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Author: dhodson Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17880  
Subject: Re: Disability Insurance Date: 7/12/2012 8:18 PM
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Are you actually reading that information and pretending that it says that most whole life policies stay in force until death?

WOW...

To make it easier for you, look 3/4 of the way down this page where that information has been placed into a graph.

http://www.bogleheads.org/forum/viewtopic.php?f=2&t=9769...

If you still dont get it then google using the LIMRA details and there are plenty of articles that explain it for you.

If you still dont get it, then go to the insurance agent forum and post a question about what percent of whole life policies stay in force until death. Last time it was discussed there, agents in the know, reported 17%. Feel free to search that site since its by agents for agents and confirms that the majority of whole life policies do not stay in force.

http://www.insurance-forums.net/forum/

You constantly put up bogus statements to use as a straw person. Who cares what dave ramsey or any celebrity thinks or does. It is meaningless. If you like knocking them down then good for you. If you want to pretend that celebrity decisions apply to most americans, then good for you as well although this is not realistic.

I do understand the MEC. You probably want people to believe it was done for some reasons that make life insurance look great. Like lots of things there isnt one reason but a major reason is bc many rich people realized life insurance was horrible. They would buy the absolute minimum amount and then overfund it indefinitely. This way they minimized the horrible part. The insurance company didnt care so much as long as they got a piece of the action but they of course would have preferred larger base policies. The govt realized people werent using this as insurance but just as a way to avoid taxes. Since that isnt its intent, the rules were changed. Unfortunately now most people need to have a higher percentage of the horrible part. I do feel that if one does purchase whole life (which most people shouldnt), that they should overfund it with PUAs to the MEC limit. Unfortunately most agents dont present this since they dont have a fiduciary standard.
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