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Financial Advisors

I would like to start adding in insurance sales to compliment my investment business. What companies have the most competitive whole life policies as far as cash value is concerned?

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You won't know who will be the best until you look back down the road. You really can not go wrong with any of those. Personally, I sell Penn and Mass. NML is captive only, good contract, but high cost to access cash and lower IRR on death benefit (the main reason for buying it). NYL will only broker for larger premiums, my understanding is they have become less competitive recently (second hand comments, never analyzed it myself). I am not very familiar with Guardian's contract, but understand it to be first class and it's brokered by GA's.I like Penn as a good all around carrier, so I place most of my business there. They have regional offices rather than the local GA system. Comp is fair, there are higher contracts out there like Ohio National if you are in a PPGA state.

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Oh yeah and bonus bro... our term product also has several key features a few are actually unique to us: 1. Terminal illness (comes standard 40%) 2. IBR (increasing benifit rider) every year for first 10 yrs. On anniversary date we will offer 10% more face amount (cap of 50k) with no health exam. Increase of premium will be based on age only). Client can decline at any time and lock in increases, but no more will be offered. 3. No "war or terror" clause. We had a client on every Plane and building during 9/11 and we paid every claim, 10million to 49 families. Also just found out we had a client in vegas...we will be Paying that claim as we actively search disasters and news based events to see if we have clients who have loved ones that should be getting paid. Unlike the majority of the industry who tries to do everything possible not to pay claims. 4. On policy per family, because we offer banding discounts 5. One child rider per policy covers 1 thru 11 kids for one low cost rider. 6. Renewal and conversion: lowest in the industry...no other company has a term to term conversion....Nuff said! 7. Child rider covered till age 24 however can convert to their own policy anytime after age 18 for up to 5 time the amount of rider with no health check (unique) No other company has this. So a Primerica policy protects a family better than any other policy of the face of the earth.... period!

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Primerica...I'm sure you are not at all brainwashed to think term is the option in every situation...since you don't even offer a whole life policy.

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Primerica.."a seasoned industry professional" would not use "bro" to every response. And again, one product cannot solve everyone's needs effectively in every situation. Thanks for entertaining me this afternoon. Have a good day!

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dividend paying whole life because 90% + people who buy term outlive the contract and probably less than 10% invest the difference. Also, tax free wealth transfer...

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so I should buy 35 year term at age 38 and then live to 90 and have no insurance and no cash and no LTC benefit. You've been brainwashed by sales training.

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I get called about once per year asking if I want to sell Mass Mutual as a broker. They're obviously not captive.

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New York Life

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Literally none of those bullet points are anything every other term policy on earth does not provide. Not your Bro dude!

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I like Penn Mutual. But I don't really sell WL.

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MassMutual, Guardian, NY Life as far as I know, Mass has highest dividend Penn being 2nd. http://www.weirresources.com/files/2017WholeLife.pdf

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How can you properly plan for and protect people when you only have a 20 year term to work with.

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also invest the difference is great except for the fact that almost nobody follows through... A large percentage will cancel term and less than half of those will convert when term is up.

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A E... don't want to be your bro... just a figure of speach...and you are absolutely wrong ... show me in black and white all of those bullets with another company and I'll quit Primerica and join your organization or whoever? I double dog dare you! ..

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We are lucky to have choices in our industry and i agree that term is better in most cases for a straight DB, personally have been advocating term with living benefits (transamerica), whole has some great features if designed properly. Penn Mutual and Mass Mutual are good option. Educate yourself on the difference between direct and non direct recognition. It's a nuance but you should know the difference if you are going to start positioning to clients.

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Ohio National has a great line up of WL policies. You can sell as a broker or non captive career agent with full benefits. High compensation. Mass is also very good and can be sold as a broker. Where are you located?

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Mass Mutual, Penn Mutual or NY Life

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Why on God's green earth would you ever want to sell Wholesaler life?

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Dude we have a 35 year term... plus the only term on the planet with a term to term conversion

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Bro....did you miss the part where I said we have the only term product on the market that has a term to term conversion to age 100.....but go ahead and pay 20 to 30 times more for whole life and and have the insurance company keep all the cash value and your family gets nothing! Wake up man....the insurance industry been playing this Shell game for over 100 years... buy term and invest the differnce....run the numbers my friend.

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Bro... so what would a million $ term best class cost for a 45 yr old male plus the “ conversion “ at age 80 and to age 100?

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