Dave's on a mission from God, while lining his pockets for the Great Apocalypse.
Something I Agree w/ Dave Ramsey On
- Thread starter MVI
- Start date
Media entertainers do not need to be licensed to offer financial information . . . this includes "consumer reporters" and folks like DR.
He can be compensated by the agency as an employee, officer or board member without being licensed.
He can be compensated by the agency as an employee, officer or board member without being licensed.
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- 17,063
I think he is also compensated as a Lead Generator/Provider.
And all this time I thought he was pro bono!
His ELP insurance brokers pay a fee for an exclusive, protected territory and are provided leads from his organization.
Practically everything he does generates a stream of income. He is a masterful self promoter.
MIGA1626
Super Genius
- 230
I totally agree with him on life insurance. I still have not had anyone explain to me why anything but term make since. If you are buying whole and universal for an investment then inflation is going to completely destroy you. Just seems like a way to launder money and that's it.
- Thread starter
- #18
MVI
Expert
- 67
That whole thing of giving advice w/o being licensed really blows me away.
The tax provisions in permanent life insurance when super-funded is a powerful concept for high earners.
Another consideration for permanent life insurance is the literal coverage for your "whole life"
But this is the P&C portion of the forum so that's that I guess.
The tax provisions in permanent life insurance when super-funded is a powerful concept for high earners.
Another consideration for permanent life insurance is the literal coverage for your "whole life"
But this is the P&C portion of the forum so that's that I guess.
You're probably not aware that his earlier radio show co-host was Roy Matlock Jr......of A.L. Williams/Primerica fame?
MIGA1626
Super Genius
- 230
How would this look on an ROI basis? A business owner can invest in his own business and fully deduct or depreciate everything. I don't see how a life insurance policy could beat the return one would get in their own business or even the returns of the S&P 500 over the long term. The ROI is great for the agents and carriers that sell it.
