Posted: Wed Jul 16, 2008 1:48 pm Post subject: equity indexed universal life is not an investment option
Yes.. please listen to this markmallari and do a quick search on WFG and their products. You'll find a bunch of inexperienced people who have zero knowledge of financial consulting aside from memorizing the series 6 and 63 test answers.
EIUL should NOT be looked at as an investment option, it is a life insurance policy before anything else. _________________ Register Now to have your Insurance queries solved.
Posted: Sun Aug 10, 2008 7:04 pm Post subject: EIUL Supporter
Hi to all, my husband and myself purchased an EIUL this year and are very pleased with the plan. We were used to purchasing insignificant things on a daily basis that before we knew it we had already wasted about 400.00/week (just in going out to eat, buying clothes, movies etc...) Today, all the extra money just simply goes into our savings. Really we all just need to educate ourselves on the products that are available to plan for the future. For us the EIUL was the best product. Good luck to all... _________________ Register Now to have your Insurance queries solved.
Posted: Mon Aug 11, 2008 5:33 am Post subject: equity indexed universal life insurance
Vivi, you are an example before us all very few like you actually think about their life the way you and your husband have thought.
Friends, IMO this is a very good example of appropriation of fund, how easily we can curtail bad expenses and can create a fund for our future without more toils.
Vivi I wish you and your family a very happy and secured life. Please, keep dropping in time and again.
EIUL is the best product out there. If you want to save for your future then EIUL is the way to go. The best thing about EIUL is that is provides two things for you. It provides protection for yourself and family and also retirement when you're old. The only question that most people need to ask themself is if they want to retire rich or poor, young or old. Because retirement has nothing to do with age but everything with money. In my personal opinion, I think its sad how some people dont understand about the EIUL product and talk bad about the produce. If you are smart and want to live in your golden years, then EIUL is the way to go.. _________________ Register Now to have your Insurance queries solved.
Posted: Thu Aug 21, 2008 10:50 pm Post subject: Equity Indexed Universal Life
WFG is not bad. Its the people that did not make it with the business are the bad ones. Success through any kind of business does not happen over night. It takes a while for you to become successful in anything you do. WFG is a company that gives people a chance to live again and to become somebody. In WFG you are your own boss. You work for yourself but never by yourself. There are great support and teamwork in WFG. If you are one of those people who like to depend on a boss then thats good you. Just remember.... whoever controls your paycheck controls your life.. WFG gives people a change to take control of their own life. _________________ Register Now to have your Insurance queries solved.
Posted: Fri Aug 22, 2008 4:04 pm Post subject: E.I.U.L.
yes! World Financial Group works as a middle man working to link the average American with the investment that best fit them. I believe they are not bias on that aspect, and their agents are free to teach financial concepts to families and provide a non-bias list of investments. plus they strongly suggest that you invest in E.I.U.L. for your future. most people don't plan to fail, they just fail to plan. I believe you can contact an agent at personalfinanceconsultant[at]gmail.com _________________ Register Now to have your Insurance queries solved.
Posted: Sat Aug 23, 2008 9:24 am Post subject: equity indexed universal life insurance
Hi sushi and plan to win, WFG is just another company that's out there to make business. You two might have had good experience with the company and I'm sure there are many others who have had the same, but the discussion on this thread was regarding the EUIL plans and not of WFG. Hence, I'd request to all contributing to this thread, henceforth, to stick to the subject of discussion.
EIUL, like any other financial plan, may or may not suit an individual's requirements. Hence, one needs to understand his basic needs before investing into any such policies.
hi ..it doesn't spare us an opportunity to think how WFG would help us..when there are more than one ways we could think of getting returns out of EIUL..but it would be unwise to promote a particular brand name with the slightest pretext of knowing or sharing more about the goodness of EIUL. Likewise, if we study more about the other coverage areas..we might know about newer ways to make our lives safer & thus more meaningful.
Fatman
Posted: Mon Aug 25, 2008 10:01 am Post subject: equity indexed universal life
I don't view insurance as an investment product.
Insurance is essentially for protection. Insurance is to prepare the policyholders with some emergency funds so that they or their family members can better manage crisis situations.
After protection needs are addressed only then we move on to investment.
If your primary or sole objective is investment and you have high expectation on investment return, insurance may not be your first choice.
However, if you are of the view that protecting your wealth is of greater priority than creating more wealth, then insurance is your answer.
After all, what is the point of creating more wealth but on the other hand losing what we have? _________________ I am an insuranc sales coach for almost 2 decades. I have a collection of insurance agents' sales stories. To know more, you can visit http://www.stories-connect.com or http://xoseph.wordpress.com
Posted: Thu Nov 13, 2008 6:33 pm Post subject: Research B4 Buying Insurance/Retirement Product
EIUL IS NOT a Smart Choice.
What are your goals? Do you have a family? Kids who depends on your income? Retirement needs?
Here's what EIUL Agents aren't telling you:
1) Buys coverage only for you, not family group.
2) Expensive. Avg 28 yr good health $250k benefit is $150-$300/month
3) Policy fee $15-$50/month, 5.5% fee to agent, mortality charges.
4) Withdraw tax free. But they don't tell you it will become a loan and will be deducted from your death benefit.
5) Minimum monthly fee. They don't tell you your policy may lapse if cash values not enough to pay for policy.
6) Insurance company determines your return rate. You have no control.
7) Cannot withdraw Cash Values for first 2-3 yrs. Not emergency fund.
They say guaranteed Returns 2% and usually caps at 12%.
* but they don't tell you the policy fees will eat up all the returns
* I have a relative that bought $200K & pays $110/month. After all the fees and expenses, he's left w/ $55 that goes into the (so-called) investment EIUL.
Here's what you should consider:
1) Buy 20 yr term for whole family. $250k parents + $25k child for $60-$150/month.
2) Invest difference of $200 into long term quality Mutual Fund
* Tax Deferred/Tax Free Retirement accounts Like ROTH
* Coverdell College Fund or 529 Plan for your kids - grows TAX free withdrawal and can pass to next child if 1st child doesn't attend college.
3) You choose and control your funds.
4) Age 25 you Invest $200/month 10% for 20 yrs = $153,000
* Keep investing $200/month till age 65, you'll have approx $2.1 Million
5) Daveramsey.com
6) Primerica.com
Research before Investing! Please do not Sign your Whole Life Away... _________________ Register Now to have your Insurance queries solved.
There would be a reason why Large Insurance Companies would advise against eiul's... competition.
Please, elaborate your statement. Many like me consider EUIL a good investment option, which also offers death benefits. IMO the big companies try to push equity indexed policies more than the other types of whole and term life plans, since it generates greater return. Also, the agents earn more commission on EUILs.
very few like you actually think about their life the way you and your husband have thought.
They say guaranteed Returns 2% and usually caps at 12%.
