If they are your "firm" no, you would not buy what was being recommended.. You won't need insurance at a certain point in life? How do you know? Do you know your investment strategy si going to work? And, if it does,and you are wealthy beyond your wildest dreams, you won't need any insurance to protect your wealth from the tax man? And, if it doesn't work and you won't need any insurance to keep your family from being burdened with your final expenses..Agents sell insurance everyday at very high prices due to people's age and health that find they do need coverage at a time in their life when they were certain they would not.
Suing my insurance agent
- Thread starter emulimu
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- #42
All that is fine but he didn't put me in an good permanent policy. Couple of years of not paying will ruin it. Atleast, I would be able to afford term and sleep like a baby these 20 years. that's the point.
Well, I may be sued tomorrow but so far in 48 years I haven't... I do wish that when people sue and do not win, they would have to pay the pendants attorney's fee plus damages to cover the defendants lost time and wages.. Sure would put a stop to a lot of frivolous lawsuits..
A couple of years of not paying will ruin anything..only takes a month of not paying a term policy to ruin it..
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- #45
Term is cheap! same amount of DB in this scam policy is 20x more!A couple of years of not paying will ruin anything..only takes a month of not paying a term policy to ruin it..
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But is it his insurance agent's fault that he lost his job?
Exactly! And a court would ask the same question... did the complaint only come to life when the job was lost.
What I see here is a simple case. I think if it got past a good lawyer, it would go to judge and he would throw it out. Simple as that.
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Nicely done!Exactly! And a court would ask the same question... did the complaint only come to life when the job was lost.
What I see here is a simple case. I think if it got past a good lawyer, it would go to judge and he would throw it out. Simple as that.
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>> I am hoping some ethical and moral agent will point me in the right direction.
Your first post.
>>... frame of mind I am in, just flew off the handle.
Fair enough. If you were to read some of the threads here you would see some real arguments.
>>I don't need coverage after term runs out.
Not arguing with you. However, I have had many 20 year term plans, I wrote, term out. Some people were fine with it. Some were devastated because they still needed coverage and can now not get at ant cost. Just like you finances changed. Shit happens or it does not.
>>"Objection" get it? that's how you get trained, don't you?
Yeah, many if not most are trained to over come objections. As we mature in the business we learn what is a true No I don't want that to a Suzy or Dave said I need this. Which means they need more info. Most experienced agent will review the wants and needs of a client. review the benefits and pit fall of the solutions. Then if you say 10 year Term, I say sign here. Personally I would rather write ten year term over permanent. With Permanent I only get paid once. With Term I am going to get another bite at the apple in a few years.
>>They are our firm "No
Evidently not to firm. You signed the app including the illustration.
Take Davids advise. Do your due diligence. Unless this is a very large amount you are going to be hard pressed to find an attorney. Your hourly rate is probably lower than theirs.They are not 401Cs.
Still curious was he with World Financial Group? What company is it?
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Over 37 years in the business and haven't been sued yet.
Term is often the most expensive policy a person ever owns..
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