Suze speaks her mind on life insurance with savings.
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Yet, she owns a Whole life policy from NY Life, and her portfolio is 85 percent CONSERVATIVE. Don’t be another clueless listener. She’ll run you broke and you won’t be able to hold her accountable. Because she is categorized in ENTERTAINMENT not NEWS. Seriously, who the hell can knock Whole life when your money is ALWAYS guaranteed to go up not down. And grows tax deferred as well as Tax free Distribution. How do you get both? Don’t have it turn into a MEC. I care bout you more then her
And to add to my previous statement. Suze Orman is categorized as a Entertainer/Entertainment NOT news! Therefore, she can’t be held accountable for any investments that go sour resulting from her POOR advice. Do you ppl know that 85 percent of her portfolio is CONSERVATIVE?? When she’s always telling ppl to go Aggressive! She does not have your best interest! Only the best interest of the companies that pay her referral fees that benefit from her advice. And NOT yours! Wake up!
Stock Company Whole Life insurance bad. MUTUAL Company Whole Life policies Good. Stock companies pay dividends to stock holders not policy holders. Mutuals pay dividends to policy holders therefore making their cash value in a whole life policy alot bigger and quite substanstial as a retirement vehicle. Plus it’s tax free withdrawls. Whats sad is that so many ppl r brainwashed by Suze Orman and just eating up all her BS. When that hypocrite OWNS a whole life policy from NY LIfe! Wake up ppl.
@12345baseball-I was reading your post. I would disagree with your earlier comments in regards to where Life Ins companies invest money.They have very little exposure to the stock market because of statutory law.
i thought you were talking about life insurance. if whole life is the reason other countires are doing well and term is the reason the united states is doing poorly why did you bring up hedge funds? They have nothing to do with insurance.
this probably is technical to some people but it is logical reasoning. you are making claims that you cant support factually. as for cash value increasing savings that is unlikely. since cash value is more expensive than term it is detrimental to saving because it takes away more money from a families budget that could have been saved. as for hedge funds, how does that take away jobs? its an investment which has nothing to do with a persons employment.
i dont understand how you can say that whole life insurance has made countries better off but not care about the math to prove it. you are making outlandish statements. the economic situation of the us is not caused by just one thing. there are multiple factors that played a part. and yes my life is better since i got rid of my whole life policy. thank you for your interest.
This is technical mumbo jumbo. The fact is: CASH VALUE life insurance case more savings than any other savings vehicle. As a result of increased savings the country is more prosperous.
Have you ever try to analyze the economic effects of Hedge Funds? They are the ones that are driving away Jobs and driving down incomes just so they pay a extra % on money. It makes no sense!!
I can only assume what you have a problem with. I am not interested in % I have one question for you: ARE YOU BETTER OFF NOW THAT YOU HAVE ABANDONED WHOLE LIFE? If you are better off argument done. But I put it to you you and America is worst off and getting worst. Smart people would rethink that strategy
assuming that the insured gets their 10%, the insurance company makes only 1% on their money which would make them incapable of paying death benefits. so that means that the cash values could not be the reason for a countries positive financial position because their people are barely able to overcome inflation and interest from using their cash values.
i have a problem with this argument. every country has inflation which is about 4%. for somebody to get any of their cash value they must take out a loan against it with interest that is usually 6-8%. that would mean that the cash value account would have to grow by about 10% just to break even. i have found that life insurance companies own most mutual fund shares in the market which have been average about 11% since the great depression..
False prophet seeking quick profits. Check out Dorlan Francis video on life insurance
she’s soooo right!!! o/
Suze is an idiot. With my company, if he paid $14,000/year for 10 years and then paid nothing more based on his age and a $500K death benefit. (working backwards) By the time he was 73 there would be more than $1,000,000 cash in the policy. If he starting pulling money out at $60,000 a year at age 74 via tax free loans each year until he’s 94, he would have pulled out $1.2M tax free and still have over a $750K death benefit at age 95. He put in $140,000!!!! Horrible deal Suze? idiot!!
Do they still have the Term Insurance? Are they paying mortgage for premiums now? The effectiveness of a life insurance strategy is best measured on DEATH. Lets see if they will have insurance when they die!
That’s funny. Because my parents give people term life insurance, and yet the people who have been helped by my parents, are happy about it. So…I guess just because it doesn’t work for a specific group of people, doesn’t mean you are able to say something like that. It’s really based on opinions.
I am pleased to announce that I now have a series of videos on Youtube. Search “Dorlan H. Francis on Life Insurance” I look forward with excitement to your comments!!
The people of SINGAPORE do NOT buy Term Life Insurance are they stupid, are they poor, are they being ripped off? The people of Singapore are some of the most prosperous people in the World.
In SINGAPORE in 1996 Policies sold were as follows: Whole Life Insurance 52.6% Endowment 44.2% TERM 2.1%
FALSE PROPHET Suze Orman you do not realize that the MORE you talk the POORER Americans and America get. Is it only when your country become a 3rd World country you going to realize that it is falling?
Stop misleading people with your 16th. century idea.
john aka smallshaft, you are not right in the head…..seek help and quit stalking me !! it’s creepy dude.
lol
do you stalk women the same way or just guys? CYBER STALKING IS A CRIME !!!
you are tired of what? me proving you wrong?DUDE GET A LIFE !!!!
smallshaft, you are nuts.
head office called …..i getting a raise for beating the fuck out of a douchebag named …………….shaftsmalldick !!!!! thanks for recommending me you stupid fuck !!!