Writing an App a Day

[James]

Really? I'll stick with supercilious because of your haughty disdain rather than your being presumptuousness, which is effrontery.

I would have to disagree with you on this one. I'm not sure if using haughty and disdain is proper, is that not a bit repetitious? Remember, my disdain or haughty is limited to a few not the many. Just so happens you are a part of the few, so yes you may see my posting as being more supercillious than effrontery.

 

[arnguy]

I would have to disagree with you on this one. I'm not sure if using haughty and disdain is proper, is that not a bit repetitious? Remember, my disdain or haughty is limited to a few not the many. Just so happens you are a part of the few, so yes you may see my posting as being more supercillious than effrontery.

Wow, I feel honored to be one of the few rather than just with the herd. I respectfully disagree ; the use of haughty disdain is not redundant. BTW, I totally agree with Marcircus' comment regarding your extensive and admirable knowledge of LI. I hope you don't take the fussing personally. Marcircus. my ilk?

 

[Imladris]

The easiest way to write an application every day.

Get married, your wife will provide all the motivation you will ever need.

I often feel like that's what my husband did.

Although I love him dearly. . .

 

[somarco]

Everyone has BTID and now that the home and cars are paid off, the kids are gone . . .

Unless we have a new generation of investors, that only looks good on paper.

Reality is still that we as a nation have more debt per household (not including the federal debt) and are living paycheck to paycheck. This is not limited to tire changers and hamburger cooks. This affects all walks of life.

Several mortgage companies (including some very large ones) have exited the market laying off thousands of employees. Locally, Home Depot has announced a 5% cut in staff due to the economy (and many more have reduced hours as many are part timers). Delta, who just emerged from BK a few months back now has buy out offers to half their employees.

I have seen IBM offices that used to dot the landscape all over Atlanta close down. Ford & GM closed production plants here in the last 3 years laying off even more + the ripple effect of ancillary jobs tied to the workers.

Historically, less than 15% of the population is financially self sufficient when they reach retirement age. I doubt this figure has changed in a positive manner in the last decade.

That means that 85% will still be living hand to mouth and will have debt and/or surviving family members.

BTID is a BS philosophy to be used by con men and believed by suckers.

That being said, I am not a proponent of selling life insurance (in any form) as an investment. There are very few people who are successful enough from a financial perspective for which investing in life insurance is sound.

 

[bluemarlin08]

If folks don't invest the difference, what makes one think they will continue to fund their WL,Ul, VL? My experience has shown that few keep their perm policies, use the CV for a variety of reasons. So in the end, who is better off, the guy that bought term and didn't invest the difference, or the guy that bought perm and didn't keep it in force?

 

[somarco]

who is better off, the guy that bought term and didn't invest the difference, or the guy that bought perm and didn't keep it in force?

Neither.

Both are financial losers.

 

[tkirk97]

My wife's uncle writes 300 apps a year selling life. Strictly final expense. Lives in a town around 500K, sends out mailers. When he recieves the mailers he stops by the house with the mailer in hand and asks to give them the information on the spot.

He has been doing it around 25 years, doesn't have to mail anymore and really only works about 3 days a week. I think his income is around 85-100K with renewals and everything. He no longer make phone calls because he has so many clients that are no refering him and clients always calling needing more coverage.

He doesn't make a ton of money but if you want to write 300 apps a year I think it is the only way.

You'll have to target a lower income demographic and deal with lapses, insufficient funds, and no takes but I would say that final expense is the way to get it done.

As for cost, many companies will help finance a mailer, probably cost you somewhere in the are of $.26/mailer. You'll need to send at least 5,000 per month so cost is around $1,300.

 

[bluemarlin08]

How do you deal with these "financial losers"?

 

[Crabcake Johnny]

You don't - sell health insurance.

 

[tkirk97]

I don't, just stating someone I know does. Those financial losers probably need more help than anyone. When those people collect on a death claim they truly need every penny to help pay those bills.

Just trying to help a person who wants to write an app a day