Insurance Agent Vs Financial Advisor

[DHK]

I personally believe there are very few ways to use whole life and universal life insurance as an investment. My clients money is better placed in money market and IRAs. I believe the biggest beneficiary of a universal or whole life insurance product is the seller of that product or the company that is taking the money every month.

I am certainly open to any sample you have where they universal or a whole life policy earns more and cost the same or less as investing in an IRA or money market accounts?

I already posted the videos you need to further your education.

Here's a hint: rate of return is not the deciding factor.

Here's another one:

 

[DHK]

I fully expect some negative response from that but I'm hoping that if I'm honestly wrong that someone changes my mind.

Here's the problem: You are expecting me to educate you. I've spent THOUSANDS of dollars and hours to build my education... and you want me to justify my business plan to you.

I don't have to do that.

You simply don't know what you don't know. The videos I've posted are a good start.

Either you want to learn and you will seek out what knowledge you need... to be a great life insurance agent... or you won't.

There are producers who sell a BOAT load of life insurance and annuities... and they have NO complaints and their policies stay on the books.

Would you want to know what they know? Van Mueller is a multi-million dollar annual producer. He might be able to help educate you on how he does it.

 

[DHK]

My clients problem is that they need a good investment, I'm not going to sell them a bad investment.

"Life insurance never is and never was an investment. Life insurance is a savings. Savings and investments are similar words, but as Mark Twain said - the difference between similar words and the right words is the difference between lightning and the lightning bug." - John Savage, CLU

 

[DHK]

If you have a good attitude about a problem, it is still a problem. Facts don't care about your feelings.

Your perception towards life insurance is what is coloring your attitude towards learning about it.

Until you remove the lenses you see the world through and seek to learn through the way others see the world... then you can learn. Until then, you are trying to justify something based on the way you see the world, and those views may not be compatible.

 

[DHK]

My clients problem is that they need a good investment, I'm not going to sell them a bad investment.

Most people have too much credit card debt that they're trying to win the financial game by earning a higher rate of return. The problem isn't the problem that clients often think they have. The problem is their entire way they have structured their finances.

An investment is an "end result" of where people want their money. Life insurance does not have to be an "end result" or "parking place" for their money. Once you understand the collateralization potential of life insurance... your perceptions may change.

 

[NCAgent828]

Your perception towards life insurance is what is coloring your attitude towards learning about it.

Until you remove the lenses you see the world through and seek to learn through the way others see the world... then you can learn. Until then, you are trying to justify something based on the way you see the world, and those views may not be compatible.

Which is exactly what I just asked help to understand...which you refused. Besides your carefully selected videos that prove the points you want them to, I have sought to learn the benefits and downsides to all types of life insurance. No since I'm going in circles.

 

[Lloyds of Lubbock]

I like the ten minute lesson.
Has a little Leap, Circle of Wealth and Dick Weber.
What website did it come off.
jk

 

[DHK]

It's a MoneyTrax Circle of Wealth production. They created it.

 

[Lloyds of Lubbock]

1 for 3 gets me into the Hall of Fame!

 

[DHK]

Which is exactly what I just asked help to understand...which you refused. Besides your carefully selected videos that prove the points you want them to, I have sought to learn the benefits and downsides to all types of life insurance. No since I'm going in circles.

Reminded me of this joke:

A woman in a hot air balloon realizes she is lost. She lowers her altitude and spots a man fishing from a boat below. She shouts to him, "Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don't know where I am."

The man consults his portable GPS and replies, "You're in a hot air balloon, approximately 30 feet above a ground elevation of 2,346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude.

She rolls her eyes and says, "You must be a Republican!"

"I am," replies the man. "How did you know?"

"Well," answers the balloonist, "everything you tell me is technically correct, but I have no idea what to do with your information, and I'm still lost. Frankly, you're not much help to me."

The man smiles and responds, "You must be a Democrat."

"I am, replies the balloonist. "How did you know?"

"Well," says the man, "You don't know where you are or where you're going. You've risen to where you are due to a large quantity of hot air. You made a promise that you have no idea how to keep, and now you expect me to solve your problem. You're in exactly the same position you were in before we met, but, somehow, now it's my fault."


Anyway, since I just looked up this post for another thread, I'll post the link here too:
https://insurance-forums.com/community/threads/life-insurance-the-whole-story-final.61970/