Subject: Re: Re: Re: Re: Re: Re: Re: Re: Deceptive Practices?

Comments:
: How about a guy 61 years old with a much younger spouse (36) and a new baby and plans for another in a year or two. Didn't save enough money to accomodate new family because they only met 3 years ago. If he dies today, there is not enough cash to meet their desired goals. What would you recommend? (This is an actual client of mine). Assume 25 years until last child will graduate college. Wants a guaranteed level premium and level coverage amount until kids are out on their own. Wife will go back to workplace in a few years, and will support family with help from husband's pension and investment income. Hubby will stay at home to raise kids. If husband dies, she will stop work to raise kids. Money is required to replace her income if that happens. : This is not a tax-arrangement, or buy/sell, or anything. This is straight-forward income replacement. Do you really think that term insurance is the better bet in this situation? : ps You are free to respond with "BTID is better", but you sure won't be right. : : "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." : : Name one situation, even a hypothetical one, where any type of insurance other than Term is appropriate for a private individual (not a company) for the purpose of income protection (not estate planning). If you can, I will pay you $1000. : : p.s. whatever you say, I will respond with "BTID is better" and I'll be right. : : You still dont get it. PFS isnt a life insurance company. When we sell life insurance (Term) its for a specific reason, to accomplish a specific goal. Under that circumstance, Term is always, 100% right. No other product is. Our job is to cover a certain market, and that is what we do. Sure, I bet we miss out on clients who need an ILIT or Buy/Sell or some other need in which a permanent life insurance product would be the best fit. *We dont care*. Travellers Life will do that business, and the company (CitiGroup) will be successful. I find it hysterical every time you people try and label PFS as a Life Insurance company. You are so clueless.

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