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    Financial Planer

    Any recommendations on a financial planner that could talk me through life insurance, disability, and a will? I'd rather not use someone that will make a commission of me purchasing one of their products.


    I don't need advice on investing, retirement, etc., I have that covered.



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    Re: Financial Planer

    They all get paid commission


    a/s/l?

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    Re: Financial Planer

    Quote Originally Posted by letsCYber View Post
    They all get paid commission
    there are fee-based providers that do this kind of stuff.


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    Re: Financial Planer

    Quote Originally Posted by dmclone View Post
    Any recommendations on a financial planner that could talk me through life insurance, disability, and a will? I'd rather not use someone that will make a commission of me purchasing one of their products.


    I don't need advice on investing, retirement, etc., I have that covered.

    Why not talk to an insurance salesman, yes they will try to sell you something but they are the experts on insurance. For a will use legalzoom.


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    Re: Financial Planer

    Quote Originally Posted by dmclone View Post
    Any recommendations on a financial planner that could talk me through life insurance, disability, and a will? I'd rather not use someone that will make a commission of me purchasing one of their products.


    I don't need advice on investing, retirement, etc., I have that covered.
    I'm pretty sure then you don't need a Financial Planer, and I'm interested your same issues, so it sounds like we need an insurance agent and a lawyer - specifically for the will & living will, and we would need lawyers who are board-cert in our respective states.


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    Re: Financial Planer

    Quote Originally Posted by kingcy View Post
    Why not talk to an insurance salesman, yes they will try to sell you something but they are the experts on insurance. .

    Here is an example, my wife called to transfer her 401k in to an IRA and while on the phone the person said that we were very underinsured and that we should have over a million dollars in life insurance.

    Everything is paid for except the house and no kids. Both of us have similar income. I just think it's crazy to throw out a number like "you should have 1.3 million dollars in life insurance" without knowing the whole situation. Our income isn't a lot so this seems like a crazy amount to me. In summary, I'm clueless when it comes to life insurance.



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    Re: Financial Planer

    Get em, Sheba!



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    Re: Financial Planer

    Quote Originally Posted by dmclone View Post
    Here is an example, my wife called to transfer her 401k in to an IRA and while on the phone the person said that we were very underinsured and that we should have over a million dollars in life insurance.

    Everything is paid for except the house and no kids. Both of us have similar income. I just think it's crazy to throw out a number like "you should have 1.3 million dollars in life insurance" without knowing the whole situation. Our income isn't a lot so this seems like a crazy amount to me. In summary, I'm clueless when it comes to life insurance.
    that is an example of a commission based insurance agent.


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    Re: Financial Planer

    Quote Originally Posted by dmclone View Post
    the person said that we were very underinsured and that we should have over a million dollars in life insurance.

    If you had 20 million in coverage, some maggot selling insurance would tell you that you're under insured.

    Rule #1: don't ever say life insurance. There's no such thing. There is DEATH insurance. You get it in the event of death. That's what it is for. It's not an investment. It's not a magic bean. Your wife should not be more wealthy with you dead than she is with you alive. Term life to pay off the house, pay off debts, cover college, etc. That's it.

    And if she works now, there's no reason she can't work if you die. And if she doesn't work now, there's still no reason she can't work if you die. Your death should not be like hitting Powerball for your wife. And if the insurance salesmen have their way, it will be.



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    Re: Financial Planer

    Bernie Madoff is looking for new clients, not sure that he has a toll free number anymore... Consult family and/or friends and get a referral that has a done a good job...



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    Re: Financial Planer

    Quote Originally Posted by Senolcyc View Post
    If you had 20 million in coverage, some maggot selling insurance would tell you that you're under insured.

    Rule #1: don't ever say life insurance. There's no such thing. There is DEATH insurance. You get it in the event of death. That's what it is for. It's not an investment. It's not a magic bean. Your wife should not be more wealthy with you dead than she is with you alive. Term life to pay off the house, pay off debts, cover college, etc. That's it.

    And if she works now, there's no reason she can't work if you die. And if she doesn't work now, there's still no reason she can't work if you die. Your death should not be like hitting Powerball for your wife. And if the insurance salesmen have their way, it will be.
    agreed.


    “The American people will never knowingly adopt socialism, but under the name of liberalism they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened.”
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  12. #12
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    Re: Financial Planer

    Looking for advice too have a couple people we use but have a little too much cash in money markets not doing too much.



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    Re: Financial Planer

    Go talk to a lawyer, and get them to work on your will. Then ask them about life insurance options, but at your age, you should be thinking 20 year term....


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  14. #14
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    Re: Financial Planer

    Quote Originally Posted by brianhos View Post
    Go talk to a lawyer, and get them to work on your will. Then ask them about life insurance options, but at your age, you should be thinking 20 year term....
    That's what I was thinking (20 year term).



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    Re: Financial Planer

    if you r making a will,use an attorney.they know the laws better than a financial planner..


    doc

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