Tag Archives: life insurance

Financial Advisor: Not This One

My first financial advisor discussions have ended with a quiet crash and burn. The Bogleheads’ Guide to Retirement Planning warned me about commission-based folks. I listened to them and then called him on some junk.

Jackie, sitting in our PS3 shipping box.We met yesterday to catch up on some of the things we talked about the first time, such as pre-tax vs. post-tax investments, “real wealth” vs. “paper wealth”, etc.

Showstopper: he was trying to sell me insurance.

Lousy insurance at that.

His ideas of safe, “real wealth”, tax-protected investments were whole life and variable universal life insurance. Which he’d get a commision on for selling me.

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Shenanigans with an insurance salesperson

So I’m trying to get life insurance. Just 20-year level term life insurance. It’s supposed to be cheap and easy to get.

Some of the big dogs won’t do online quotes, New York Life in particular. So I agreed to meet with a local agent yesterday morning and let him talk at me over coffee. Yes, coffee, which I don’t go for often. Luckily, it was at Panera Bread, so the coffee was pretty good, although a little aged.

We go through the usual rigmarole of “Oh, you used to be a teacher? So did I!” After the meeting, I think I knew pretty well why he ultimately left teaching, if I may be catty.

Mmm, blog. Yes, I can be catty. Tasty.

I knew insurance is a sleazy business, and this guy certainly isn’t the worst I could imagine dealing with, but it was still hilariously smarmy.
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