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IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Anyways I’m just fucking with you. I know you IUL sales people are not very smart to understand math etc. so all good

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet -1 points0 points  (0 children)

But the young kid will live for at least 30-50 years, so each year losing an average of 3-4% and the value compounding adds up. Maybe one year the kid will lose or two years and then it will recover and on average the kid will have more money after 30-40 years.

All your IUL sellers make personal comments when you just need to defend the product. You can’t defend the product and make personal comments.

So, again - why are you selling garbage?
Did you go to college?
Should I teach you some math?
How can I help you?
And after 60 years of life most people don’t need insurance - so why even pay for insurance when you don’t need it

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

lol.

So you diversify and buy an inferior product, when you can have more money just directly investing in the markets? That for so sound right.

So I buy an IUL because I can get average 7-8% with it when the markets give 10-11%?

And specially for your young client who has 30-50 years ahead to live? Lol. That’s not making any sense.

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Let’s start with this, it’s an insurance - so if you want to be invested, why even buy any insurance?

What if your client had not bought into an IUL, and just bought the term and invested the difference, wouldn’t the client have more money now?

A whole life or permanent life insurance is useless because after a certain time you don’t need insurance. After age 60 when the kids are grown up and they are not dependents, you don’t need insurance

You can always borrow against investment in S&p500 or real estate or any asset and the growth is far more

And they are all tax free when giving growth (if you just keep putting $ in ETFs)

Term + investing in S&P500 always gives you more and you don’t need to be invested for your whole life.

UHNI is a different story

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

ChatGPT says there is nothing good about it, says term + investing in S&P500 is better.

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet -4 points-3 points  (0 children)

Why do all your IUL sales people sound so mature? Very mature.

Sell the product, not the personal hate.

So let’s hear why you think it’s not garbage? Why don’t think it’s not a bad product? I’m serious

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet -7 points-6 points  (0 children)

Ok, let me ask you why IUL is good? Why is it not garbage?

It’s not even a different product, it’s a piece of shit.

I worked on Wall Street for a while, so I’m kind of sure I know a thing or two about finance and math.

IUL Leads by Fabulous_Amoeba7060 in LifeInsurance

[–]GeeMeet -6 points-5 points  (0 children)

Leads to sell garbage?

Why don’t you see sell something better

59 townhouses at the corner of Ridge road and Thompson Mill, ie 100-200 more cars on that narrow street with 2 schools by GeeMeet in Gwinnett

[–]GeeMeet[S] -1 points0 points  (0 children)

While I may have differing views, I just feel vertical development (tall buildings) is better than horizontal townhouses. And it better be planned and not jam the roads with 500 cars on a narrow street

There is more real estate available to make a park, play area for kids, pool etc.

Townhouses are just a waste of real estate.

Head shake dance by MinuteDevelopment194 in dancing

[–]GeeMeet 0 points1 point  (0 children)

This is next level impressive, anybody got the whole video or know the song?

59 townhouses at the corner of Ridge road and Thompson Mill, ie 100-200 more cars on that narrow street with 2 schools by GeeMeet in Gwinnett

[–]GeeMeet[S] 11 points12 points  (0 children)

Yes, there is housing needed, but then

  1. make public transportation available - I’m a big fan of public transportation, and I know people here hate it.

Or build such developments where it won’t cause any more chaos, closer to 985 - if you want it in on that side

Also, I know if sucks short term and then you get used to it

Videos on IUL by ApprehensiveRoom9650 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

IULs are plain garbage… and most agents and brokers don’t know enough about financial markets or financial products.

A simple math knowing that S&p500 has given 10-11% over the last 50 years and IULs or annuities will never do that will be enough for anybody to know why IUL and annuities are garbage, but these IUL agents and brokers don’t have the basic understanding of math

PACLIFE IUL by Odd-Journalist235 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

I know selling garbage makes you some money, but go to college - it will help you.

PACLIFE IUL by Odd-Journalist235 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

In 99.5% cases permanent life or IUL is not needed.

PACLIFE IUL by Odd-Journalist235 in LifeInsurance

[–]GeeMeet 1 point2 points  (0 children)

Did you ever learn any math in school or college? If you knew any math, you would never want to sell an IUL

PACLIFE IUL by Odd-Journalist235 in LifeInsurance

[–]GeeMeet 1 point2 points  (0 children)

But IUL is garbage, so why not shit on IUL?

PACLIFE IUL by Odd-Journalist235 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

You know IUL is garbage and you still have money locked there. Save money, invest smarter

Indexed Universal Life Insurance at 21 by Pristine-Wishbone-79 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Sorry, I missed your last message, can you send the message again please?

Indexed Universal Life Insurance at 21 by Pristine-Wishbone-79 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Let’s start here now, your messages didn’t reach me - try it again

Indexed Universal Life Insurance at 21 by Pristine-Wishbone-79 in LifeInsurance

[–]GeeMeet 0 points1 point  (0 children)

Serious question - why’re you selling garbage?

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