Having Sold Insurance & My Brother In Panama Owning An Insurance Co.
Let Me Take This A Few Steps Further,. #1... Every Years, Your Mortgage Insurance Premiums Go UP.; And Most People Don't Even Notice It, Because It's Spread Over 12 Months And Included In Your House Payment. ~ GUARANTEED-~ Get Bids, At Least 3, And You'll Immediately Save 25% Or MORE.; I've Even Gotten A Better Price From The Same Company.... Life Insurance (I Don't By It BUT) "Whole Life" Is A Joke !~ It's Sold As Though You'll Build Up A Savings and, When Needed,You Can Draw Funds From Your Savings ~~ YA-RIGHT ! But Here's What Happens: If And When You Need A Few Bucks, You CAN Borrow From It, At A Price ~~ It Becomes A Loan With An Interest Rate Comparable To Any Similar Loan From A Bank, Or Any Other Financial Institution. BUY Term Life ~~ Less Expensive And Expires At A Later Date & Renewable If You Wish. I've Never Purchased Life Insurance & Here's Why: Example ONLY: A 50,000 Policy Costs $90.00 Per Month....You Pay INTO It With Today's Value Of A Dollar....(70 Cents) .. Be The Estimated Date Of Death, 40 - 50- Years Later ~ Your $50,000 Is Worth FAR Less, Simply Due To Depreciation You Dollar May Only Be Worth 40 Cents & May Not Even Be Enough To Bury You. I've Seen It Happen, As Many Of You Have. ~~ And Home Owner Insurance Should Be ILLEGAL.. You Pay Premiums Based On Your THINKING, "If My Refrigerator Stops Working I'll Get A New One" ~~ WRONG ~ Est. You Paid $3,000 For Your Last Refrigerator....With An Expected Life Span Of 20 Years ~ The Condenser Blows Out After 10 Yeats And It's Amortized By 50% ~~ Therefore You Get $1,500. ~~ BUT A New Refrigerator NOW Costs $3,700.00 + OOPS. Normally NOT Worth The Cost Of The Premiums ~ Save The Cash & Buy It Yourself A New One ~~ We MUST Have Auto & Mortgage Insurance, By Law Or Terms Of The Contract ~ WHAT A RIP ~ When Was The Last Time You Used Either?; And When Comparing All The Premiums You've Paid INTO It Over The Years You've Been A Home Owner ~ How Much Were You PAID? ~~ Exactly ~ ALSO Amortized.. But "it's Better To Have It And Not Need It And Not Have It". ~~ BULL SH*T....It's Better YET To NOT Have It And NOT Need It. ~~ But We're Stuck With It Anyway.. LOL....This Is A Warning, Only A Warning. If It Were Real, ~ OH Damn It IS!