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In Reply to: Re: Re: Re: Re: Re: Cash Surrender posted by Ken Young on June 19, 2003 at 20:09:52: Ken, you are just full-of-it. Whole life is not pay to you are a 100 years old only. There have been 10 pay, 15 pay, life paid at 90, 65, 85, these I personally have not sold, but my clients own them. I sell three types of WL: 20 pay, single premium, and life to 100. Now getting to the dividends. There are 4 ways to use dividends: 1. You can receive them each year, and yes you must declare them as income.
As I mentioned earlier: Some term are also participating. I really don’t think you remember enough to be giving advice on this board. Frankly, I don’t care how long you were in the business. I know a lot of agents that have been around for years that don’t know what the hell they are doing. Jax is a broker and I am sure, while he may have not have seen every type of policy that has been issued by every company, he knows more about insurance in his little finger than you will ever know. As far as you giving CE courses, I wish you wouldn’t. Your students are being ripped-off. You may have know your stuff before, but this industry has moved to fast for you to keep up if you are not in the business today.
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