I am a VUL junkie

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Aug 25, 2006 3:40 pm

Commissions pay me very well.   I don't sell VULs to everyone.  If they are not a candidate for VULs, I move on to the next guy.  Is there anything particularly wrong with 100% of my compensation coming from commissions? 

Aug 25, 2006 3:48 pm

Jimmy,


Are you insecure?

Aug 25, 2006 3:49 pm

Jimmy,


Do you work for Ameriprise?


Aug 25, 2006 4:44 pm

I'm short and overweight. 

Aug 25, 2006 4:54 pm

I'm with Primerica. 


hehe

Aug 25, 2006 5:55 pm

I'd recommend transitioning to Variable Annuities to help with the withdrawal symptoms, they still pay pretty decent and aren't quite the scam that VUL polies are. 


You still may break into cold sweats and have to deal with some nausea though.

Aug 25, 2006 6:27 pm
JimmytheRocker:

Commissions pay me very well.   I don't sell VULs to everyone.  If they are not a candidate for VULs, I move on to the next guy.  Is there anything particularly wrong with 100% of my compensation coming from commissions? 



Nope.

Aug 26, 2006 8:41 am

If you are only selling one product then you are missing the bigger boat...these people obviously have other needs that you could be taking care of.

Aug 26, 2006 8:48 am
peanutbroker:

If you are only selling one product then you are missing the bigger boat...these people obviously have other needs that you could be taking care of.


So generalists make more than specialists? Why is my income so much higher since I decided to specialize, as opposed to doing all sorts of things for all sorts of people? Sounds like I've found your "bigger boat", don't it?

Aug 26, 2006 6:30 pm
JimmytheRocker:

I'm with Primerica. 


hehe



Primerica is offering VUL! What happened to buy term and invest the rest.

Aug 26, 2006 7:38 pm

I guess it depends on where you live, some places you would starve if you did just one thing. In my area, I cannot do just one thing, not enough people vs the number of people competing. A friend of mine just does estate planning in a large metro area, and kills it. He is known as an area specialist. Sorry, jumped the gun.