Posted by jax (66.25.36.240) on June 21, 2003 at 16:11:14:
In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Cash Surrender posted by KEN YOUNG on June 21, 2003 at 10:10:01:
: : : : :
: : : : Ken, you are an idiot.
: : : : A life paid up at 65, is a whole life paid up at 65. At 100, the policy endows and you are finished.------------------->>> You are finished with what idiot? No such thing, you received a check in the amount of the face value of the policy which it appears that you did not know either.
: : : : A 20 pay life is a whole life paid up in 20 years. ================>>> No, a 20-pay life policy is a limited pay life insurance policy affording you coverage until the policy endows at age 100 and you receive the face amount of the life insurance in the form of a check payable to you out of the company's funds.
: : ---------------->>>>>>>>>>>>>>Ken posted the above post saying, "No, a 20-pay life is a limited pay life ins. policy.............."
: : The Ken Young posts,
: : "TAKE A LOOK AT THE BOTTOM OF A 20-PAY LIFE POLICY THAT LILLI SELLS, SO SHE SAYS. IT READS, "20-PAY WHOLE LIFE POLICY". THAT MEANS THAT THE PREMIUM PAYMENTS ARE LIMITED TO 20-YEARS AND THE COVERAGE IS FOR THE INSURED'S WHOLE LIFE." ....Ken Young
: : I stated above that a 20-pay life is a whole life with premiums limited to 20 years and the coverage is for the insured's whole life.
: : Would you say Ken Young is agreeing with me since he also stated that a 20-pay life is a whole life with the premiums limited to 20 years??
: : Is Ken arguing with himself, or is he just changing his story since he found out that he was wrong???
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: THERE ARE TOO MANY FLIES HANGING AROUND YOUR REAR END AT YOUR KEYBOARDS DISTRACTING YOU.
: YOU ARE NOT ON A FARM SHOWING OFF YOU BULL YOU KNOW.
: YOUR DISTRACTION IS BASED UPON YOUR INABILITY TO UNDERSTAND.
: I WILL DEFINE IT FOR YOU ONE LAST TIME AND IF YOU DON'T GET IT THIS TIME, I MAY ASK RICHARD TO LOCK YOU UP IN HIS GARAGE IN THE HEAT OF THE DAY AND FINISH THE JOB ON YOU OF FRYING YOUR BRAIN.
:" WHOLE LIFE MEANS THE LENGTH OF TIME THE INSURANCE IS IN FORCE AND NOTHING MORE THAN THAT. TO TELL SOMEONE WHO PURCHASED A LPU 65 POLICY THAT THEY PURCHASED A WHOLE LIFE POLICY WHEN THE PREMIUMS ARE PAID UNTIL AGE 100 WHEN THE POLICY ENDOWS IS FALSE, MISLEADING AND DECEPTIVE."-----KEN YOUNG, >>>>>>>>>>>>>>>>>>>KEN YOUNG PROVES MY POIINT!! HE JUST SAID THAT WHOLE LIFE MEAMS THE LENGH OF TIME THE INSURANCE IS IN FORCE. CORRECT!!!!! THAT IS WHAT I HAVE TOLD YOU 20 TIMES. THEN KEN YOUNG SAYS, " TO TELL SOMEONE WHO PURCHASED A LPU 65 POLICY THAT THEY PURCHASED A WHOLE LIFE POLICY WHEN THE PREMIUMS ARE PAID UNTIL AGE 100 WHEN THE POLICY ENDOWS IS FALSE, MISLEADING AND DECEPTIVE" HE JUST GOT THROUGH SAYING, THAT, AND I QUOTE, :" WHOLE LIFE MEANS THE LENGTH OF TIME THE INSURANCE IS IN FORCE AND NOTHING MORE THAN THAT."-----KEN YOUNG
SO, AS KEN YOUNG POSTED, WHOLE MEANS THE LENGTH OF TIME THE INSURANCE IS IN FORCE, THAT HAS NOTHING TO DO WITH THE PREMIUM PAYING PERIOD. SO, IF I SELL SOMEONE A WHOLE LIFE PAID UP AT 65, DOES THAT MEAN THAT THEY HAVE TO PAY PREMIUMS TO AGE 100?? NO, THAT IS THE PREMIUM PAYING PERIOD. WHAT ABOUT THE FACT THAT IT IS A WHOLE LIFE POLICY????? AS KEN YOUNG AGREES WITH ME, IT MEANS THE LENGHT OF TIME THE INSURANCE IS IN FORCE AND NOTHING MORE THAN THAT.
SUMMARY: A WHOLE LIFE OR A LIFE PAID UP AT 65, THEY ARE THE SAME THING, MEANS THAT A PERSON WILL PAY PREMIUMS UNTIL AGE 65, THEN THE COVERAGE CONTIUES, JUST LIKE ALL WHOLE LIFE POLICIES, UNTIL IT ENDOWS AT AGE 100!!!
: WITH THE EXCEPTION OF PAYING PREMIUMS TO AGE 100 ON A CASH VALUE POLICY ALL OTHER TRADITIONAL CASH VALUE POLICIES ARE KNOWN BY PROFESSIONALS AS LIMITED PAY LIFE CASH VALUE POLICES.
: YOU KEEP HARPING ON THE SUBJECT TO SAVE FACE, BUT YOU ARE WRONG.
: DUING THE DAYS WHEN I WAS WORKING WITH ATTORNEYS AS AN EXPERT WITNESS, THIS WELL KNOWN RECOGNIZED AMONG PROFESSIONAL AND INFORMED RECOGNIZED INSURANCE EXPERTS HIRED BY THE DEFENDANT INSURANCE COMPANY EVEN AGREED WITH MY TESTIMONY, YOU JERK.
: TELL YOU WHAT JERK-0, IF YOU HAD EVER TOLD ONE OF MY CLIENTS WHO I HAD SOLD A LPU @ 65 POLICY THAT IT WAS A "WHOLE LIFE POLICY" FALSELY LEADING MY CLIENT TO BELIEVE THAT PREMIUMS WERE PAYABLE FOR LIFE INSTEAD OF CLARIFYING THAT ONLY THE INSURANCE PAY DURING MY CLIENT'S LIFETIME, THEN I WOULD HAVE HAD YOU INFRONT OF A STATE INSURANCE COMMISSIONERS OFFICE QUICKER THAN A NEW YORK MINUTE.------------->>>>>>>>>>>>
KENNY, YOU JUST GOT THROUGH SAYING THAT A WHOLE LIFE POLICY MEANS THE LENGTH OF TIME THAT YOU ARE COVERED AND NOTHING MORE THAN THAT. IT DOESN'T MEAN THE LENGTH OF TIME THAT SOMONE HAS TO PAY PREMIUM. I THOUGHT YOU KNEW THAT A WHOLE LIFE PAID UP AT AGE 65 MEANT THAT THE INSURED QUIT PAYING AT AGE 65???? DAMN YOU ARE DUMN!!!
QUIZ FOR YOU KENNY,
A LIFE PAID UP AT 65 MEANS THE TIME THE INSURED PAYS THE PREMIUM, WHAT HAPPENS TO THEIR COVERAGE AFTER THAT??? WHAT HAPPENS TO A LIFE PAID UP AT 65 ON THE POLICY ANNIVERSITY AT AGE 100???DUH!
DO YOU WANT THE ANSWER?????
FOLKS KEN YOUNG IS DOING HIS NORMAL THING. HE DOESN'T KNOW LIFE INSURANCE SO, HE KEEPS CHANGING HIS STORY AND KEEPS CONTRIDICTING HIMSELF. HE WAS TO TWIST AND TURN, HOPING YOU DON'T KNOW LIFE INSURANCE. BUT I DO KNOW LIFE INSURANCE, SO HIS DAYS OF LYING TO THE POSTERS OF THESE BOARDS ABOUT LIFE INSURANCE ARE OVER.
GOTCHA AGAIN, # 02/25/1937
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