Comments on: A Response From a Primerica Agent Part 1 http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/ This is where your finance takes place Thu, 09 Feb 2012 12:42:32 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Primerica Goes Public (PRI) http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/comment-page-1/#comment-9751 Primerica Goes Public (PRI) Tue, 06 Apr 2010 17:02:30 +0000 http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/#comment-9751 [...] Primerica Paradox?: A response from a Primerica agent. [...] [...] Primerica Paradox?: A response from a Primerica agent. [...]

]]> By: 2thebrainwashed http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/comment-page-1/#comment-5814 2thebrainwashed Mon, 11 May 2009 19:11:06 +0000 http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/#comment-5814 Many agents do not know how life insurance really works. The agents that sell whole life as investment are not doing their clients justice. Also, every client that you run into that has whole life or a permanent plan, don't assume they have it for an investment. If what I read from the post above by RRodriguez, he is correct the concept and the industry has evolved. You as an advisor must be in position to adapt with the ever changing times. Many agents do not know how life insurance really works. The agents that sell whole life as investment are not doing their clients justice. Also, every client that you run into that has whole life or a permanent plan, don’t assume they have it for an investment.

If what I read from the post above by RRodriguez, he is correct the concept and the industry has evolved. You as an advisor must be in position to adapt with the ever changing times.

]]> By: RRodriguez http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/comment-page-1/#comment-5124 RRodriguez Thu, 05 Mar 2009 19:10:34 +0000 http://www.thefinancialblogger.com/a-response-from-a-primerica-agent-part-1/#comment-5124 Many people working for companies will say that they are the best but I don't work for any company and I am able to objectively measure products based on their own merits as an independent adviser. In my opinion with that level of objectivity one can more accurately tell which product does in deed fit a particular client's situation better than other products. I do not have to fit my clients into a predetermined arsenal from which I can never expand on my own. It is a fact that some agents think that whole life products are bad only because they don't know the proper use of these products and quite honestly because they are sales people under sales people with a need to sell their already limited programs. A Whole Life product actually pays less commission than term products on any comparable first year. Why do these sales people keep saying that commission is a mission on Whole Life when most have never seen a commission table for WL products? I am not saying they are good or bad just that the commission statement is erroneous. Think of a term policy that needs to support deep hierarchy levels as only one possible reason for it's price affected to begin with. We all agree that during certain periods of a person's life they should keep insurance and savings separate but we are not limited to that notion where it does not make sense. For instance... What kind of insurance would this agent issue to a 67 year old who wishes to preserve his or her estate intact? You cannot seriously propose a term policy which would cost more than permanent plans at that point. They would need to issue costly term that increases ever 10 years or less based on age. So what options are we left with? Also, if an when we are to issue any insurance plan we cannot let a company determine what a client should be limited to. That is to say... If I truly love BTID if I really think that is the best thing ever then why not research all term carriers since a single agent with a single policy cannot presume to have the best product for all people. Notice I did not say cheapest but best, a price break would not be bad either. The fact is concepts evolve and expand in time. The new BTID is a far cry from the 80's and 90's BTID products and some companies have failed to evolve in my opinion. Many people working for companies will say that they are the best but I don’t work for any company and I am able to objectively measure products based on their own merits as an independent adviser.
In my opinion with that level of objectivity one can more accurately tell which product does in deed fit a particular client’s situation better than other products. I do not have to fit my clients into a predetermined arsenal from which I can never expand on my own.
It is a fact that some agents think that whole life products are bad only because they don’t know the proper use of these products and quite honestly because they are sales people under sales people with a need to sell their already limited programs.
A Whole Life product actually pays less commission than term products on any comparable first year.
Why do these sales people keep saying that commission is a mission on Whole Life when most have never seen a commission table for WL products?
I am not saying they are good or bad just that the commission statement is erroneous. Think of a term policy that needs to support deep hierarchy levels as only one possible reason for it’s price affected to begin with.
We all agree that during certain periods of a person’s life they should keep insurance and savings separate but we are not limited to that notion where it does not make sense.
For instance… What kind of insurance would this agent issue to a 67 year old who wishes to preserve his or her estate intact?
You cannot seriously propose a term policy which would cost more than permanent plans at that point. They would need to issue costly term that increases ever 10 years or less based on age. So what options are we left with?

Also, if an when we are to issue any insurance plan we cannot let a company determine what a client should be limited to.
That is to say… If I truly love BTID if I really think that is the best thing ever then why not research all term carriers since a single agent with a single policy cannot presume to have the best product for all people.
Notice I did not say cheapest but best, a price break would not be bad either.
The fact is concepts evolve and expand in time. The new BTID is a far cry from the 80′s and 90′s BTID products and some companies have failed to evolve in my opinion.

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