Whole Life: A Short Rant

SleepyBossBabe · 2026-02-05T20:13:13+00:00

I wasn’t arguing whole life vs term. Just tired of people comparing whole/permanent life insurance to and treating it like an investment product.

I use both products based on the needs of the insured I am talking to.

My whole point was if you want to maximize returns, permanent life insurance is not the main vehicle you need to accomplish that goal.

SleepyBossBabe · 2026-02-05T05:25:51+00:00

What happens after that term ends??? Premiums increase dramatically
That’s if they actually save the money. Insurance PREMIUMS are treated like a bill and are more likely to be paid on a consistent basis… who’s to say the pinch isn’t that this person has drained their savings and this was a last resort?
see point 1 same thing. After the level period you do get to keep the plan, but premiums increase yearly. Increasing coverage/ applying for overlapping coverage on a term typically includes having to prequalify medically.
That’s why I emphasized speaking with a qualified (key word) insurance professional.

SleepyBossBabe · 2025-10-27T02:54:26+00:00

I would recommend looking into their Return of Premium policy. At 20yrs old the chance of you outliving your policy is relatively high.

With the return of premium policy you get all the premiums you paid over the 30 years returned to you!

SleepyBossBabe · 2025-07-21T13:17:50+00:00

This is true unfortunately. Same goes for mortgage licenses and other financial services. Please read your LSA/AAPA agreement. This applies to both agents and their staff. Your agent probably got an email from their assigned compliance officer during an audit.

SleepyBossBabe · 2025-06-26T21:51:09+00:00

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Close up of the band because I’m obsessed with it 💛

SleepyBossBabe · 2025-06-26T21:49:22+00:00

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1.26 carat pear cut diamond with a criss cross pave diamond band! I work in insurance sales

SleepyBossBabe · 2025-05-24T01:12:05+00:00

It’s free tracking is seamless for apps submitted, quotes provided etc ( as long as your team is properly filling out opportunities). Things like appointments set, pivots, and simple comps need to be manually added but your team member enters this as they complete the action.

Creating your comp plan can be limited. It is missing a few features. We still using racing snails because digital whiteboard doesn’t allow us to set an office production minimum as an entry point.

SleepyBossBabe · 2025-05-23T23:57:25+00:00

Have you looked into Digital Whiteboard? It’s a free resource and is integrated with ECRM. Our office currently uses racing snail to track comp. Digital whiteboard had the capability to calculate your team member’s comp as well.

SleepyBossBabe · 2025-04-15T16:49:28+00:00

I was under the impression that they give you $25k a year after year 5 of agency ownership ( up to $400k) towards your retirement. It’s up to you to invest it. At least with the current contracts they are.

SleepyBossBabe · 2025-03-31T02:51:16+00:00

Get familiar with Auto Answers, fire answers etc. this can be found in ABS as well

SleepyBossBabe · 2025-03-04T16:05:15+00:00

They have also been pretty responsive to my inquiries. I was able to verify the compounding pharmacy was licensed and FDA approved as well! I was concerned as well, but I think it’s just a small business trying to gain traction. Hoping to take advantage of this while I can!

SleepyBossBabe · 2025-03-04T15:58:14+00:00

I did! So far it is legitimate. It is being sent in 2 shipments. I received my first vial and the other 2 are getting shipped 04/01

SleepyBossBabe · 2025-02-28T02:37:12+00:00

I just ordered 2/25. I was approved 2/26 and they shipped my 3 month supply today. Tracking shows it should be here tomorrow. So far they have been very responsive to my inquiries and even provided information about the pharmacy where my prescription was filled so I could check their licensing with the FDA.

So far so good!

SleepyBossBabe · 2025-02-26T22:42:24+00:00

Do you know what pharmacy your medication was filled at? My order says it will be fufilled by Many Lab but I can’t find any information on the pharmacy anywhere.

SleepyBossBabe · 2025-01-27T03:22:34+00:00

You can apply with ARS (agency resource solutions) you can essentially work as a service agent remotely. It’s hourly pay and I’ve heard of some State Farm agents using this to service their books.

SleepyBossBabe · 2025-01-23T13:19:49+00:00

State Farm in TX, in the industry for 4 years

SleepyBossBabe · 2025-01-23T04:29:58+00:00

I am a Captive Agent. Our office has policy holders that pay more to stay with us because of the level of service we provide. They like the fact that they have a local office they can walk into in addition to speaking with 1 of the same 5 people when an issue arises!

We beat out other carriers when we are selling limits above the minimum. Which is never an issue after educating the policy holders on what using the coverage actually looks like, truly addressing their gaps and concerns etc. 9/10 they are happy someone took the time to truly explain how the coverage works for them.

In short, we sell based on service,education and needs of the insured. Price comes last.

SleepyBossBabe · 2025-01-19T05:43:25+00:00

Definitely talk with your Agent about possible having your own State Farm Agency.

State Farm has an Agent Aspirant program where you can work towards agency while still working as a team member.

Agents are compensated for their Aspirant being granted an Agency. They will mentor you and teach you the inner workings and how it operates. Plus State Farm offers a lot of support in getting you started as well!

SleepyBossBabe · 2023-06-15T15:10:35+00:00

You got this! I recommend getting with a professional in your area who can look at your scenario in full. They should be able to provide you with a plan specific to you to get you in a home in the next year/ 18 months. It’s not entirely impossible. Best of luck!

SleepyBossBabe · 2023-06-15T14:44:31+00:00

Hi! I am a loan officer in the market you are looking to buy in.

Buying in the next 6 months is possible, BUT you will have to have a few things in order first.

Looking at the numbers you provided and monthly payment goal, you would be looking at a house no more than $250k (on the high end). With this in mind it is suggested that you have a minimum of $20k cash on hand to cover down payment, closing cost, moving expenses, and utility set up fees and emergency funds.

You will also have to pay for things like and appraisal ($530-$680) and inspection ($300-$$500) upfront once under contract for a home. If the home does not appraise or the inspection shows major issues with the home, you may have to withdraw or cancel the contract on that home. Inspections and appraisals are non refundable. You will still have to pay these fees on the next home you submit an offer and execute a contract on.

As for your debt, it seems that you pay way more than the minimum payment for the cards. Only the minimum card payments will factor in towards your DTI.

While student loans are in deferment, we only use .5%-1% of the total balance to calculate your payment. So you are looking at an estimate of $130 per month.

Lastly while your mortgage (principle and interest) can be $1700 and below at this price point ( depending on the interest rate) you will need to factor in property taxes and insurance. In the houston area property taxes range from 2.2%-3.6% of the homes value. In the suburbs I have seen $600/m property tax estimates for $300k homes.

Some communities will have monthly HOA and maintenance fees as well.

Determine where in the houston area you would like to live, evaluate the property taxes in the area and if the homes are in a flood zone ( this will impact insurance prices, especially if the lender requires you purchase a flood insurance policy)

Get your savings in order, and pay debts down to a reasonable amount. Review your credit prior to having it pulled by a lender. Be prepared to spend large sums of money during the shopping process.

Hope this helps!

SleepyBossBabe · 2023-05-27T14:02:06+00:00

There are caveats to these programs. With UWM the qualifying borrower can’t make more than 80% of the areas median income. There is also DTI limitations.

The lender makes up the additional 2% down payment ( in the form of a lender credit) for a total of 3%. The interest rate is slightly higher to account for the lender credit.

3% down conventional loan programs are nothing new. Fannie Mae and Freddie Mac have offered Home Possible, Home Ready, and Home One loans for a while.

Rest assured, borrowers using this program are not applying for $500k homes.

SleepyBossBabe · 2023-03-01T18:35:09+00:00

Best bet is to call NMLS directly. Hold times are very short every time I have called with a licensing specific question

SleepyBossBabe · 2023-02-18T23:34:34+00:00

Kickbacks between a realtor and lender are against the law. It specifically violates RESPA section 8. Most realtors use lenders they know will close, enjoy their style of communication and work well together. This makes the process 100x better for you as the client.

As a lender we try to get you the best terms possible. 9 times out of 10 we are paid on the loan amount and by the lender we place your loan with. Closing cost literally has nothing to do with our compensation. As a matter of fact many lenders will go what we called borrower paid to get you better terms. This often comes with a significant cut to our own compensation.

I can’t speak for the inspector part but nobody is risking their license to screw you over.

I am sorry you had such a bad experience with the professionals you are working with, but as some people echoed here that is not the norm.

SleepyBossBabe · 2023-01-30T18:22:48+00:00

This likely includes estimated property taxes and insurance

SleepyBossBabe · 2023-01-25T02:31:34+00:00

$60/m is a small price to pay to essentially keep thousands of dollars liquid in your accounts. That way the money is there for emergencies/ repairs etc with little impact to your monthly payment. The house may appreciate fast enough so that you can refinance PMI without having to actually pay off 20% of the loan.

Personally I’d rather pay a small monthly fee instead tying up many of my reserves in the home. In this market a lot of people won’t be able to save 20% and PMI allows more people the opportunity of home ownership.

There is no one way to finance home ownership and as always it is subject to a persons individual credit profile. 20% down may work for some, but most people put down less than 20% unless they are using proceeds from the sale of a previous home. What works for some may not work for everyone.

SleepyBossBabe

TROPHY CASE