Online Life Insurance
Online Life Insurance
Susan Orman on Life Insurance
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Susan Orman on Life Insurance
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25 Comentarios en “Susan Orman on Life Insurance”
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Insurance never a permanent need?
Obviously not looking at tax planning or estate planning needs. Yes, I agree, assets accumulate but at some point (usually on 2nd death) there is a tax liabilty, and why erode your own assets (or those that are to go to your heirs) when the insurance company can pay for it.
I love the spaced out audience faces hahahaahhaha, they look like disoriented fish
She have NO IDEA about different life Insurance policies.That is RIDICULOUS .Life insurance products are more complex than that, and saying that term it’s better is just like saying that small cars are better that SUV’s. Any smart person out there would know that this is relative to many factors. + putting in the same bag variable policies and whole/universal policies it is just pure ignorance/ Her personal coach must work harder on her, she is misleading.
CASH VALUE = TRASH VALUE> Wow, I just can’t understand why someone would try and justify this cash value mess. Takes 2 years for any value which is little, to build. You pay 8% on top of borrowing what is supposed to be your money. LOL!! Your death benefit goes down and all the so called money you built up over time well, when you die it goes right back to the insurance co. LOL Now> Cash value or Term? LOL
this is my last post on this video, and i will just close with this.
laws, products, financial advice, change constantly and people need to keep up
Please explain to me why someone wouldn’t invest in municipal bonds or municipal mutual funds instead, that provide the same or better rate of return and still have their money grow “tax free”? Is it becuase the life agent does not have a series 26/broker’s license? I’m not trying to provoke, just very curious.
That is just plain deception. The loan is from the insurance company and backed by your money, your cash value and your face amount. The company is at no risk at any time during the borrowing of the cash values. What if you have to default on that loan or simply stop paying the loan back. The loan amount continues to grow with interest. This eats into your cash values. If you cancel the policy,the loan amounts and gains may be taxable. Tell the whole story!
The only financially ignorant are those that sell cash value policies knowing that people are going to borrow from their cash values and potentially place themselves in a work of trouble with the IRS. The most recent statistics are that at the end of 1997, 104.7 billion dollars has been borrowed from cash value policies. That’s up 2.7 billion dollars from last year. Stupid!!!
Boytoru1…are you a financial advisor? Have you been watching what we’ve been watching? Are you feeling sick because She single handedly destroy the products you sell?
I am not a financial advisor. but, simple advice is the right advice for me. I don’t know maybe it’s just me. I like simple things when it comes to “Tax Advice”, life insurance, or investment advice.
My life insurance agent sold me a term because that is all I need and I took her, (Suze’s) advice.
that doesn’t even make sense what u just said. let me guess, u sell life insurance?
A legal reserve life insurance company simply does not close its doors and go out of business declaring that all policies are null and void. Legal reserve life policyholders enjoy personal security safeguards unknown by any other type of business.
In the unlikely event that a company’s annual statement or its own examination reveals possible financial weakness, one of several avenues is open to the company: (1) Produce additional operating capital; (2) Sell its business to another life company; (3) Merger into another financially stable life company.
there are certain life insurance policies out there that do have “tax free” withdrawals, however it is more complicated then that. The withdraw is actually a loan backed by the policy at a low or zero interest rate that you pay back when you die. During the time that you are alive since it is a loan it is not a taxable event. When you die the policy blooms into the tax free death benefit minus the loans held against the policy. Hence the simple explanation that it is a tax free withdraw.
I feel her advice his solid for the financially ignorant. People can make very stupid mistakes… so better to give them simple advice then the right advice they really need.
grasshopperyr711 knows what he is talking about and the rest of you are just scared cash value agents who know some of us are replacing your VUL’s with term. sucks huh
To those of you who keeps on saying “Tax Free” withdrawals on their life insurance policies….Which planet you guys live? If this is true then Suze Orman and Dave Ramsey should be jumping in your so called investment advice….Tax Free? Bwahahahahaha….
Desmoluvr, I tried talking with this grasshopper goof about a Dave Ramsey video. He can’t get out of his own way. He must be related to A.L. Williams or something because he’s the scariest rep I’ve ever seen. A person who can’t or won’t learn, remains ignorant, and it appears that this will be his plight for life.
Garbage! I can debunk that idiot any time. You too! Let’s talk about your VUL policy. Start with how much you pay and what is your beginning coverage? Also, share your starting age and what your fund is suppose to be by age 65 at 12% since I’m sure that is what you were shown. If you aren’t willing to break this down, then it’s time to put up or shut up. Put your money where your mouth is.
This is debunking buy term and invest the difference? First of all, with term, you could double or triple your coverage at half the price. That way, you are better covered for which you should be buying the life insurance for in the first place. And, how are your funds doing now??? So, you can’t claim anything better than investing the difference in a Roth IRA, now can you? Also, only one company has to go out of business to lose all your money, your insurance company. Read the Separate Acct.
“He’s getting paid to be a NLU-CLU spokesperson”. Please offer up some sort of proof to that. Have you even bothered reading any of his books? Life ins is only one of many topics that he discusses. There was a great article last year in Physicians Practice magazine debunking the myth of “buy term and invest the rest”. At least for the more affluent crowd.
So, he makes money from selling books proping up life insurance agents who steal from their clients by selling cash value policies. Have you bothered listening to real consumer advocates many of them who are CPA’s that completely debunk his myths? And, how do you know that he isn’t an insurance salesman too? He’s getting paid to be a NLU-CLU spokesperson.
Who was sued? What are you talking about? The fact is, the CLU and Press got their clocks or clucks cleaned!!! They were lying and the judge didn’t buy them.
I don’t care what title you give them. If they sell cash value they are clucks!!!
Ed Slott is a CPA not an insurance agent. He DOES NOT make a “big” commission from his customers. Have you even read any of his books? You sound ignorant of the facts.
Ok, if CLU isn’t good enough. How about a ChFC or a CFP or a CPA? The lawsuit you mention, was that before or after he was convicted of securities fraud?
She knows about them.