Dave Ramsey on Term Life Insurance and Whole Life Insurance
November 25th, 2011 | 
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www.integritymarketingseo.com Dave Ramsey speaks out onTerm Life Insurance vs. Whole Life Insurance. Check out more personal finance videos and Step by Step Guides about Term Life Insurance, Whole Life Insurance, Debt, Investing, and Financial Planning with Suze Orman, Dave Ramsey, and Greg Olney here at http Suze Orman, Dave Ramsey, Term Life Insurance, Whole Life Insurance, Cash Value, Universal Life Insurance, Variable Life Insurance, Person Finance, Money Management, Life Insurance Tips, Life Insurance Basics, Personal Finance 101, Basics and Tips. www.lifeinsuranceira401kinvestments.comOther
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As anyone can plainly see, trash value agents can’t sell their garbage without lying to the consumer. They can’t defend their policies and practices without lies. They can’t attack Primerica without lying. They come on YT and have to resort to impersonating other people & using multiple aliases because they have no morals or values and know it. Oh, but just because they’ve lied to everyone 10,000 times doesn’t mean they’re going to lie on the 10,001st time – does it?
@jgiIles85 fyi moron, If you are a district and getting “renewals” you been around the block for 20 years lol. Hey jgilles why don’t you actually think of material on your own? You keep screwing up and posting stuff your other IDS have post before lol. Although since you have 4 other accounts…
Our trash value troll considers the following to be a good policy and wise investment: Trash value life insurance with $225,000 face value at $245 / month (at this price it will never be a paid up policy – she’ll pay this as long as she owns it, assuming it isn‘t cancelled.) After 19 years it’s built up a cash value of $22,000. $96.50 / month invested at 0% (zero) interest will give you $22,000 in 19 years. At 4% interest she would have to pay $64.36 / month.
A 30 year term for $250,000 would have cost her about $55 to $75 / month. Lets say $65 (still more than I would quote but let’s make this as fair as possible.) This would leave her with $180 / month to invest. At 7.1% interest she would have over $225,000. If she got 10% she could get there in about 24 years and cancel the policy. I can hear the troll now: “0% returns are far too risky, she need’s the negative returns that a trash value policy will guarantee.”
Let’s look at the average annualized returns for the last 30 years (including the recent period of market volatility): A good Equity Mutual Fund – about 12%, An aggressive Portfolio Fund – about 11%, A Conservative Fund – about 10%, S&P 500 Index Fund – about 9 ½%. You want an iron clad guarantee? If you get to retirement with only $22,000, you aren’t retiring.
Notice what the trash value agent’s avoiding talking about? He defended this policy. This woman got screwed over by some scumbag like him. Gee, why doesn’t he want to discuss it?
@jgiIles85 What’s the matter bitch? You don’t want to discuss the policy? You said it was a good policy. You trashed Suze Orman. What’s your background, loser? What? companies did you run? (Other than your own, which you ran into the ground.) What’s the matter, couldn’t you find anyone who’d go into business with a disaster like yourself? You must have told them you’re views on market returns. Did they run out on you at that point, moron?
As a former Primerican and can tell you it’s fact – they have the MOST expensive term life in the industry and they charge the HIGHEST allowable commission on their high fee mutual funds. Plus they use UNISEX rates which in their case results in NO premium relief for males and absolutely crushes the female rate. ? And their 30 year is ONLY guaranteed 20 years with a waiver that costs 15% of base premium, while ind. ave. is 3%. Criminal
Question: why would anyone want to Buy Term Invest the Difference with Primericrap? Their term insurance is the most expensive? in the industry, and the coverage sucks balls. Why? not work with a REAL insurance company who will give you? rock bottom term rates and invest the EVEN GREATER difference?
a1douchebagprime has no answer to this? basic question. What is he trying to hide?
He won’t debate you because he knows he has no facts to base his arguements on. I’m sure he’s about 3 weeks from being out of the business. He can’t be making a living with the time he’s spends on these sites. That and the time he spends creating false IDs and trying to impersonate good people like me.
Whole life is great, it’s the best.
I love the guaranteed of death benefit for my entire life
The guarantee of premium no matter my health
The guarantee of cash value so I can never lose money
Dividends that grow my cash and death benefits
And all the cash grows tax free and is accessed tax free
Plus if I get sick or disabled the company pays my premiums and I still have access to the cash as if I were making the payments
I love Whole Life – it’s the best
There’s nothing better than Whole life
Our trash value troll defended the following as a good policy & wise investment: Trash value insurance with $225,000 face value at $245/month (it’ll never be a paid up policy, she’ll pay this as long as she owns it, assuming it isn‘t cancelled.) In 19 years it’s built up a cash value of $22,000. Wow! A 30 year term for $250,000 would have cost her about $65/month leaving her with $180/month. In 19 years @ 0% interest she’d have $41,040. The trash value policy gave her a return of NEGATIVE 46%.
She’d have to surrender the trash value policy in order to get her $22,000 from it (permanent insurance?) Wow, a NEGATIVE 46% return that’s tax free and bypasses probate. The trash value troll would prefer that you don’t go by the actual policies or actual results. When your actual return is NEGATIVE 46% you’re supposed to ignore that & believe that it’s really 5%. Given his emotional instability, dishonesty, & incompetence why would anyone believe anything he has to say?
Of course the trash value troll doesn’t want to discuss this. How about the all too common practice of these “highly trained professionals” putting universal life policies on children and then telling the parents that they’re education funds? How about the “expert analysis” they do that results in as much or more trash value insurance being placed on the children as is placed on the parents? These are common practices we come across every day throughout North America.
@Termisexpensive no dividends are being distributed in trash value policies because of low interest rates, so that means policy holders will not get back some of the overcharges that they have been paying for. WHOLE LIFE IS NOTHING BUT TRASH !!!!!!
@jerkilles95 spread the word ! It was in the WALL STREET journal, so it must be true.
WARNING EVERYONE:
jgilles85 is an ex-primerican that got fired for screwing his customer, now he is a whole life insurance agent, i have been tracking him down through many blogs, check any blog that talks about TERM INSURANCE and you’ll see, everyone please DON’T WAIST YOUR TIME WITH HIM.