Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: help! friend peddling WFG and VUL's
Old 01-23-2007, 05:17 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
Join Date: Aug 2006
Posts: 12,483
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.........:)
FinanceDude is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: help! friend peddling WFG and VUL's
Old 01-30-2007, 09:19 PM   #42
Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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"...............

CybrMike is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 07:36 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.