Buy Term and Invest the Difference...NOT!!!

[myinsurebiz]

This is the Index that Ameritas uses - good / bad?

http://momentum5index.bnpparibas.com

 

[Mattschmidt]

So - a healthy man @ 30 y/o with 2 kids - makes $150k a year and no wife . . .

$Million$ 30 year Term with a $25k IUL, GUL or WL? Or no?

What's his financial objectives or needs? Does he feel a need for permanent insurance? If so, a product that offers cash value growth? What's time frame for cash value accumulation? Does he need a product with living benefits, or LTC rider?

Lots of questions to ask. You should maybe learn how to be an adviser, not an order taker

 

[myinsurebiz]

What's his financial objectives or needs? Does he feel a need for permanent insurance? If so, a product that offers cash value growth? What's time frame for cash value accumulation? Does he need a product with living benefits, or LTC rider?

Lots of questions to ask. You should maybe learn how to be an adviser, not an order taker

He wants to make sure that if he dies - his 2 kids have money, especially if he died while they were still in school. Plus - if he lives, but needs the Living Benefits - then, he has that proctection for 25 or 30 years.

I learned a bit today learning about the FLX IUL from Ameritas. Still alot to learn. But their IUL has potential growth, seems to accumulate Cash + has awesome Living Benefits.

I actually like IUL- but not much present knowledge. But - can learn.

Time Frame - I like the idea of someone getting monthly cash from 65 to 85 - guess you can go further, but seems it dilutes the monthly. But - you can't wait till you're 55 to start it seems.

I've done a LTC rider. What would be the advantages for a 30 y/o?

Excellent questions Matt and thanks . . .

 

[myinsurebiz]

But don't think a $25k IUL will build any substantial Cash - but, seems like it would provide the DB and ADB's once the Term ran out.

 

[Surancedawg]

The idea that the typical Final Expense prospect will have the self-discipline to set aside money to "invest" is comical. Its like the 80 year old woman I spoke to the other day who was looking for 5K in final expense coverage. Best I could quote her was 57/month and she said for that much, she could put aside money in the bank for a few years and save up $5000. I asked her, "in that case, how come you don't already have 5K saved up - you've had 80 years to do it?".

 

[Life Hawk]

He wants to make sure that if he dies - his 2 kids have money, especially if he died while they were still in school. Plus - if he lives, but needs the Living Benefits - then, he has that proctection for 25 or 30 years.

I learned a bit today learning about the FLX IUL from Ameritas. Still alot to learn. But their IUL has potential growth, seems to accumulate Cash + has awesome Living Benefits.

I actually like IUL- but not much present knowledge. But - can learn.

Time Frame - I like the idea of someone getting monthly cash from 65 to 85 - guess you can go further, but seems it dilutes the monthly. But - you can't wait till you're 55 to start it seems.

I've done a LTC rider. What would be the advantages for a 30 y/o?

Excellent questions Matt and thanks . . .

For me, I've heard some horror stories on indexing. Complex and needs a close eye like all investments... Just me.

Simple term, maybe some whole and then a simple indexed annuity...

 

[myinsurebiz]

For me, I've heard some horror stories on indexing. Complex and needs a close eye like all investments... Just me.

Simple term, maybe some whole and then a simple indexed annuity...

" simple indexed annuity " . . .

Say the couple only has $300 - $500 a month for their policies / funding. How will an Annuity" help?

 

[myinsurebiz]

The idea that the typical Final Expense prospect will have the self-discipline to set aside money to "invest" is comical. Its like the 80 year old woman I spoke to the other day who was looking for 5K in final expense coverage. Best I could quote her was 57/month and she said for that much, she could put aside money in the bank for a few years and save up $5000. I asked her, "in that case, how come you don't already have 5K saved up - you've had 80 years to do it?".

Why would a 30 - 40 y/o in good health be a "typical Final Expense prospect" ?

LOL on the joke tho - nice . . .

 

[Life Hawk]

" simple indexed annuity " . . .

Say the couple only has $300 - $500 a month for their policies / funding. How will an Annuity" help?

Long term investing with out a bunch risk... may only be a small part of the over all investment... or quite possible no part of it at all.

I have a little annuity called the "Flexi-Saver" $50 down and as little as $25 a month... no major investment, but a way to help diversify.

 

[myinsurebiz]

I have a little annuity called the "Flexi-Saver" $50 down and as little as $25 a month... no major investment, but a way to help diversify.

I would like to market these . . .