admit the truth stop lying

#14279

Why don't you show me the math then, stranger?!

2009-01-08T22:07:00.000-05:00

Why don't you show me the math then, stranger?!

Timmy Stewart.

Having been in the INVESTM...

2009-01-06T14:50:00.000-05:00

Timmy Stewart.

Having been in the INVESTMENT business for years, I can honestly say you have demonstrated you know pretty much nothing about permenant insurance and investing. I don't even know where to start, your argument is completely worthless.

Every now and then, we need an Incentive to get pe...

2008-12-10T21:32:00.000-05:00

Every now and then, we need an Incentive to get people going back to the stores or shopping online. We want to offer you this, so you can start your Business Incentive and get back Customers.

We want you to feel comfortable giving away our travel certificates to your Customers, so you will be able to try one yourself first, if you like. You are bypassing the certificate, which we are giving you and straight to the processing center.

You will be able to go through the same redemption process and take the same vacation your clients will take when redeeming the certificate you gave them. YES - you get to test the vacation! Go to http://www.ibstravelform.com and start the process.

So whether you want to hit the casinos in Vegas or relax on the Cancun Beaches, now you can! In addition, do not worry – No Timeshare with this offer.

To begin booking your accommodations we need to collect a processing, postage and handling fee of just $12.00. Hotel taxes, which range between $7-$12 per night, will be collected when you submit the reservation request form that you will receive from us in the mail.

Once you see what your Clients and future Customers will get, you can order your certificates at http://www.increasebusinesssales.com.

Remember, our unlimited 3-day / 2-night travel certificates is only a onetime fee of $99.00. You will be able to print as many as you want any time you like. A great item to have whenever you need a promotional item.

You can also buy the separately for only 0.35 cents each. Our full color certificates will be imprinted with your business name for you to give to your customers to increase leads and create sales.

Anonymous,

I apologize if I posted this twi...

2008-11-18T00:25:00.000-05:00

Anonymous,

I apologize if I posted this twice I still getting familiar with this site...;)

Anonymous,

Hi guy I want to show comparison...

2008-11-18T00:21:00.000-05:00

Anonymous,

Hi guy I want to show comparison cash value and Buy term and invest the difference:

Ex.

25 yrs old

$100 for an insurance and investment program

You can get:

*$100,000 Cash Value Coverage (which is $100/mth, let's make it UL)

The CSV will eventually equal approx. 50% of your Coverage
($50,000)

*Here is the catch, by combining savings and insurance in one plan 4 things happen to your savings plan:

- 2-5 yrs = $0
- 2%-4% interest
- loan 10%-15%
- the company keeps you savings if you die...

You can also get:

* Term insurance for $100,000 (which cost $20/mth)

* Get an investment with an investment company for $80/mth

- @ 12% that monthly payment will give you $325,000

Now Lets compare:

Cash Value (UL)

Coverage
$100,000
Savings
$50,000

= $150,000

Buy term and invest the difference

Coverage
$100,000
Savings
$325,000

= $425,000

***Which one has more value...

Comments on RISCARIO INSIDER: Does Warren Buffett "Buy Term and Invest The Diffe...

Indexed UL is not a ripoff. Whomever said that has...

It made me laugh so hard as I read through Timmy&#...

After being an admin. assistant with a term compan...

One thing I don't understand and am honestly t...

Primerica... again. I should have known that punch...

Another brainwashed Primerica agent?? You seem ed...

Index Universal Life is a SCAM

has anyone heard of index universal life. and the ...

It's Life insurance before anything else. Life...

Look at the conditions that Life Settlement compan...

Suze Orman Weighs In Her Opinion On Life Insurance...

Bottom line. Buy Whole life, everyone will die one...

Indeed! In fact, Warren hires stupid agents like y...

#416 Great point on Warren Buffet I guess I never...

There is a place for term and WL. Term is great -...

#14279 if the market wasn't the best place to...

Here is a little something something: http://perr...

It is really quiet on the buy term invest the rest...

I wonder why?http://www.bloomberg.com/apps/new...

#14279Please people wake up, buy term inve...

Why don't you show me the math then, stranger?!

Timmy Stewart. Having been in the INVESTM...

Every now and then, we need an Incentive to get pe...

Anonymous,I apologize if I posted this twi...

Anonymous,Hi guy I want to show comparison...

I wonder why?
http://www.bloomberg.com/apps/new...

#14279

Please people wake up, buy term inve...

Timmy Stewart.

Having been in the INVESTM...

Anonymous,

I apologize if I posted this twi...

Anonymous,

Hi guy I want to show comparison...