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In Reply to: Re: Re: Re: Re: Deceptive Practices? posted by Enrique on March 06, 2004 at 17:47:10: Sorry, I guess you are confused. I didn't say anything about any company's AM Best rating. I referred to the amount of commissions paid as a percentage of total premium income. And more specifically, why are there such large commission expenses at Primerica? Seems like you're doing what is right for the agent, not the insured. I never made any allusion to any company's "effectiveness". I have never questioned the financial stability of Primerica. That has nothing to do with anything I posted. Sure, anyone with an IQ higher than 4 believes BTID is the superior strategy. But once that IQ gets up even higher, around 20 or so, people start to think that maybe they should buy what is appropriate for their own individual situation, be it term or permanent, and not the cookie cutter strategy advocated by a part-time insurance agent whose idea of a comprehensive financial education is Primerica University. "Every financial expert"? "Industry Fact"? That's funny. : AM Best Ratings: http://www.ambest.com/ratings/guidesoverview.pdf : Primerica: A++ : Also, as to your comment about claims paid out, you must be confused. Of course companies that sell WHOLE LIFE will pay more claims than one that sells only TERM. I mean, DUH. Whole Life policies never expire. It doesnt mean that the customer isnt getting ripped off - THEY ARE. In fact, it just goes to show HOW MANY people are getting ripped off by Whole Life! Saying that income vs claim payouts is an indicator of a companies effectiveness is misleading and deceptive. Any investor that has an IQ over, like, 4, knows that "Buy Term and Invest The Difference" is a sound strategy, Superior to owning Whole Life. Its in every financial magazine and journal, said by every financial expert, and accepted as an Industry Fact. Buy Term and Invest the Difference isnt something Primerica made up, I'll admit that. But we sure are damn proud to follow the principle it stands for.
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