Comments on: The Primerica Paradox: The Approach http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/ This is where your finance takes place Fri, 19 Mar 2010 14:13:28 +0000 http://wordpress.org/?v=2.9 hourly 1 By: What I Don’t Like About Mary Kay and other Multi Level Marketing (MLM) Companies http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-6784 What I Don’t Like About Mary Kay and other Multi Level Marketing (MLM) Companies Tue, 01 Sep 2009 09:03:55 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-6784 [...] products and the latter offers insurance and other financial services. I have actually done a full analysis of the Primerica structure over at The Financial [...] [...] products and the latter offers insurance and other financial services. I have actually done a full analysis of the Primerica structure over at The Financial [...]

]]> By: Answer This http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-6541 Answer This Wed, 05 Aug 2009 18:39:58 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-6541 Richard let me say this one more time. You are where you belong. Consider this. A client has debts they wish to pay off immediately at death. the base policy can take care of that. Now he/she may wish to guarantee the spouse/beneficiary a certain amount of income per month, let's say $2,000 for 15, 15, 20 or whatever years. So at death the beneficiary will get the lump sum payout AND the guaranteed monthly income payable to the beneficiary. As you say no one knows what will be needed after the fact, but at least having a guaranteed income is a good start. ** You say " The cloak and mirrors is easy to see. The new AIG product is trying to bundle products that are vehicles into a life insurance product in order to increase their own bottom line. Life insurance should JUST cover replaced income. Adding an annuity or Roth IRA to it just complicates the product more and adds fees that AIG can collect. The Fixed Indexed Annuity can be done as a stand alone or added at issue. When you do a policy and an investment program do your investment vehicles have any fees? The products are American General products, not AIG products. Are your products Primerica products or Citigroup products? **You say "The income rider is best left off with an increased death benefit. No one knows what will be needed after the fact so why try to guess it before hand?" So why do you add the IBR? Why not just sell the correct amount of coverage from the beginning? The PFS way. The HBW way: Debts paid (lump sum) and a guaranteed monthly income (from the rider). NOW to complete the BTSD (Buy Term And Save The Difference) consider the Indexed Annuity.. Richard you really should do some research. You can start here: http://www.hbwinc.com/annuities/ Then you can go here: http://www.safemoneyplaces.org/ FIA's are not for everyone, but at least have a clue what you are talking about. As always don't take my word for anything.. Today it's Buy Term And Save The Difference. Some people want guarantees. Don't forget you yourself said PFS is going to market a FIA.. I'm trying to stay away. Richard let me say this one more time. You are where you belong. Consider this. A client has debts they wish to pay off immediately at death. the base policy can take care of that. Now he/she may wish to guarantee the spouse/beneficiary a certain amount of income per month, let’s say $2,000 for 15, 15, 20 or whatever years. So at death the beneficiary will get the lump sum payout AND the guaranteed monthly income payable to the beneficiary. As you say no one knows what will be needed after the fact, but at least having a guaranteed income is a good start.

** You say ” The cloak and mirrors is easy to see. The new AIG product is trying to bundle products that are vehicles into a life insurance product in order to increase their own bottom line. Life insurance should JUST cover replaced income. Adding an annuity or Roth IRA to it just complicates the product more and adds fees that AIG can collect.

The Fixed Indexed Annuity can be done as a stand alone or added at issue. When you do a policy and an investment program do your investment vehicles have any fees? The products are American General products, not AIG products. Are your products Primerica products or Citigroup products?

**You say “The income rider is best left off with an increased death benefit. No one knows what will be needed after the fact so why try to guess it before hand?”

So why do you add the IBR? Why not just sell the correct amount of coverage from the beginning? The PFS way.

The HBW way: Debts paid (lump sum) and a guaranteed monthly income (from the rider). NOW to complete the BTSD (Buy Term And Save The Difference) consider the Indexed Annuity..

Richard you really should do some research. You can start here:
http://www.hbwinc.com/annuities/

Then you can go here:
http://www.safemoneyplaces.org/

FIA’s are not for everyone, but at least have a clue what you are talking about. As always don’t take my word for anything.. Today it’s Buy Term And Save The Difference. Some people want guarantees.

Don’t forget you yourself said PFS is going to market a FIA..

I’m trying to stay away.

]]> By: Richard http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-6529 Richard Wed, 05 Aug 2009 04:43:19 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-6529 AT, The cloak and mirrors is easy to see. The new AIG product is trying to bundle products that are vehicles into a life insurance product in order to increase their own bottom line. Life insurance should JUST cover replaced income. Adding an annuity or Roth IRA to it just complicates the product more and adds fees that AIG can collect. The income rider is best left off with an increased death benefit. No one knows what will be needed after the fact so why try to guess it before hand? When I was researching HBW, that kept coming up. Although by then I had already decided not to join HBW on the basis it had no long term benefit. HBW was started as, and continues to be, a salesman's organization. AT,

The cloak and mirrors is easy to see. The new AIG product is trying to bundle products that are vehicles into a life insurance product in order to increase their own bottom line. Life insurance should JUST cover replaced income. Adding an annuity or Roth IRA to it just complicates the product more and adds fees that AIG can collect. The income rider is best left off with an increased death benefit. No one knows what will be needed after the fact so why try to guess it before hand?

When I was researching HBW, that kept coming up. Although by then I had already decided not to join HBW on the basis it had no long term benefit. HBW was started as, and continues to be, a salesman’s organization.

]]> By: Answer this http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-6506 Answer this Sun, 02 Aug 2009 22:25:16 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-6506 Richard get real. People can verify anything I post from the contracts or just by calling the company. Take a look at www.primerica.com and www.hbwinc.com and tell me which site has more information for people wanting to do research. HBW isn't my company. They are a company which I choose to market with. Get this they arn't the only one. So your saying you have done the business by representing other carriers and other IMO's? Exactly what cloak and mirrors are you referring to? Do you know there are people still making accusations they Art Williams was sent to jail, which of course is not true? Go with what you know, not what you heard. Richard get real. People can verify anything I post from the contracts or just by calling the company. Take a look at http://www.primerica.com and http://www.hbwinc.com and tell me which site has more information for people wanting to do research. HBW isn’t my company. They are a company which I choose to market with. Get this they arn’t the only one.

So your saying you have done the business by representing other carriers and other IMO’s? Exactly what cloak and mirrors are you referring to? Do you know there are people still making accusations they Art Williams was sent to jail, which of course is not true? Go with what you know, not what you heard.

]]> By: Richard http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-6501 Richard Sun, 02 Aug 2009 21:24:06 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-6501 AT, if you would ever actually use FACTS, then that would be fine. As I have said before, I have been both INSIDE and OUTSIDE Primerica. Primerica ain't perfect, but it is far better than anything else. And last I checked, your company, HBW, was started by a man FIRED from Primerica for ETHICS violations. And now you guys are about to start hawking a product that has more cloak and mirrors than anything to date. Damn, I hear the lawyers getting their pens and papers ready. AT, if you would ever actually use FACTS, then that would be fine. As I have said before, I have been both INSIDE and OUTSIDE Primerica. Primerica ain’t perfect, but it is far better than anything else.

And last I checked, your company, HBW, was started by a man FIRED from Primerica for ETHICS violations. And now you guys are about to start hawking a product that has more cloak and mirrors than anything to date. Damn, I hear the lawyers getting their pens and papers ready.

]]> By: Answer This http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-5981 Answer This Tue, 02 Jun 2009 23:24:41 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-5981 Mark C. I guess we should just let you post stuff and not hit you back with FACTS. What have we said that is not true??? You Primerica guys don't have a leg to stand on. You only know onw side of the "debate" , while we have known the inside and we have experience on the outside of PFS.. There's a biggggg difference... Mark C. I guess we should just let you post stuff and not hit you back with FACTS. What have we said that is not true??? You Primerica guys don’t have a leg to stand on. You only know onw side of the “debate” , while we have known the inside and we have experience on the outside of PFS.. There’s a biggggg difference…

]]> By: Mark C. http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-5977 Mark C. Tue, 02 Jun 2009 21:14:21 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-5977 HEy mazgxldealer glad you like it well do your research and get the facts and exprience it yourself so that u see it with your own eyes! Hey Rich Iam signing off for good..this blog is takin away from my time and it nevers ends from AA or RR so just wishing you good luck and God Bless to all the Primericans out there trying to make a difference...while building their legacy! God Speed! HEy mazgxldealer glad you like it well do your research and get the facts and exprience it yourself so that u see it with your own eyes!

Hey Rich Iam signing off for good..this blog is takin away from my time and it nevers ends from AA or RR so just wishing you good luck and God Bless to all the Primericans out there trying to make a difference…while building their legacy!

God Speed!

]]> By: maxgxldealer http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-5958 maxgxldealer Mon, 01 Jun 2009 00:37:46 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-5958 Mornin` This is one of the sweetest blog postings I have ever read. I hope to mean the world to someone one day to. Mornin`

This is one of the sweetest blog postings I have ever read. I hope to mean the world to someone one day to.

]]> By: Mark C. http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-5931 Mark C. Thu, 28 May 2009 17:29:02 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-5931 AMEN Rich! AMEN Rich!

]]> By: Richard http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/comment-page-3/#comment-5918 Richard Wed, 27 May 2009 20:46:32 +0000 http://www.thefinancialblogger.com/the-primerica-paradox-the-approach/#comment-5918 Doug, What makes you think Art is not apart of what is going on with Primerica right now? I'm willing to bet he is part of the reason things are happening. Just my thoughts. The crusade is still alive in many offices, but not all. Doug,

What makes you think Art is not apart of what is going on with Primerica right now? I’m willing to bet he is part of the reason things are happening. Just my thoughts.

The crusade is still alive in many offices, but not all.

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