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Cheapest initially... or long-term?
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Cheapest initially... or long-term?
I'm frugal, but I won't buy cheap toilet paper for several reasons.It seems to me that folks are falling into this cheapest is best mentality... wonder if they buy toilet paper like this... perhaps that's how they choose their child seats... dog food... clothing... vehicles... restaurants...
Shall I go on???
I guess the cheapest insurance only comes from the best agents...
$10,000 premium - show him that there's no equity the first year - If you died you wouldn't want a refund of premiums, you'd want a payment of proceeds. You're not afraid of it once you know what a life insurance contract is. Commission + reserve in the 1st year. 2nd year on what he pays in piles up. End of 10th year - worth $80k? Shows a difference of $20k. $20k / 10 years = $2,000 per year of cost at year 10.
Not to disagree with you, but a convertible term's value is in the permanent plans it can be converted to... which is how whole life insurance can be cheapest long-term as premiums will equal cash values at about year 10.
Ben Feldman is far more eloquent than I am: Start at 12:04
Hey Mark, by PROPERLY asking for referrals, do you mean that you use the word please when asking for a referral?I learned to properly ask for referrals a long time ago. Not just ask for referrals, but PROPERLY ask for referrals. All my clients now are by referral, so the issue of building rapport, along with a lot of other challenges, disappeared some time ago.
Hey Mark, by PROPERLY asking for referrals, do you mean that you use the word please?