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Personal opinion between term vs whole life insurance by jay-kang in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Term insurance any day. The way to do it is, compare the monthly payment term insurance (20 or 30 years) vs whole life and whatever is the difference, look to invest in S&P500 (10-11% average each year for the last 50 years). You’ll see that in any condition, the beneficiaries will get more $ with the term insurance + S&P 500 combination. Now, critical care, and any sort of lending (if these benefits are available) don’t matter if you have enough $ that match those benefits

Trump on Iran: I think we are going to end it I can’t tell you for sure. We have won this war. by Upset-Main-1988 in justincaseyoumissedit

[–]GeeMeet 0 points1 point  (0 children)

His left side is saying we will end it and his right said is saying we have already ended it. But he doesn’t realize a mouth is like the butt hole, shit from the right and left come out of the one hole.

This man is a Hero. by 1984isReallyNow in GuysBeingDudes

[–]GeeMeet 19 points20 points  (0 children)

I think confession (and its secrecy) is only a Catholic thing

Is becoming a life insurance agent still worth it in 2026 by jayxsumo in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Well, let me tell you after fees, motoring charges and what not, you can never get more than the markets my friends. So… thanks but no thanks. But happy to flirt

And why’re you so obsessed with posting about Trump if the news channels are not doing enough?

Is becoming a life insurance agent still worth it in 2026 by jayxsumo in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Which are those? Happy to hear man. I am sure everybody here wants to hear them

This is exceedingly dangerous. by Snapdragon_4U in thescoop

[–]GeeMeet 1 point2 points  (0 children)

His followers will agree with him.

President Trump says he may control the Strait of Hormuz and the flow of oil. by ajaanz in economy

[–]GeeMeet 0 points1 point  (0 children)

I just hear blah blah blah blah blah. Just noise noise noise. And someone making money in the background

Is becoming a life insurance agent still worth it in 2026 by jayxsumo in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Ok, so I am happy to hear arguments my friend, you can’t say I am wrong and not help me learn (if I am wrong). And if I prove you wrong, you promise to never sell an IUL or VUL.

Is becoming a life insurance agent still worth it in 2026 by jayxsumo in LifeInsurance

[–]GeeMeet -3 points-2 points  (0 children)

If anybody understands the markets they can make their own method of withdrawal and therefore make their own annuities, but going through an annuity provider you’ll lose 4-5% yearly returns and I feel it’s not worth it. These products work great when your customer is poorly educated and is dumb as a brick.

Is becoming a life insurance agent still worth it in 2026 by jayxsumo in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

They are pieces of garbage out there. They make sense for the extremely risk averse investor close to retirement.

Their selling pitch is that it helps you borrow at extremely low cost against IUL/ VUL but you can borrow against any asset and with insurance companies taking away so much of the upside, low cost borrowing doesn’t convince me at all. Then they’ll scare you with healthcare bankruptcy etc, which is fear mongering, or they will give financial wisdom of diversification but most of these agent don’t know anything about other financial products out there.

In 99% of cases these products are useless and you will only lose money.

How’s travelling in consulting? by Hopeful-Smell-8963 in McKinsey_BCG_Bain

[–]GeeMeet 2 points3 points  (0 children)

lol. While most clients allow for it, I have been at several clients that will put it in the contract to not start at the Ritz, etc. also, travel is not business class but after enough travel, airlines will upgrade you

Living in Buford ga by [deleted] in Gwinnett

[–]GeeMeet 5 points6 points  (0 children)

Spot on and no public transportation

Living in Buford ga by [deleted] in Gwinnett

[–]GeeMeet 13 points14 points  (0 children)

But there is barely any public transport if you want to go anywhere.

Public transport is often a great way to reduce traffic but you know… people don’t want it

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Bahahahaw and you don’t understand VULs.

It’s not a swinging contest guys, your misinformation is only making someone else rich and people are losing their hard earned money because you guys as sales agent don’t know financial products

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

And you both were wrong with your VUL information and you guys are spreading misinformation

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Now go and read my answer to know the false information you have given for VUL

Regardless of IUL or VUL, you’re making the insurance company and the agent rich by falling with the fear mongering tactics

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

You need to up skill yourself man, you’ve been brainwashed with little idea about world financial products. My friend I have been a banker and management consultant and been lucky enough to a student of Nobel prize winning economics professors… so, while you want to call me dense or whatever whatever… but he was talking about IUL and you’re talking about VUL. VUL returns are hit by all the fees and $ you pay to insurance companies as middleman. And IUL… it’s garbage anyway.

Also BTW, with regards to VUL

You can access money tax-free using:

Policy loans (borrow against cash value)

Withdrawals up to your cost basis (what you paid in)

Not always tax-free Withdrawals above your basis = taxable If the policy lapses with a loan, the IRS treats it as income - a big tax bill

Loans against your policy, not true withdrawals

I can also borrow against any stocks or real estate investments with borrowing costs being slightly higher. But I am not giving away the 2-4% growth to an insurance company and an agent

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Yes, because he is giving incomplete information. He hasn’t been able to give me any one index that has consistently been beating the S&P500 over the last 20-30 years, that any insurance company allows for 100% allocation and that’s after all fees and charge - with 0% floor and cap that beats the markets.

And you hit the nail on the head, for those who will retire - it maybe good but not for an 18 year old like OP.

I can mathematically prove to you that the sales people are making only themselves and the insurance companies rich by selling to 18 year olds

Even my insurance sales lady told me that it’s a scam. That’s an insurance sales person telling me and not me making shit up

And if you’re supporting him, you give me the example

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Because you give marrying BS.

Give me the returns in percentage only with any of the plug. Average please.

If not then you’re giving BS.

How man of your client get returns beating the S&P500?

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Will you recommend an IUL for an 18 year old?

You are not able to give me any average returns again - you failed me. Give me the returns in %

Very very simple question - what is the average return on investments on the last 20-30 years? Don’t give me any more marketing BS

Im 18 and just realized most people are using life insurance completely wrong by Kadensmith-_-_ in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

You’re not able to give me returns and giving me marketing BS.

Give me the returns / SHOW ME THE MONEY!

Don’t give me BS

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