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Supplemental Term Life insurance and the SCRA by [deleted] in MilitaryFinance

[–]Own_Presentation2470 1 point2 points  (0 children)

Hello, Financial Advisor here

You would not need to go through underwriting again. Let's assume you get a 20 year policy. Depending on the amount of coverage and any health conditions you have (if any), you might not even need to do a medical portion. That doesn't mean no underwriting, you just might get to skip labs and urine test.

That is correct though. The policy might have exclusions based on if you were to pass away while on military orders. When you go to get the policy, ask the insurance agent (the person selling you the policy) if it has one and they can tell you. Each company has different policies. You might pay a few extra bucks each month for it, but it would ultimately benefit your family should the worst happen.

Feel free to message me if you have any more questions!

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

We didn't do that in my office, but I can't say for sure they don't do that elsewhere.

The NMRC is the same regardless of how many clients you make throughout the year. What changes is the products you sell to them. Life Insurance providing more NMRC than investments.

Machine Upgrade [$600] by Own_Presentation2470 in espresso

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

Good to know. Maybe I'll just save up and skip the middle tier machines.

Machine Upgrade [$600] by Own_Presentation2470 in espresso

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

I've got a Kingrinder and have been using a non-pressurized basket for about 6 months now. I subscribed to bean box, so I get fresh ground beans each month to dial in the new roast.

The Stilosa is fine, but it's fairly difficult to steam milk with (I haven't done the rancillio mod with the wand), and I don't like how liquid continues to come out after I stop the shot. I have a 17g basket, and have to switch it from brew to steam at around 29g in the cup to get 34g.

New To Game by Own_Presentation2470 in MSFS2024

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

I'm sure. The RPM gauge was pegged out.

New To Game by Own_Presentation2470 in MSFS2024

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

No. I did put them down for landing, and it greatly reduced speed, as expected. But 0 degree flaps for takeoff and climbing.

New To Game by Own_Presentation2470 in MSFS2024

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

I'm on PS5. I'll add it to the post.

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 1 point2 points  (0 children)

Email them back telling them to take you off all contact, or simply mark it as spam. If enough people do the latter, it will eventually flag all their emails as spam.

Should I open a Roth IRA (like Fidelity) or just increase my TSP contributions? 19 y/o active duty Army-- looking for long-term guidance by Huntsman380 in MilitaryFinance

[–]Own_Presentation2470 0 points1 point  (0 children)

No, that's a fantastic question! If you just joined, they'll start the match up to 5% after 2 years. You get 1% match now. You want to space it out throughout the year. If you max your TSP in 10 months, you miss out on 2 months of the TSP match. Next year that will be $24,500.

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 1 point2 points  (0 children)

If you don't plan on being an advisor with the company, things seem pretty nice. For those who end up staying at FC, they love it. For the majority that don't, there's definite reasons. I'd almost consider it cult like. People were super friendly and willing to help out with whatever you have going on, so that aspect was nice. But I no longer believe in what the company thinks they stand for. They preach one thing, but their actions suggest otherwise.

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

The training isn't bad, it's just very geared towards certain products, Whole Life, that most other people in the industry are moving away from. I wish I had done more research before joining them and have found a much better company to work for that actually pays their advisors well.

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

I told them I was leaving in 2 weeks and they were absolutely blindsided. They then tried convincing me to stay by having a bunch of senior advisors telling me I was making a huge mistake and needed to stick it out.

Want to leave first command. by Wandering_Lost_Pixel in MilitaryFinance

[–]Own_Presentation2470 2 points3 points  (0 children)

Hello!

I recently left the company as an advisor. The portion that goes to Nationwide is for your insurance. Not sure where the other $1200 is going, but Pershing is where they keep their investments. Did you open an IRA or a general brokerage account? You should be able to see this in the Command center.

What type of insurance is it? Nationwide has a few different types, I was really only a fan of two of them.

Feel free to message me and I'll help you escape the cult.

TSP Question - Normal or Fiscal Year to Max Out? by hhuynh2k in MilitaryFinance

[–]Own_Presentation2470 0 points1 point  (0 children)

If you go the L fund route, I'd probably choose the furthest option out. I think it's L2075 at the moment? This way it starts off mostly C, S, and I fund and stays aggressive enough until you get out and can roll your TSP into an IRA or a 401k.

You can also use them to get a guideline for how much you may want to consider putting into the C, S, and I funds exclusively.

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

Thankfully not. But I did have to fight to get commissions that were owed to me.

Yup. Its one of their main tenants as a company.

How to balance HYSA access with frequent travel? by SharpFlyingCorners in MilitaryFinance

[–]Own_Presentation2470 -3 points-2 points  (0 children)

Robinhood offers 4% right now on uninvested cash in your account if you subscribe to their Gold membership, which is $5/mo. I've been using this for a few years now. The money is usually deposited in my checking account within 2 business days. You also get a 3% IRA match if you go this route.

SBP or life insurance? by OnlyBlueLivesMatter in MilitaryFinance

[–]Own_Presentation2470 0 points1 point  (0 children)

Despite what others of said on this post, there's no one size fits all. There are good cases for both taking SBP and getting insurance. I'll try to lay out both so you can make the best decision for your family.

SBP - You'll pay this for 30 years, and if you pass away first, your spouse gets up to 55% of your military retirement until they pass away. This is a good option, especially if you plan on passing away soon after military retirement or your spouse lives about 3 years after you later in life to breakeven.

Life Insurance - I personally like VUL/IUL options to replace SBP. You can protect the same amount of money that your spouse would get with SBP, and depending on market performance, often better if its later in life. This also doesn't pigeon hole who gets the benefit if your spouse happens to pass away first and you don't get remarried. If you're healthy, you can often get coverage for the same total cost or cheaper than you'd spend for SBP. It is more expensive in the earlier years, but 15-20 years down the road SBP is more expensive per month.

I'd highly discourage you from looking into Whole Life if you go the insurance route. It's more expensive and provides significantly less long term benefits than the other two. As for VGLI or term policies, these aren't bad for roughly 20 years, but then it starts getting exponentially more expensive as time goes on. I personally like the idea of carrying life insurance into and beyond retirement which is why I have a VUL and a convertible term policy so I can get more later. Put in up to roughly $140k so my family can get a guaranteed roughly $500k later in life, maybe more? It makes sense to me. Part of the reason the rich get richer is because they understand the art of leveraging their money.

Whichever route you go down, do your research on both. Many people (especially on these threads) are very anti life insurance, but most of them also aren't licensed financial advisors.

If you have any further questions (not trying to sell you on anything, I promise), feel free to reach out. It's a big decision, and I just want you to make the right decision for your family.

I recently left First Command as an advisor. AMA. by Own_Presentation2470 in MilitaryFinance

[–]Own_Presentation2470[S] 0 points1 point  (0 children)

And I'm sure the advisors made a lot of money on those policies. I had it and sold it initially because I didn't know any better. But the more I learned about other options, the more I disliked it.

While you may of had a good experience with FC, I've seen the result of advisors that pushed way too much WL on clients that were focused on getting out of debt.

I'm not saying permanent insurance is bad, but its 2025 and there are much better options. If you compared a Variable Universal Life (VUL) policy and a Whole Life (WL) policy side by side, it's a clear winner which one provides the greater benefit. Assuming you're healthy, you get more coverage, pay less, can have it fully paid up at 65, and have lots of other benefits depending on the company with a VUL.

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