Is the life insurance market going to drastically drop due to the possible recession?

[bill3173]

Re: Is the life insurance market going to drastically drop due to the possible recess

Yes sir! 11 children - oldest 15 and youngest is 2.

It must be a good feeling to have children under Bush. We tried to have a little bush supporter, but don't think its going to happen before he leaves office.

I don't know how anyone can say that Bush is the worst president. The worst was an evil dictator named Lincoln.

 

[LGilmore]

Re: Is the life insurance market going to drastically drop due to the possible recess

"Yes sir! 11 children - oldest 15 and youngest is 2."

Just curious...how much life insurance do you carry on yourself and your wife?

 

[LGilmore]

Re: Is the life insurance market going to drastically drop due to the possible recess

I think there will definately be adjustment by the industry.

However having sold for 20 years now and coming back into life sales after years of group what I've noticed is...

People (as a whole) don't view life insurance as important as they did 20 years ago.

Why? maybe a couple reasons

..the thought that the government will take care of my family. Which 20 years ago was fighting words in an appointment demo or republican. Nowdays it seems to be a given disposition.

..the buy term and invest the difference guys. The set by 60 set.

People are listening and not purchasing coverage because after all, they won't need it after 60. So why buy it at 30?

Coming back into life sales as a primary driver of my business a couple years ago I have noticed alot of people age 50 plus purchasing their first life insurance policy... the kids are grown, yet they are looking at million dollar coverages.

They never bothered to buy insurance when they were young and had kids to support. Instead they've waited until late middle age and less than prefect health to buy.

Many of them are millionaires on paper...assets 2.5 million the problem? liabilities 2.3 million.....

I'm running into people who invested the difference and spent up to the lifestyle the difference allowed for credit wise..... They've accumulated wealth and debt at the same time with equal vigor.

While the economy is definately hard right now, I don't think it is the "real" reason behind life sales one way or another. The same person who can't afford a $20 a month life premium "finds" a way to drop $8 every morning at starbucks....

 

[xrac]

Re: Is the life insurance market going to drastically drop due to the possible recess

Application Activity Levels Off

National Underwriter Life & Health

 

[JMO Fan]

The more the Merrier

Yes sir! 11 children - oldest 15 and youngest is 2. We were expecting our 12th, but my wife started bleeding last night. I believe we are miscarrying. This will be our 5th miscarriage.

Sorry to hear that.

Children are a heritage from the Lord - Happy is the man who's quiver is full. We are certainly happy.

Good for you! I agree completely. We have nine, +12 grandchildren so far.

 

[xrac]

Re: Is the life insurance market going to drastically drop due to the possible recess

Yes sir! 11 children - oldest 15 and youngest is 2. We were expecting our 12th, but my wife started bleeding last night. I believe we are miscarrying. This will be our 5th miscarriage.

Children are a heritage from the Lord - Happy is the man who's quiver is full. We are certainly happy.

Are you Mormon? Catholic? What?

 

[Reuben]

Re: Is the life insurance market going to drastically drop due to the possible recess

I just passed my life and health exam in S. California, and am set to start selling with New York Life. Most of the comments I've read here have said pretty good things about NYL, but I'm curious how negatively effected the life industry has been and will be as the economy gets worse. Any advice or just plain comments will be appreciated.

Which office are you working out of?

I've a date for contract signing at the office near the John Wayne Airport.

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

Are you Mormon? Catholic? What?

I feel for his poor wife. Good gawd...

 

[arnguy]

Re: Is the life insurance market going to drastically drop due to the possible recess

God help us when Bush leaves.

He certainly will when we get rid of Bush!!!

 

[arnguy]

Re: Is the life insurance market going to drastically drop due to the possible recess

.

I don't know how anyone can say that Bush is the worst president. The worst was an evil dictator named Lincoln.

Do I see a Confederate flag unfurling in the background?