I Believe Whole Life/universal Life is a Waste

This part here...

"Unlicensed insurance advice to a consumer"

And this part...

"More unlicensed insurance advice to a consumer"

Have nothing in common.

And what else would you expect from someone who is not a licensed agent and makes their living based on comparing Term insurance on price alone...?
 
OK, put me down as number one.

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To underscore that nothing is for nothing. It's not the wonderful deal it is being painted as.

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You are asking someone to make a lifetime financial commitment, when you should know better than anyone else that she is on the verge of a significant change in her financial income. Not pointing that out is irresponsible.

Which begs the questions, who sees it as a priority?

Someone who knows they aren't a great insurance risk instinctively knows that some insurance is better than none.
 
And what else would you expect from someone who is not a licensed agent and makes their living based on comparing Term insurance on price alone...?

So you're saying that Bob is another "Da-zy Ram-man" financial pornographer?
 
My biggest pet peeve is when I see a young couple with young kids that have been sold 50k Whole Life and that's it. The same premium could have purchases 300k term that would insure the kids could eat and be clothed for years to come in the event of death of the income earner. The 50k is just gonna pay for the funeral and a trip to Disney.
 
My biggest pet peeve is when I see a young couple with young kids that have been sold 50k Whole Life and that's it. The same premium could have purchases 300k term that would insure the kids could eat and be clothed for years to come in the event of death of the income earner. The 50k is just gonna pay for the funeral and a trip to Disney.

I agree. While perm is awesome, they absolutely need to have adequate covg. If all they could afford was term initially, they should get that in place (convertible) and work towards making it permanent.
 
My biggest pet peeve is when I see a young couple with young kids that have been sold 50k Whole Life and that's it. The same premium could have purchases 300k term that would insure the kids could eat and be clothed for years to come in the event of death of the income earner. The 50k is just gonna pay for the funeral and a trip to Disney.

Plus 1. Unfortunately the original agent probably never goes back to add term to the whole life.
 
Depending on their age, do you lead with term or do you always lead with permanent.

Yes.

No, I usually ask a lot of questions first. One of the first questions is what do they have now. If they have a recent large term or a base Whole Life it changes how I approach them. Another question is what they want to accomplish with the insurance. As in why did you want to talk to me.

But a young couple probably going to build a lot of term first. I want to make them a client first.
 
Yes. No, I usually ask a lot of questions first. One of the first questions is what do they have now. If they have a recent large term or a base Whole Life it changes how I approach them. Another question is what they want to accomplish with the insurance. As in why did you want to talk to me. But a young couple probably going to build a lot of term first. I want to make them a client first.

I'm glad you liked the ambiguity in my question ;)

That's what I do, just wanted your thoughts.
 
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