Comments on: Bear market = More insurance sales

By: trading short

trading short — Wed, 25 Nov 2009 14:31:33 +0000

This is a hot topic right now because for many people, their permanent (or whole life) insurance policies are the only thing positive over the past 1, 5 and 10 years.It is not really his fault if you buy something without asking questions and regret it later.I guess you should only buy if you need it and calculate the long term potential and effects of it.

By: financial advisor

financial advisor — Tue, 31 Mar 2009 21:38:17 +0000

This is a hot topic right now because for many people, their permanent (or whole life) insurance policies are the only thing positive over the past 1, 5 and 10 years. It doesn’t mean insurance should be your only retirement savings, but it has certainly proven to be a good portion for many people.

By: Pages tagged "bear"

Pages tagged "bear" — Tue, 31 Mar 2009 21:22:21 +0000

[...] bookmarks tagged bear Bear market = More insurance sales : WhereDoesAllM… saved by 3 others fiddlingsam bookmarked on 03/31/09 | [...]

By: Mark Wolfinger

Mark Wolfinger — Tue, 31 Mar 2009 16:24:24 +0000

“advisors often turn to talking about insurance”

Yes, but never portfolio insurance. Why is that? Oh yes, they don’t understand how options work.

By: tom

tom — Tue, 31 Mar 2009 13:10:46 +0000

Sales are sales and the adviser is out to make money and it is your job to know what you want and not get sold to on something you don’t need.
It is not really his fault if you buy something without asking questions and regret it later.

In terms of insurance being cheap, I have not looked at the number but it may be true, however, if inflation is hitting us hard, how much will that 100K policy be worth in say 10, 20 or more years down the road?

I guess you should only buy if you need it and calculate the long term potential and effects of it.

By: Preet

Preet — Tue, 31 Mar 2009 11:13:19 +0000

@ Life Critical Illness – I agree that many advisors do care, but I disagree with your statement that “it’s fine for advisors to START recommending insurances” since that implies they are not identifying the insurable risks during bull markets. The risks should be identified and addressed independent of the stock market condition (or trailing revenues/commissions).

By: Life Critical Illness

Life Critical Illness — Tue, 31 Mar 2009 08:40:02 +0000

It’s fine for advisers to start recommending insurances when investment sales are down but you just hope that they do a good job and think about the client’s needs too and not just commissions. The majority of advisers do care. At the same time you hope that those buying insurances now realise what it is that they are buying and don’t just cancel the policy 10 months down the line