Subject: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Citigroup downgrade

Comments:
: With a UL, he could triple his estate to his heirs tax free. No exposure to market. He can take out policy loans and only pay the interest, which would be lower than the penalty and taxes. : : : Bob, : : : Now you know that is not true. Funds and term are ok for younger people who can handle market fluctuations. I use mostly UL which can leverage money now for their heirs tax free. You know as well as everyone else that real planners dont only use VUL. I do IRA mutual funds all day, and sell term when it is appropriate. Educated people know that term is ok in some situations, and not in others. Funds and term IS NOT always the right situation. What happens when you have a 55 year old man that has a $100,000 401k rollover? Do you give him term and funds?????? : : : : : : : Bob, : : : : : I do use VUL's, and fixed annuities when they are appropriate....I also use mutual funds (our proprietary fund family was ranked #4 by Barrons), and term insurance when appropriate. Because you are a Primerica rep, and mostly concerned with recruiting, and not a real part of the financial planning community, how could you know what real planners do or dont do? : : : : : : : : : : : : : : : : Bob, : : : : : : : If you are a Primerica rep, then you must be living the dream and making a substantial passive income stream from your downline, right? Primerica is the way to financial freedom....and you dont have any money to buy some stock? hmmmm. : : : : : : : Dear Bob, you CANT do what is best for your client because as a Primerica Rep, you are EXTREMELY limited in education, experience, and products. I am a fully licensed planner with the 10th largest bank in the country...I CAN do what is right for the client, and I DO what is right for the client. : : : : : : : I am a fully licenced financial consultant for the 10th largest bank in the country, and I just recieved the 4th offering of stock options for our company stock since 1999. Why doesnt Citigroup do that for Primerica Reps? hmmm. : : : : : : : Also, the only reason you think mutual funds are the best investment for your clients is because it is the ONLY investment you can offer. As far as term, it is appropriate for most clients, but the CHEAPEST term is the MOST appropriate. As far as Life Insurance, how can you do Estate Planning for elderly clients with term insurance? : : : : : : : What is an older client needs income?...will you put them in term and mutual funds? And lastly, you should not ask what a family or client need....you should ask probing questions, in order to tell them what they need.....you are supposedly the financial "professional" here. : : : : : : Sure, : : : : : : All I hear is what a great job you people do, then sell cash value and fixed annuities and then call it estate planning. No one offers cheap term because they don't make the big commisions from it. I guess only the cheapest insurance company should be in business and we should all drive cheap Hyndia's. Maybe someday (not in the last 7 years) I will acually see someone get an IRA and a cheap term policy from one of you FINANCIAL PLANNERS! : : : : : : BOB : : : : : : : : : : : : : : Bob; : : : : : : : : : Is Citigroup your company? : : : : : : : : : If you are a "Primerican", it is not. : : : : : : : : : Primerica is a part of Citigroup, not the other way around. : : : : : : : : : Primerica contributes less than 2% to Citigroups bottom line. Quite frankly, not including the recent scandals, I cant see how Primerica uses Citigroup for name-dropping. Citigroup is one of, if not the largest issuer of consumer debt in the world. And citigroup is also responsible for alot of cash value life policies out there too. How can primerica reconcile that kind of hypocracy. Doesnt Citigroup earn most of its money from things that Primerica says are wrong for people? : : : : : : : : : Eric : : : : : : : : : : : : : : : : : : : : I noticed Citigroups shares lost 10% of their value today on earnings warnings due financial irregularities. Isn't this the same company that's the parent of Primerica? : : : : : : : : : : how did your company do this year. How does it compare to citigroup? Where does your corp stand on the forbes world super fifty? : : : : : : : : : : I would bet that Citi's 10% is more money than anything you'll ever see! : : : : : : : : : : Bob : : : : : : : : I wished I owned Citi group , even with all the unnamed scandals. I was trieng to see what the scandal was by the other person who announced that a companies stock was down 10% in these great bull market times. I personally take each situation and do the best for the client. My expierence has led me to believe that the best investment for the consumer is an IRA,401k in good mutual funds. Maybe some day someone can show me a life insurance policy that outperforms all other investments. As for life insurance i've found term is less expensive which allows people to get more coverage for thier families. I don't don't ask who the company is that sold them, I just ask what they need! : : : : : : : : Bob : : : : Because I see real planners plans that primarily consist of VUL. The only time planners sell funds and term is when they are dealing with educated people! : : : : Bob : : I would say that if all the 55 year old has is 100,000 he seriuosly needs to save more money. I would find out what his needs are for life insurance. I would assume that his kids have moved out and his house is mostly paid for. Buy ins for the ballance of the house and concetrate on gaining assetts. I think buying the most exspensive life ins is not appropiate. He should plan on having money for his retirement as more important than leaving money for his children tax free. All insurance gets more expensive as you get older (even vul)and the cost inside the policy eats up valuable investment opportunities. so pay the least for insurance and the most for investment possible. Just becase you buy vul doesn't mean you excape the increasing cost of term. The policy can lapse if the client doesn't keep up! : : Bob

Please enter the characters in the image above.