Florida Life Insurance Agent who specializes in all types of life insurance, such as whole life insurance and term life insurance. Expert in Financial and Estate Planning service Miami, Naples, Ft Lauderdale, Palm Beach, Daytona, Sarasota, Tampa, Orlando and more in the state of Florida, Fl.
16
Aug
carie asked:
Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?
I have tried to do some research on my own, but I still can’t seem to fully understand this matter. Any help will be greatly appreciated!
31
May
Gladicouldhelpu asked:
Nothing bothers me quite like insurance salesman that call themselves “financial planners”. They would rather sell someone whole life insurance than explain to them how a Roth IRA with ETFs works. I wonder if they are just ignorant or if they actually understand that they are insurance salesman and they have no clue about retirement planning.
toogood2u03 asked:
I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?
