TT obviously has no idea what he's talking about. Life insurance can
also be used for estate planning purposes. Why else would millionaires
take out life insurance? Just because someone recommends that you
need life insurance does not mean he's just a insurance salesman. The
reason why you might want to get L/I now is because of insurability.
And not anyone can call themselves a financial planner. I've run into
many people that claim that they are one and yet they don't the know
basics of financial planning. It's not a sin to admit that you don't
know something. It's foolish to pretend that you do when you really
don't have any clue.

Scott


"TT" <tool[at]box.com> wrote in message news:<tZOdneDRb9izoT2iRVn-vg[at]comcast.com> ...
- quote -

TT wrote:
- quote -

CURRENT dependents, then there is no N E E D for
a Life Insurance contract on your life.


HOWEVER, if the possibility exists, that the situation might
change due to marriage, family illness, business, etc.,at some
time in the foreseable future, then it might be prudent to
purchase Life Insurance while it is still available at a
reasonable price..........

Cal Lester CLU

Huh?

"cal-lester" <cal-lester[at]comcast.net> wrote in message
news:ASVnb.57751$Tr4.129007[at]attbi_s03...
- quote -

TT wrote:
- quote -


NOW ! ! ! ! !
Cal Lester CLU



- quote -

--
How do you call a fly without wings ? A walk !

This signature file is generated by Pick-a-Tag !
Written by jeroen[at]vanbaarsel.net

Moshe Rosenberg wrote:
- quote -


Hy Moshe;

The question that you pose, is the traditional one, "should
I buy now, or wait until I need it". It has been around for many
generations, and there is NO simple answer. There are good
arguments for both sides.............

Having said that, I can give you my experience of the past
40 years in the business. That being "buy now"......

The reasoning is very simple, you are in all probability eligible
(by reason of Health) to BUY Life Insurance today. Whereas
there is the possibility that at the time that you want/need that
Life Insurance policy, you may "N O T " be eligible, or at least
LESS eligible (higher cost) due to some change in Health.

Next we come to the question of which TYPE of L/I policy to
buy....... Many would say to purchase a 10 yr. or possibly a
20 yr. TERM policy which is EXTREMELY cheap at your age,
and then convert it to a Permanent Policy (U/L or W/L) when
you get older. I personaly would vote against that concept.

I am in agreement with your "financial planner" as to the
"TYPE" of contract to buy at this time, Universal Life,
( DEFINETLY NOT Variable Universal Life). The Annual
premium for U/L would be MUCH higher than the one for
TERM, but the major difference would be that it would or
could stay the SAME for the rest of your life, as you AGE.

There are MANY other benefits to owning U/L vs Term,
too many to go into here.

Cal Lester CLU






--
When my grandson asked me how old I was, I teasingly replied, "I'm
not sure." "Look in your underwear, Grandma," he advised. "Mine says
I'm four."

This signature file is generated by Pick-a-Tag !
Written by jeroen[at]vanbaarsel.net

Remember, anyone can call themselves a "Financial Planner." Most likely,
you spoke to an insurance salesperson. Life Insurance is for those who are
dependent upon your income, and would need the income replaced if you died.
If no one is dependent upon your income (not married, no kids etc.) then
most likely, you do not need life insurance.


"Moshe Rosenberg" <moishier[at]hotmail.com> wrote in message
news:fd855691.0310281620.2d91305f[at]posting.google.com...
- quote -

Hi,

I spoke to finacial planner about investments. He says I should start
with a life insurance policy. I told him I don't need one now, but
will in like ten years. Still, he says, I should get it now so that
the rates will be lower even later. He wants me to get a universal
life plan.

I am worried that he just wants to sell me a policy now to make some
$$$.

My question is: At the end of the day, say in 30 years, will I have
saved money in the long run by getting insurance now as he says, or
will I have saved myself $$$ by waiting, although I was not covered?

I am 25 years old, non-smoker and in good health, thank g-d.

Thanks so much!

--
Moshe Rosenberg