- 15,041
If only they had BTID.
Mortgage Protection vs. Term
- Thread starter JJ2713
- Start date
If only they had BTID.
- 5,935
I'm trying hard to not use the word "Insurance" . . .
I'd rather think of it as "Asset Protection".
I show Consumers and Small Businesses solutions that can help them protect their most valuable "asset" - their Family and / or Business.
When someone Dies, or develops a Critical, Chronic or Terminal Illness, or becomes Disabled for whatever reason - the Family and / or Business must carry on and survive. They need Cash! Tax Free Cash!
Cash for Mortgage Payments -or- Payoff, Vehicle Payments, Daily Living Expenses, Kids College, Lifestyle Continuation, Business Expenses, etc. These and more can be paid if the correct Asset Protection Solution is in place.
I'm learning new ways everyday to become an Asset Protection Specialist.
- 4,569
No kidding.
Ironic part is that before all the current day great financial advice, knowledge and information we have at our fingertips as consumers, more people actually had mortgages paid off before retirement. Many times without dual income households.
Just proof that human nature can get in the way of a perfect plan in a book saying 15 yr term for 8-10x income is sufficient for all. Our job to offer all durations of term and permanent as the safety net for when consumers get off track from their perfect ideal spending & future income plans.
Ironic part is that before all the current day great financial advice, knowledge and information we have at our fingertips as consumers, more people actually had mortgages paid off before retirement. Many times without dual income households.
Just proof that human nature can get in the way of a perfect plan in a book saying 15 yr term for 8-10x income is sufficient for all. Our job to offer all durations of term and permanent as the safety net for when consumers get off track from their perfect ideal spending & future income plans.
Nooo not that!!
- 5,935
Was thinking that BTID was a good option, and it would be if people did all parts of the equation. Hard to explain too. But - ROP Term can produce similar nominal results.
I think that a 25 - 55 y/o couple w / wo children needs a Million $$+ Term while they can get it -or- get the most they can afford to provide their Family with Tax Free Cash to survive a death.
With Accidents being the #3 or #4 cause of death in USA - I'm leaning towards ROP Term coupled with a ROP Accident Term with Assurity.
Never understood why people have to come up with names to try to hide what they actually sell... Personally I am proud to sell insurance.... But then, I am also not ashamed of being an insurance agent as opposed to an "asset protection specialist", Financial Planner, Advisor, etc..
- 11,275
Not ashamed... but most people don't understand all that a life insurance agent can do for them. The perception is that you just sell policies, but not understand the problems you solve with your products. (The public's knowledge of how life insurance works... is dismal.) I won't allow someone else's perceptions on what they *think* I do and sell to impact how I can help them.
Don't disagree with much of what you say.... But as an "Agent", I can educate them just well as if I use some fanciful title....Not ashamed... but most people don't understand all that a life insurance agent can do for them. The perception is that you just sell policies, but not understand the problems you solve with your products. (The public's knowledge of how life insurance works... is dismal.) I won't allow someone else's perceptions on what they *think* I do and sell to impact how I can help them.
- 11,275
As long as it's legal, moral, and ethical... never stop doing what works.
- 5,935
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