by Guest » Mon Jan 04, 2010 06:52 am
I'm currently studying for my health and life insurance licensing exams. At the same time, I'm curious to know if the economic recession has affected your performance as a life insurance agent.
Posted: Sat Jan 16, 2010 12:21 am Post Subject:
It's tough to see how 151A is anything other than a power grab.
Since there is no investment risk involved with indexed annuities, they are not securities. When one invests in an indexed annuity, none of their money is in the market. The insurance company may choose to hedge their own risk by putting money in the market. However, this is also true with fixed annuities.
One can make a valid complaint that there are some unethical EIA salespeople. However, it's not as if FINRA has shown themselves to be better regulators than the state insurance commissioners.
(I don't sell EIAs.)
Posted: Sat Jan 16, 2010 03:08 pm Post Subject:
We know GUEST 1 you sell accident insurance over the phone with Liveops, you have said it many times. You are not a professional, you are a phone operator. Know it makes sense why you are not a registered member. I myself am an electrical engineer and have been reading your board for about 6 months now. My father and his father were both insurance agents and it has always interested me but I never had the ####s to be a commission only salesman. For those of you who are professionals, I tip my hat.
Posted: Sun Jan 17, 2010 12:52 am Post Subject:
Thanks, 'bout time someone showed some respect ;)
Your father and grandfather are good people, but you already knew that.
Posted: Sun Jan 17, 2010 03:02 am Post Subject:
Your welcome BNTRS, however I disagree with your comments on indexed annuities. I own 3. When the market tanked this last year, I did not lose a penny and as it went back up this last year. I rode the wave up. I have recieved over a 15 - 18% gain on all three of my annuities. I own Midland National, North American, and RBC. I use the monthly point to point strategy and have done quite well with all three. I am very happy with my returns. I also have a portfolio with Fidelity and I am not quite back to where i was before the market crashed. Another thing, I do not agree with indexed annuities becoming securities with 151A. Indexed annuities pass the Howey test.
Posted: Sun Jan 17, 2010 02:55 pm Post Subject:
Romulan,
I don't sell accident insurance over the phone and I have no idea who or what is liveops.
Posted: Sun Jan 17, 2010 03:54 pm Post Subject:
Right!!!! Whatever you say. You are also the one who posted and I quote. "I just Farted" in several threads. Get a life and stop posting your childish posts in this forum.
Posted: Sun Jan 17, 2010 06:41 pm Post Subject:
I just farted.
Posted: Sun Jan 17, 2010 06:44 pm Post Subject:
Romulan, it looks like it was you who just posted, "I just farted." (I posted it on your behalf.) I'm just showing you that the same name doesn't equal the same person.
Posted: Sun Jan 17, 2010 07:31 pm Post Subject:
Yeah real class! The problem is Guest 1, is that you have shown your inaccuracies and your intelligence all too often. You are a real piece of work. And I do mean "Piece". My father and Grandfather looked down on agents like you. The considered you the scum of the earth.
Posted: Sun Jan 17, 2010 08:57 pm Post Subject:
I apologize to Guest 1. I now see my mistake and realize that there are multiple people posting under the same name.
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