Why Do Parents Think This ?

[BNTRS]

When Mr. and Mrs. prospect tell me 20 dollars a month is all they should need to put away to fund college and they won't budge my thought it that they are most likely not going to become Mr. and Mrs. client.

If they are looking for a good recommendation for the 20 dollars a month...scratch tickets?

 

[scagnt83]

When Mr. and Mrs. prospect tell me 20 dollars a month is all they should need to put away to fund college and they won't budge my thought it that they are most likely not going to become Mr. and Mrs. client.

If they are looking for a good recommendation for the 20 dollars a month...scratch tickets?

Scratch off tickets, lol. I like it!

Its kind of like an old buddy of mine, whom after finding out I do investments, asks me wheres the best place to put $200 that he had saved up.....
I told him a wallet, or maybe a money clip....

 

[bill3173]

Why do all new parents think they can purchase a life insurance policy that will cost them $20 or less and somehow have enough cash value to pay for college when the kid are ready??

20 x 12 x 18 = 4,320 what kind of interest rate do they think I would have to give them to do this??

That's a good story that certain agents like to tell younger clients. I don't work that market anymore, but I heard about that special policy my first year in the biz. The lady wanted a policy like the her friend's that would pay for the son's college and provide extra spending money.

If you ever decide to start sellling health insurance, you will become privy to the $0 deductible, $0 co-pay health insurance story that includes free car washes.

 

[LGilmore]

"Why do all new parents think they can purchase a life insurance policy that will cost them $20 or less and somehow have enough cash value to pay for college when the kid are ready?? "

Cause they really don't want to accept the reality of the situation. For those of you who are touting the "you should be putting $300-400 a month into a XYZ" Let me ask... after you've kicked them in the gut, how many spend that much with you?

Everybody suspends reality about something sometime in their lives. It is human nature. We talk down something because we can't compete, so we bash and call the clients who go that direction "stupid or dumb", when really we could not present a strong enough argument for them not to.

 

[DS4]

Why do all new parents think they can purchase a life insurance policy that will cost them $20 or less and somehow have enough cash value to pay for college when the kid are ready??

20 x 12 x 18 = 4,320 what kind of interest rate do they think I would have to give them to do this??

$4320 will just about cover the cost of books for 4-6 years.

 

[theinsuranceman]

[/quote]


Everybody suspends reality about something sometime in their lives. It is human nature. We talk down something because we can't compete, so we bash and call the clients who go that direction "stupid or dumb", when really we could not present a strong enough argument for them not to.


LOL. Sounds almost like Jdeasy criticizing selling FE over the phone even though he's never even tried it.

 

[Mark]

I always give them this link here in ga.

Home

 

[johndale]

Education expenses can come from different sources not directly money itself.

 

[insuranceexec]

Education expenses can come from different sources not directly money itself.

Please clarify; I apologize I do not follow your version of English.

 

[David C]

I have a pamphlet that I order from Ohio National that shows the costs of four year schools in the USA.

Boy are those private schools expensive!