Jun 18, 2022
11:30:21pm
11:30:21pm
Great heading, because everything you wrote in the body is nonsense spin.
Tell us 1 thing that is riskier for the insurance company when they write $1M whole life vs $1M term life policies. The risk is exactly the same. You die. They have to pay you the $1M. In whole life, they also have to pay you more based on the investment side of the policy which is exactly the issue.
The amount extra you pay for the investment part is way over the top vs the additional payout.
And that, my friend, is why they pay the sales person disguised as a financial advisor a ton of money to sell those policies.
The amount extra you pay for the investment part is way over the top vs the additional payout.
And that, my friend, is why they pay the sales person disguised as a financial advisor a ton of money to sell those policies.
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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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