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Originally Posted by MrProvidence
Yes sir ! 11 children - oldest 15 and youngest is 2.
It must be a good feeling to have children ...
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Originally Posted by MrProvidence
Yes sir! 11 children - oldest 15 and youngest is 2.
It must be a good feeling to have children under Bush. We tried to have a little bush supporter, but don't think its going to happen before he leaves office.
I don't know how anyone can say that Bush is the worst president. The worst was an evil dictator named Lincoln.
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I think there will definately be adjustment by the industry.
However having sold for 20 years now and coming back into life sales after years of group what I've noticed is...
People (as a whole) don't view life insurance as important as they did 20 years ago.
Why? maybe a couple reasons
..the thought that the government will take care of my family. Which 20 years ago was fighting words in an appointment demo or republican. Nowdays it seems to be a given disposition.
..the buy term and invest the difference guys. The set by 60 set.
People are listening and not purchasing coverage because after all, they won't need it after 60. So why buy it at 30?
Coming back into life sales as a primary driver of my business a couple years ago I have noticed alot of people age 50 plus purchasing their first life insurance policy... the kids are grown, yet they are looking at million dollar coverages.
They never bothered to buy insurance when they were young and had kids to support. Instead they've waited until late middle age and less than prefect health to buy.
Many of them are millionaires on paper...assets 2.5 million the problem? liabilities 2.3 million.....
I'm running into people who invested the difference and spent up to the lifestyle the difference allowed for credit wise..... They've accumulated wealth and debt at the same time with equal vigor.
While the economy is definately hard right now, I don't think it is the "real" reason behind life sales one way or another. The same person who can't afford a $20 a month life premium "finds" a way to drop $8 every morning at starbucks....
Yes sir! 11 children - oldest 15 and youngest is 2. We were expecting our 12th, but my wife started bleeding last night. I believe we are miscarrying. This will be our 5th miscarriage.
Sorry to hear that.
Children are a heritage from the Lord - Happy is the man who's quiver is full. We are certainly happy.
Good for you! I agree completely. We have nine, +12 grandchildren so far.
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I thought this WAS a real job!
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Originally Posted by MrProvidence
Yes sir! 11 children - oldest 15 and youngest is 2. We were expecting our 12th, but my wife started bleeding last night. I believe we are miscarrying. This will be our 5th miscarriage.
Children are a heritage from the Lord - Happy is the man who's quiver is full. We are certainly happy.
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Originally Posted by murph
I just passed my life and health exam in S. California, and am set to start selling with New York Life. Most of the comments I've read here have said pretty good things about NYL, but I'm curious how negatively effected the life industry has been and will be as the economy gets worse. Any advice or just plain comments will be appreciated.
Which office are you working out of?
I've a date for contract signing at the office near the John Wayne Airport.
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Originally Posted by arnguy
Do I see a Confederate flag unfurling in the background?
Not at all. The war was not necessary. As a student of history, I've had more opportunity than most to study the ex presidents. If many of the things that Lincoln said and wrote and his extreme racial predjudice exposed to the people that felt he was wonderful, I doubt that feeling would continue.
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So..........
Isn't this environment good for annuities and life insurance????
Doesn't everyone think that the current shakeout in equities will have a lasting impact on the psychology of the average investor; even those who still have a 20 or 30 year investing time horizon and were previously willing to take on extra risk.
Won't these investors want more of their money in whole life and annuities moving forward?
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Anyone who was head of the federal reserve can never be considered reputable.
Create your own economy.
Originally Posted by murph
I haven't personally felt or been effected by a "recession", however, yes the news of a recession in the media and from quotes from reputable people such as Greenspan and the like have given me and many people the notion that we are in or are approaching a recession. It may be media made "doom and gloom", but people are reacting to it and I was curious if that fear was keeping people from buying.
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Originally Posted by Billy Ray
Why is cash better than whole life or an annuity?
It isn't necessarily, but in this unprecedented financial environment, safety is going to paramount for quite a long while.
With the AIG (and others to come) mess, people are going to remain nervous - even about seemingly "safe" insurance companies backed by state guaranty funds.
Whether it's true or not, nothing feels as safe as cash.
The key won't be return on investment, it'll be return of investment...
------------------------------------ Don't steal - the government hates competition.
Re: Is the life insurance market going to drastically drop due to the possible recess
The more the Merrier
God help us when Bush leaves.
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