re: Whole Life Investments. Pro's and Cons?

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I am a Agent

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We already knew that based on everything you said before it.

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give me another one little Ramsey

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Lose the attitude and I will.

I bet you wonder why people don't like to invite insurance salesmen into their lives.....

I have no problem i just dont like people who try to bash something they know nothing about. I sale the crap out of term but I like to educate people on WL. Its not crap its just not for everyone

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I have no problem i just dont like people who try to bash something they know nothing about.

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So, you REALLY believe the only drawback to WL is its cost?

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I sale the crap out of term

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If it's not on sale, do you still sell it?

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Its not crap its just not for everyone

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Well that certainly sold me.... "Buy my product! It's not crap! It's just not for everyone."

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I'm done talking to uneducated people. Buy what you want, the facts speak for themselves

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We need to hook you up with Amsterdam.

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None of you have givin me ANY cons other than price of premium.

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Um ... ... ...

Are you serious?

And the fact has been raised that if you die the value of the thing evaporates other than the death benefit.

But 3 out of 3 people who sell this steaming pile of crap think it is a good idea. That is pretty compelling.

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Buy what you want, the facts speak for themselves

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I could not have said it better, which is why I have term.

It does take about 12-15 yrs. After that time your dividends, if your with a strong company,can pay the premium for you or it can buy paid up additions and grow your death benefit. Ya'll are talking out of your arse, the cash value is there for the insured during the time they are living and can be used as an interest free loan. I can go all day about the benefits. Wait until your term runs out and you have to price term at age 60. Go run a quote on that premium.

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Russian is a real life tard.

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Because I question your claim that cost is the only drawback to WL? If you sell (or, "sale" as you put it) insurance, then you surely know there are other issues with whole life policies. Why are you not being honest about it? Are you afraid you'll lose a sale (or "sell")?

Now that you called me a tard, let's review just this one post of yours:

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The reason its not

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Should be spelled it's since it is a contraction for "it is."

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None of you have

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Should be "None of you has...."

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givin

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Should be "given." "Givin" is not a word.

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I own term on me and my wife.

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Should be "on my wife and I."

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This isnt facts from my company

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Should be "These aren't facts...."

It really helps your case when calling someone else a 'tard' if you would at least not use standard Livingston Parish grammar to do it.

Now regarding other drawbacks, buying whole life on young children is absolutely mindless. They don't need their lives insured at that age. What they need is an investment plan to prepare them for college expenses. Rather than transferring your wealth to an insurance company on their behalf, the intelligent thing to do is invest what you would have put into premiums into a diversified no-load, low expense stock index mutual fund and reinvest the dividends. The cash value of that account upon their high school graduation would be approximately double the cash surrender value of a whole life policy at age 18.

If you are worried you won't have enough money for funeral expenses (God forbid) for them if they should not make it to 18, then a small ($10,000) term policy for them could be purchased for almost nothing.

The standard insurance peddler's argument of "they may not be insurable later" is just bunk. Such a small percentage of young people become uninsurable, it is a faulty argument.