50 Years!!!!!

[rousemark]

#5? Could that be taught in schools?

Started with A.L. Williams part-time of course. Back in the day when he mentioned if he pocketed $300,000 @ 10% he and his wife could live off of 30K a year..

Reality check.. After the initial term life period life events for the middle to low income can blow up the best laid plans. Financial and health changes do and can happen over 20 years..BTID should have a solid track record by now since the late 70's..

It does.. it is a track record of failure for most.

 

[WinoBlues]

#5? Could that be taught in schools?

Started with A.L. Williams part-time of course. Back in the day when he mentioned if he pocketed $300,000 @ 10% he and his wife could live off of 30K a year..

Reality check.. After the initial term life period life events for the middle to low income can blow up the best laid plans. Financial and health changes do and can happen over 20 years..BTID should have a solid track record by now since the late 70's..

It does.

And I for one am appreciative of AL Williams, Primerica and Dave Ramsey. And the sweet fruit trees they planted 20 years ago and continue to plant today. That low hanging fruit is so appreciated.

Oh, oh and all of the wam bam thank you mam agents. GrassyAss

 

[toolbelt]

It does.. it is a track record of failure for most.

Including Art Williams himself. Ironic!

 

[Todd King]

Including Art Williams himself. Ironic!

AW was anything but a failure. What are you talking about?

 

[rousemark]

AW was anything but a failure. What are you talking about?

And, no matter what you think of the BTID philosophy, he truly believed it and achieved his fortune by doing what he loved. He was not the "Debil" that so many of us in the industry made him out to be. He was convinced that he helped every family he convinced to "convert" their permanent insurance for larger amounts of term.

 

[Todd King]

And, no matter what you think of the BTID philosophy, he truly believed it and achieved his fortune by doing what he loved. He was not the "Debil" that so many of us in the industry made him out to be. He was convinced that he helped every family he convinced to "convert" their permanent insurance for larger amounts of term.

You are 100% correct. The failures in BTID is because they left of the ID part! Without doing that part, you might as well have a WL, UL, or whatever cash value product is available.

What I love about it is that he took on the insurance companies and in many ways, he won.

 

[toolbelt]

AW was anything but a failure. What are you talking about?

I'm talking about the $800M bath he took with the CITI shares he owned, and his failed legal attempt at recouping his loses.

 

[toolbelt]

He was convinced that he helped every family he convinced

In the early years perhaps.

 

[rousemark]

You are 100% correct. The failures in BTID is because they left of the ID part! Without doing that part, you might as well have a WL, UL, or whatever cash value product is available.

What I love about it is that he took on the insurance companies and in many ways, he won.

I am re reading one of his books, "All you can do is all you can do, but all you can do is enough" . In it he talks about approaching a large prominent Boston insurance company, asking them to take their business. The president of the company flew to Atlanta, met with ALW and told him, "It won't work, you are bound to fail". A few years later ALW was selling more volume than Prudential which at the time was the largest insurance company in the nation.

 

[Cornelius]

I am re reading one of his books, "All you can do is all you can do, but all you can do is enough" . In it he talks about approaching a large prominent Boston insurance company, asking them to take their business. The president of the company flew to Atlanta, met with ALW and told him, "It won't work, you are bound to fail". A few years later ALW was selling more volume than Prudential which at the time was the largest insurance company in the nation.

Read his book Coach..