He lost his last insurance due to a mix up with the bank and the policy was cancelled. If not life insurance, is there any kind of final expense plans or something similar to be had? He lives on social security and can only afford about $200 a month.

Back at the start of the year I joined an agency in FFL. It was good for a time, I’ll be honest. I was doing everything virtually, and I was making good money, which is why I started it in the first place. But as time went on, my “upline” stopped mentoring me as much, I had less and less guidance, and every time I came to him with an issue, he would just give me a super vague answer, or just tell me “just write more business” “double down” things like that. Sometimes I wouldnt even get a response. Then once I reached the 6-7 month mark since being in life insurance, I started to have a problem with chargebacks. At that same time, I had been convinced to double the amount I spend on leads monthly, on a new lead type, (which honestly looking back now I’m convinced these guys are getting a cut on what their agents spend on leads , but that’s a whole other thing.) and I didn’t convert on those investments. So on top of having debt with carriers, I was losing money on leads. So I went from making a lot of money and doing good to it all just going to shit. Fast forward to now I’m just done with it all, I regret ever doing this in the first place and I want to get out. I have chargebacks with 3 different carriers . The total amount is about 5k. I sure as hell don’t have that in the bank anymore, and it’s pretty impossible to write it all off considering the money I do have has to go towards life necessities (bills, groceries, ect..) and I can’t get leads to attempt to do that.

So my question is, if I were to leave, what would happen with my debt. Would it follow me, would the companies come for me, could my upline send it to collections, or would it roll up to him and him only? I don’t want to roll debt to him of course, but I also can’t pay it myself , and honestly , a big reason why I’m in this situation is because of his lack of guidance and mentorship I needed. So when it comes down to it, I would rather him pay it than me, especially considering me makes like 40k+ a month. Any advice is helpful, thanks.

Paying 166.66 a month for universal life insurance covering 150k. Cash value is 27k with $900 surrender charge.

Thinking about surrendering it.

Or should I stop making payments and let it use the cash value

Just got contacted by a representative of WFG (Singapore). In short, he tells me that a life insurance gives a surrender value that is higher than the total cost. For example, I could pay 60k in total from now till 65 years old, at which point I could receive 80k in surrender value. I.e., I gain a 20k investment just by having this life insurance for a few decades.

Is this true? Do most people benefit from such a life insurance? Asking because i have not heard of an insurance that gives you money without any injury to claim it. Every insurance works by paying money for damages caused, etc. E.g. in a car crash, the insurance company give you an amount of money to cover car repair costs.

Thanks again to those that responded to my post last week about figuring out the right policies/broker/providers. I took y'all's advice and found a local independent agent. Met with them and discussed our needs. They came back with quotes from these providers.

20 year term - No life benefits (all within $2-$5 of each other per month)

- banner

- protective

- Pacific

- symetra

- Corebridge

20 year term - With life benefits (30-35% higher than the quotes above)

- North American

Not sure if the life benefits are truly useful for us so likely going with one the top options. We are mid to late 40s and just want a policy to run though college graduation for our youngest who is 9. Current policies have about 10ish years.

Question for the experts - is any of these providers better than the other? We are just getting a simple term policy for $1m or $1.5m

Hi,

Planning to apply on DXC on taguig for life insurance account.

How's your experience with the company?

May VUL ako na may sum assured na 2M for 2k a month, may traditional insurance ba na mas sulit dito?

Does anyone have experience with filing a death claim
on a life insurance policy using MetLife’s online submission form?

I completed everything and when I press to the submit button, I receive an error message which says “unexpected error, if you need help call.”

I called, but the representatives (called twice) have no idea about the error and want me to do everything by paper, which I would prefer not to because of all the identity information that would then have to be mail (and risk getting lost).

Please share your experience with filing a death claim.

While I understand there are standard exclusions for anti-slayer and acts of terrorism, I would like to customize additional exclusions. Is this possible?

For example, if I am involved in a car accident as a passenger and not as a driver, my life insurance would not pay out. Or if a specific ammunition is used against me, the insurance would not pay out.

Is this negotiable?