Susan Orman on Life Insurance
January 30, 2010 by
Filed under life insurance
Susan Orman on Life Insurance
Helping you find the best prices and quality insurance
January 30, 2010 by
Filed under life insurance
Susan Orman on Life Insurance
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Google “A Firestorm Is Brewing For Indexed UL”
Do you have E&O Gaddis. You may need it in the not so far future.
So long suckers, may God bless your clients.
Gaddis wrote in a earlier post, “I wasn’t even referring to VUL’s. VUL’s are variable and carry a risk. I know that, being a securities registered rep.”
I was referring to his companies history. They use to push VUL’s, if you know the history and have common sense you know why they IUL’s now.
You are not securities licensed so why lie. If you can lie to us and you don’t know us. Then I only can guess what you are telling your clients. You want last long in this business Gaddis.
Gaddis claims that he and his clients have so much CV. How could they have so much cash value and you only been licensed for a little over 9 months Gaddis? What is so scary how a company can let you illustrate those high interest rates. Add fuel to the fire you are a greenie at that…..
The 80’s all over again when agents were illustrating 12% for UL policies.
No one is backing up Gaddis’s 10.5% rate of return on Index UL’s, are they?
Well dhfken, you are the fool. Are you so dumb to ask such a stupid question? If you think that life is so bad then why don’t you just go and shoot yourself and put the rest of us out of our misery of having to read your idiotic posts. By the way how many books are you up to now? 15? I doubt it. Holy cow dhfken haven’t you ever heard of market fluctuations and economic trends? No? Oh that is right, you are the idiot that says that the reason everyone is broke is because we don’t buy crappy WL!
@bond519 It is because FOOLS like you have so much say why life is getting harder and harder. Are you so DUMB cant yousee the decline? And cant you understand that the problem is with the way we mobilize and use capital.
IOB: Thank you for showing your true self. Not only do you lie but you push compliance also. Yes I did realize all of your points but what is your point? Cash Value life ins? You really are a twisted crook aren’t you? Go ahead and keep lying to everyone. Just pray that you don’t ever meet me at a clients table. With what you post here on You Tube I would have you out of business and no license. I sure hope you don’t tell the same lying nonsense in public.
thanks for sharingthe truth for the world at large
@IOWNBANTERKING1 LIFE INSURANCE is an INVESTMENT and it is the best INVESTMENT there is. The other concoction that the greedy crooks on wall street have devised to earn fees are making people poor. Have you noticed that with the explosion of Mutual Funds and Hedge Funds people are getting poorer? Did you know that for the first decade of the 21st century less than 500000 jobs were created. In the past 18-20 million jobs were created per decade. Did you know that family income is at an 18 yrs low
@IOWNBANTERKING1: As long as you seem to get confused about what you post I will copy and paste what you posted. “The definition of a tax shelter is “a technique that allows an investment to be legally exempt from federal, state, and local taxes, to varying degrees.” You clearly posted “Investment” Now as to the disabled question here is my answer to you. You really are not a very good advisor are you? You seem to know how to sell a crappy product and not do the proper Job for the customer.
Did I say that life insurance is an investment? No, I simply gave one (of many) definitions of a tax shelter. Yeah there are ways to create a taxable event with life insurance and yes there are acquisition fees, but don’t investments bare those same features? I think so. Oh, but wait…what if you become disabled? Will those investments continue to fund themselves? What happens to your term insurance or your ability to get more insurance in that case? I’m sure the S&P will make sure they retire.
@MegaJohnShaft: I am not angry at gaddiswfg. Honestly I don’t know what company. What company and what common connection?
@IOWNBANTERKING1: like I said. It isn’t a viable tax shelter. Big deal that you can juice it up. That doesn’t make it a good tax shelter. I can get tax free investments also and I can juice them up also with a lot less expenses. So now you showed that you are a good twisting agent. First of all life insurance is not an investment so that destroys your BS Idea. Keep twisting the truth. Looks like your good at it.
No you can’t claim it on your taxes but you I can put additional funds into the cash value to juice it up, let it earn a risk-free 5% or so and, if my agent is worth his weight, I can work it so that I never pay taxes on the gain. The definition of a tax shelter is “a technique that allows an investment to be legally exempt from federal, state, and local taxes, to varying degrees.” I’d say not paying taxes on the gain in CV is a tax shelter…maybe not in the traditional sense, though.
I was referring to Gaddis IUL imploding. Because he underfunds and illustrates a 10.5% return. If the cash accumulation is so great why even bring up the No Lapse Guarantee?
Do you think that an 10.5% is ROR that you should be illustrating to your clients?
What about premium expense load? What about the overloan protection rider? Are withdrawals free? Then again let me bring up the participation rate, why can’t you say currently the part. rate is ??%?
Go anywhere on the web and they will say that you guys repeat what you company tells you. 10.5% need I say more? Tell me the participation rate then.
I am appointed with the companies under the AEGON umbrella, have access to products that you aren’t even allowed to sell under Aegon. ING’s IUL just came out what like last year, like Feb or March 08, correct me if I am wrong. I don’t know about Western Res. but like a few months ago for that GIUL. I was exposed to GIUL by the company that pioneered the product, GAddis. I am just curious with the relatively short time GIUL has been on the market how can you have so much CV?
@bond519-you should not be to angry at gaddiswfg.If you know the history of his company and YOURs there is a common connection…
BTW-how is biz going for you?
Inswiz-You are mistaken about ALL ULs exploding, I was saying SOME have NLG. I would even add that I have a company that has a term rider on the IUL. and 6 different crediting options of which none creates a loss for the client. It still has the term insurance portion(rider), and still has the cash accumulation. Gaddiswfg can tell you the companies, he has listed some already. Good luck Inswiz with your business.
@gaddiswfg: Feel sorry for all of our clients all you want but at least we save out clients from the scams of Cash Value Life Insurance. All you save them from is having more money in their true investments. Stop lying gaddiswfg.
@gaddiswfg: No moron you are the one that doesn’t have a clue of what you are talking about. You bent thinking whole life agents always mention all of these people that buy all kinds of whole life. Proove it! Where is the proof? The truth is that you are full of shit and lying your ever loving butt off because arguing here on You Tube won’t put your butt on the line if you are lying. At the clients table where the truth would come out you would be exposed. Sorry bud but you wouldn’t win with me.
@gaddiswfg: Now I know that you are lying. By the way you sound like a typical whole life agent that twists your comparisons around to make your permanent insurance look good. When you make your comparisons maybe you should use a good mutual fund and you already claim to use cheaper term. So if you were actually using honest comparisons you wouldn’t post the BS you just did.
@IOWNBANTERKING1: That is real easy. Can you claim your cash value on your taxes? NO. And you call yourself an advisor? I don’t think so.