http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1-2/ This is where your finance takes place Fri, 10 Oct 2008 23:04:20 +0000 http://wordpress.org/?v=abc http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1-2/#comment-2535 Ramis Sun, 08 Jun 2008 14:33:51 +0000 http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1-2/#comment-2535 I believe in term insurance and always provide my clients with term insurance to cover their TEMPORARY NEEDS! term insurance can not be used to cover permanent needs, such as tax planning, estate equalization, charitable giving etc........it would be ridiculous to use term insurance to cover a need 40 years down the line.........the renewal rates will take away from any savings you may have had from the short term. We use term insurance in planning to cover mortgage, loans etc.......you never know when the client dies and when they'll need it. you dnt have to use whole life for permanent you can use term 100 coverage which covers the client up to age 100 well beyond life expectancy and if they client is still alive you will get the facevalue so either way it pays out. there are also permanent coverages that offer all your premiums back after a certain period (10 or 20 years) sometimes clients use these to protect their temporary needs and than ask for premium return, although it does cost more, it is a great option if you have enough cashflow I believe in term insurance and always provide my clients with term insurance to cover their TEMPORARY NEEDS! term insurance can not be used to cover permanent needs, such as tax planning, estate equalization, charitable giving etc……..it would be ridiculous to use term insurance to cover a need 40 years down the line………the renewal rates will take away from any savings you may have had from the short term. We use term insurance in planning to cover mortgage, loans etc…….you never know when the client dies and when they’ll need it.
you dnt have to use whole life for permanent you can use term 100 coverage which covers the client up to age 100 well beyond life expectancy and if they client is still alive you will get the facevalue so either way it pays out. there are also permanent coverages that offer all your premiums back after a certain period (10 or 20 years) sometimes clients use these to protect their temporary needs and than ask for premium return, although it does cost more, it is a great option if you have enough cashflow

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