Posted by Mislead by PFS (65.88.245.252) on September 17, 2002 at 06:47:44:
In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Citigroup downgrade posted by bob on September 11, 2002 at 04:11:35:
The fact that I put $455,000 of term last night on a family for 66 per month. They were spending 110 for 150,000.
--LOL, I have $1 million total coverage for $60 per month.
I guess I should have reffered him back to the agent who gave his whole family such a great plan. Maybe when he found out that he was going to loose the client he would have given him the cheaper term.
--No, you should have sent him to someone that knew what they were doing.
One thing is for sure HE WASN'T ON TRACK TO RETIRE WITH HIS CURRANT VUL POLICY IN THE BEST CASE SENARIO. The best case had a diclaimer that his illustration didn't represent any past performance! I feel good about that.
--If that’s how it was sold, as a retirement product, I’d feel good about replacing it too. Of course, if I replaced it, the client would be spending less money for more coverage in a better product.
Another fact. His old agent and company made much more money on his old plan than we did with the new plan. So now now your convinced?
--No.
Read consumer reports
--I do read Consumer Reports. They say that term is good MOST of the time. Notice that this is in stark contrast to Primerica’s “term ALL of the time” mantra.
or study all the major class action suits against the theft of the life industry!
--Studying these is totally useless. Almost every insurance company has these, including Primerica.
Go back to the fed, trade commision report or the senate hearing about how america has been misled by the life industry. now your on my side right?
--No, because many of Primerica’s sister companies are now being investigated and looked at for misleading Americans as well.
Thats ok you make more selling that stuff. My wife talked to an agent the other day, he sell UL he said he didn't care as long as the checks keep coming in!
--As is the case with most Primerica reps.
Follow Ups: