I would urge anyone who intends to read this write up to first read all of the rest of the Whole Life “How it Works” write-ups with the exception of the “infinite banking” write-up which pertains to a unique and ill-conceived WL sales approach. This is one of two final write-up in that series discussing obstacles pertaining to attempts to compare WL products. STANDARD INTRODUCTORY COMMENTS Whole Life (WL) is the most complex product ever
Articles by John V.W.
“HOW IT WORKS”; #11) WHOLE LIFE: SAMPLE PAST COMPARISONS OF WHOLE LIFE POLICIES
I would urge anyone who intends to read this write up to first read all of the rest of the Whole Life “How it Works” write-ups with the exception of the “infinite banking” write-up which pertains to a unique and ill-conceived WL sales approach. This is one of two final write-ups in the series discussing WL products. STANDARD INTRODUCTORY COMMENTS Whole Life (WL) is the most complex product ever developed by the life insurance industry.
“HOW IT WORKS”; #12) WHOLE LIFE: INFINITE BANKING NONSENSE
“HOW IT WORKS” SERIES; WHOLE LIFE: “INFINITE BANKING” OR “INFINITE NONSENSE” To understand what is communicated in this write up a comprehensive understanding of Whole Life (WL) is essential. Anyone hoping to follow the logic discussed below would benefit from reading all of the other “How it Works” write-ups on WL. Absent that, one might view some of what’s said as opinion, not fact. This write-up addresses a decades old sales concept recommending the use
IRA Rollovers Can Fund Estate Liquidity & Tax Benefits
The question is, how can the use of a life insurance product maximize tax benefits and future family inheritance values for an executive in his early 60’s who has a $500,000 retirement plan distribution available which can be rolled over into an IRA. The executives family in this example does not need current income from this asset now and is unlikely to need it in the future. While there is no urgent need for life
Life Insurance – An Industry in Crisis
If the life insurance industry is truly in a state of crisis, why isn’t this fact being reported every day in the media. Now that’s a good question. I suspect their are a couple of good answers. Until regulators start sounding the alarm bell the average reporter wouldn’t have a clue a problem exists. It’s not like the media pundits are sitting up late at night wondering how things are going in the life insurance
Life Insurance Buyers at Mercy of Sellers
It sounds pretty unattractive to say those who are buying life insurance are a the mercy of sellers. Seemingly, it iimplies intentional harm. But what about damage done with the best of intentions. What if the person selling the life product is the victim of flawed training, a lack of training, overly simplistic training or just received sales skill training. This situation is pervasive in the life insurance industry, Unfortunately, damage stemming from misinformation is
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