Race Jones
gangster. grace. alchemy
none of your business babe
yeah your premium will probably go up astronomically
it's time for the uncomfortable conversation about...........
- Thread starter Old Man Cain
- Start date
none of your business babe
yeah your premium will probably go up astronomically
Old Man Cain
OG
AZTG
OG
Tayboo
There she go🥰
I have 2 policies on myself and one on each of my children. My plan is eventually pay for my funeral cost before I go, so my kids don't have to have worry about it. I think I mentioned this before, but that's how my grandmother had everything set up for herself, my grandfather, and her mother before she died.
Inori
NAWF
wadupdoe!313
OG
I used to sell life insurance. Imma be honest. I can't stand my people sometimes. I go to a black family household and they just don't care.
I get it through my job. Just throw my body in the river. All types of excuses.
I go to these white households and we start having a tough conversation about the need to have it. I only sold 2 policies to black people. I sold 12 to white people.
I stayed in the insurance industry cuz i loved it but gotta out of life insurance. It was a waste of my time
I get it through my job. Just throw my body in the river. All types of excuses.
I go to these white households and we start having a tough conversation about the need to have it. I only sold 2 policies to black people. I sold 12 to white people.
I stayed in the insurance industry cuz i loved it but gotta out of life insurance. It was a waste of my time
DOS_patos
Unverified Legion of Trill member
Bunch’s different reasons.
Some for themselves and each person.
Some have one multiple beneficiaries
Some have multiple on themselves some each offspring has their own.
mostly to stop infighting after death. And sometimes that’s no even enough
wadupdoe!313
OG
There's so many different policies.
You can get what's considered a whole life policy which is an investment. As your paying monthly it feeds into a savings bucket which you can withdraw from at anytime with no penalty cuz you pay it back monthly.
You can put your child through college with that type of policy
You can get what's considered a whole life policy which is an investment. As your paying monthly it feeds into a savings bucket which you can withdraw from at anytime with no penalty cuz you pay it back monthly.
You can put your child through college with that type of policy
DOS_patos
Unverified Legion of Trill member
This is how it should be.
Salute shawty
DOS_patos
Unverified Legion of Trill member
And a few other tricks but basically this.
This should be its own thread tho
Elzo69Renaissance
Didnt you hear about the last nigga who swung @ me
Not gonna diss you cuz this is an important question LOL
:max_bytes(150000):strip_icc()/Search-for-a-lost-life-insurance-policy-5796d6935f9b58461f77127e.jpg)
Term vs. Whole Life Insurance: What’s the Difference?
Unlike term life insurance, whole life policies cover you for life and let you build savings in a cash value that you can tap for future needs.
Click the link
Race Jones
gangster. grace. alchemy
@Inori term policy only last for a particular term and goes up significantly when the person turns 50-60, increases every 5 to 10 yrs, or ends after a certain period
whole life is a premium you pay monthly and the coverage last you for your entire life or up until the age of 100
the premium is usually fixed with whole life
term policies usually have a bigger payout which makes them more attractive
whole life is a premium you pay monthly and the coverage last you for your entire life or up until the age of 100
the premium is usually fixed with whole life
term policies usually have a bigger payout which makes them more attractive
Elzo69Renaissance
Didnt you hear about the last nigga who swung @ me
Gotta let them know that you can pull money from your whole or cash it out
Elzo69Renaissance
Didnt you hear about the last nigga who swung @ me
What?
God_Body
Check yourself, what percentage is you?
is this true?
“Let’s say Greg gets this $250,000 whole life policy at 30 years old. He pays $260 per month, with $15 going to the insurance and the rest into that savings account with a 6% return rate. After 40 years of paying way too much for his insurance, Greg is 70 and has $250,000 in insurance and roughly $488,000 in cash value. Then, Greg dies. How much does the insurance company pay out to his wife and kids? $250,000. But wait, what happened to the $488,000 of Greg’s hard-earned savings? The insurance company keeps it.”
“Let’s say Greg gets this $250,000 whole life policy at 30 years old. He pays $260 per month, with $15 going to the insurance and the rest into that savings account with a 6% return rate. After 40 years of paying way too much for his insurance, Greg is 70 and has $250,000 in insurance and roughly $488,000 in cash value. Then, Greg dies. How much does the insurance company pay out to his wife and kids? $250,000. But wait, what happened to the $488,000 of Greg’s hard-earned savings? The insurance company keeps it.”
wadupdoe!313
OG
Death is apart of life. You gotta have things in order for when it happens. Funerals are expensive, cost to fly family into town, room and board. All of that is covered with life insurance.
Whatever debt they have you will be responsible for. Having a life insurance policy will take care of those debts.
Death of your parents is tough but it will be harder with no life insurance or will in place
DOS_patos
Unverified Legion of Trill member
Why do you think this is ?
premium too high
Don’t understand the investment side of it?
Im curios
deadeye
Warrior
When my parents had cancer, a few people said I should take a policy out on them.
Logically it made sense, but it just didn't feel right.
Now, whatever policies they took out on themselves for me and my sisters was ok with me.
However, if I took out one on them...........it would seem like I'd be hoping they'd die so I could get the insurance money.
Again, it would've been a smart financial decision..........but it just wouldn't sit right with me.