Suze Orman on Cash Value Life Insurance vs. Term Life Insurance
by admin on Tuesday, July 13th, 2010 | 25 Comments
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@jgilles85 Google ANY quote engine to find cheaper rates than Primscary!! END OF STORY!!! Can I have some fries with my burger please.
@jgilles85 Hey fool – your Death benefit grow dollar for dollar in cash value in UL and even more in Whole Life – you are so dead wrong. Nice try
@jdhenson2 8% is great, but does your family get the cash value and full death benefit when pass away? The answer to that is no, so it really doesn’t matter if your whole life policy gets 100%, because the insurance company is still only paying out the amount of the face value.
@jdhenson2 lol you are kidding right?? only 8% over how long? an investors time span is 35 years on average so that being said 12% is the average. thanks
show me a account that can get 8%?????, My Whole life is pumping up 8%
@jgilles85 ya i know, mike is a one trick pony. just another scumbag insurance guy.
@probslpwtyormama He doesn’t answer questions, because in order to do so he would need to have knowledge of the products and a set of balls to tell the truth. Obviously by his comments he has neither knowledge or balls which is why he can’t answer a question. Instead all he can do is tell people to check quotes on an unregulated website that was probably created by him! Don’t worry were gonna run idiots like him out of business as Primerica has already ran over 2000 inusrance companies out!
@insurancemike10: Really IllegalMike? Term never pays Death Claims? IllegalMike, why do you lie?
@insurancemike10 why do ul policies have so many hidden fees?
@Ami1836 They sell term as it’s very profitable as they never pay death claims. Fact is less than 2% of all term ever results in a death claim. The premiums are initially low because of this. However if you wish to keep term to life expectancy, ie death, you’d pay far more premium than you would with whole life or universal life.
Insurance companies are falling over each other scrambling to sell term insurance. Are they acting that way because they want to lose money? Suze Orman makes a lot of noise… so does an empty barrel.
@eline65 never mind mikey, he is a trash value agent. he has no idea how investments work or there returns. all he does is rant ( i think he took a small bus to school) he is a one trick pony.
@insurancemike10 There’s no need to insult. The beneficiary gets the money from the policy amount, but not the cash value. The ins co. keeps that. They even deduct any loans from the face value at time of payment. Mutual funds are better for long term and short term gains as long as expenses aren’t to high. But over time, mutual funds, whether in a retirement account, or as a regular investment, can EASILY yield far more then 99.9% of the whole life plans
@eline65 Mutual funds do get short term gains that’s a fact. Check your tilurnover rate. And your family then gets your money when youvdie tax free. Moron
@insurancemike10 posting about returns in a whole life policy ?? tisk tisk.
@insurancemike10 why have you not been answering my questions about investments?
@insurancemike10 And what happens to “All that Cash Value” when I die?
@insurancemike10 Who said anything about primerica? I’m talking about MY money and where it’s best placed for me! 1st fail – Capital gains taxes are currently 15%, after the tax breaks expire they go back to 25%. 2nd fail – I’m only taxed on the gains dude! Not the money I put into it. Both a mutual fund and life insurance are paid with after tax dollars anyway. In a mutual fund I can make more AND I don’t have to wait 10 years to BORROW my own money when I can just have it now.
@insurancemike10: Wow IllegalMike You are lying again. PLEASE ASK ME WHY? I am begging you to PLEASE ASK ME WHY? Also IllegalMike please explain how they will get charged 30% more by uncle sam? I would love to hear this ass hole.
@eline65 Better yet. You invest in that primerica mutual fund and see for youself the charges “for your” money. And never forget which primerica never tells the client that uncle Sam will charge you 30%+ for your money. Wake up.
@eline65: Don’t listen to IllegalMike because he doesn’t have a clue of how to tell the truth. I really love this one ” In order to take the money you have gained taxed deferred out tax free the INS comp has to charge you”. Really? That isn’t what the law book reads. Illegalmike didn’t explain that the reason that the insurance company charges interest. He also lied about wash loans.
@insurancemike10: Really Moron IllegalMike. 0% after ten years? Why don’t you tell people that it doesn’t matter what you say but it does matter what is in the contract. Why don’t you explain a wash loan to the public and see if you lie about that. You have done a real good job lying about everything else. IllegalMike do you carry E&O insurance because you are going to need it. By the way you are totally a liar explaining Whole Life.
@eline65 So you missed the point. In order to take the money you have gained taxed deferred out tax free the INS comp has to charge you. So would you’d rather pay 1% or what the govt will charge you on gain? That would be 30+%. Nice try primerica guy
@insurancemike10
I shouldn’t be charged ANYTHING for my money!
I see the morons who bash WL are spreading more lies – a charge of 8% to borrow you money? Try 0% as loans taken after the 10th year are ‘wash loans” meaning net net no interest and loans taken prior are at net 1% – you want to take loans after a surrender of basis (not that you would know what that means) so $ comes out tax free. MORON ALERT – PRIMERICA MORON ALERT