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Re: help! friend peddling WFG and VUL's
Old 01-23-2007, 05:17 PM   #41
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Re: help! friend peddling WFG and VUL's

Most if not all VUL or whole life policies are quite expensive in the first 5 years or the costs of paying the agent (large) are amortized on a weighted basis in the first 5 years of the policy. If you looked at an average policy illustration, you would see that the cash value would not grow very fast, as any dividends are forfeited to pay the agent's commission.

Hopefully these are NOT being presented as an "investment"........if they are, those folks are in violation of NAIC and SEC laws, and could face severe penalties...........

Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
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Re: help! friend peddling WFG and VUL's
Old 01-30-2007, 09:19 PM   #42
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Re: help! friend peddling WFG and VUL's

My uncle (by marriage) is an Amway multi-millionaire. Started in 1978 (or maybe 79?). Now he is retired and lives in Maui a couple months out of the year.

Originally Posted by FinanceDude
I got "sucked in" to Primerica back in the late 80's................ :P :P

MLM companies do a "GREAT JOB" of keeping the cult going, with tons of "rah-rah" meetings and the like............

I personally know of NOONE that has made substantial money on them........and a few who almost ruined their lives "chasing the MLM dream"...............

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