Dave Ramsey on life insurance

The life insurance means making your life safe by taking insurance policies on various aspects. As a contract between the insurer and the policy owner, a benefit would be paid to designated beneficiaries. The major aspect before taking an insurance policy is that just look for the validity period and the charge of the insurance. Since it is important to calculate the investment amount which will benefit are take up any other policy, which could save the cast. Do not go for the life insurance policy which could cost you more. Term life insurance has been very well with relevant examples.

Mr. Bond, you also said, "My clients understand the market and the possibilities that can happen." It is highly damn unlikely that that is true. For starters, virtually none of people posting on these insurance pages "truly" understands the Market (that includes me, all Primericans, and most everyone else). Maybe Piratesofmanhattan and Incorruptabletruth do (they talk a good game at least). The idea that YOUR clients understand the market is laughable. The truth can be painful, can't it?
bond519 (1 day ago)

Mr. Bond, you said "My clients young and old are excited about the market" and "my customers haven't lost any money!" I smell a little BS. You are apparently the sole Primerican who clients are in that situation.

The last time I checked (and I have checked) you claimed to be a christian. And correct me if I'm wrong, but isn't one of the commandments, "Neither shall you bear false witness".

Do me a favor and step it up.
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Mr Wood dog: My clients are fully aware of the market. The answer is in your question but obviously you don't either have any education or if your an agent you don't educate. My clients understand the market and the possibilities that can happen. My clients young and old are excited about the market. How about all of your Whole life clients? What do they have to look forward to? Their maybe guaranteed 4% when inflation is 5% or better. By the way my customers haven't lost any money!
NMFN2009 (1 day ago) Show Hide
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You don't get the simple message that I'm trying to convey here. It's very simple. One solution is not right for everyone. Term insurance is not the solution for everyone and neither is whole life. And no I don't sell universal, CD's, or annuities. Everyone's needs and goals are different. Not everyone has the discipline to put together a cash envelope (Ramsey) and stick to it. That's why I don't like the "broad-brush" approach. And I tell every one of my clients to do their own research.
bond519 (1 day ago) Show Hide
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NMFN: I get the simple message! You are right that term isn't the solution for everyone. I will just say my point and I know you won't agree but I have never seen a client that NEEDED Whole Life. There are always other answers that can fill the need of the customer. Again you quote part of Dave Ramsey and you use the old adage that not everyone has the dicipline. Isn't that where you're supposed do do what's best for the client? Go through one of Dave's courses open mindedly. Might suprise you.
wodendog (1 day ago) Show Hide
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When NMFN2009 sits down with one of his clients and they ask him if their WL policy has tanked, he can say "no, in fact is has grown, even in this Bear market."
bond519 (1 day ago) Show Hide

Wood Dog: No their Whole Life policies haven't tanked because they cant get any lower performance than they already have. You won't win that argument with me! If You knew anything at all you wouldn't keep up with that stupid Whole Life front. By the way how did Whole Life compare to Mutual Funds in return over the last 20 years?

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