Jun 18, 2022
9:07:36pm
9:07:36pm
Walmart is a huge corporation and huge corporations often buy insurance
policies on key executives. That is entirely different than what I said. On those policies, when the executive dies, Walmart gets the money. They make the payments and they get the payout.
I have worked for 11 different major employers. None of them ever offered whole life insurance as an employee benefit. They all offered term life insurance.
A couple insured me as a key executive where they made the payments and would get the payout if I croaked. That is entirely different and I have no idea whether they bought term or whole life since it did not affect me. There were tax benefits to them that do not apply to mere mortals.
I have worked for 11 different major employers. None of them ever offered whole life insurance as an employee benefit. They all offered term life insurance.
A couple insured me as a key executive where they made the payments and would get the payout if I croaked. That is entirely different and I have no idea whether they bought term or whole life since it did not affect me. There were tax benefits to them that do not apply to mere mortals.
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- Cougarbib
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I always hear this but never hear those situations, could you or someone else explain a hypothetical where it works?
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Ask him: "With respect to your advice on this whole life policy, are you a fiduciary?" and post his response here.
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The exact commission paid to the agent on the contract should be a disclosed line item on the contract.
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I'm still interested to learn your response to the several questions on this thread about whether an agent acts as a
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