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Bradley Said:

how much money "commission-wise" would an insurance broker make if I bought an $8 million dollar life policy?

We Answered:

Commission is base on how much premiums you pay annually.
life insurance agent only get paid once per sale. Premium is base on how old you are, how healthy you are, do you smoke?, do you have any medical disease or problems?, family medical history, your height, your weight, and finally, what kind of life product are you buying (does it has cash value or is it strictly term?)

Don't be surprise if he/she comes back to you to sell you another policy.

Bonnie Said:

Are there any whole life insurance / Roth IRA options similar to Colorado Banking?

We Answered:

Woah. Sound like you are being rip off. I don't know how much you are spending on the whole life insurance, but I bet you are spending at least $100 on it. And what interest rate are you getting on your IRA?

I have a 20 year term policy with $500k coverage at age 30 and spend only $30/month on it. I also put in $400/month into a Roth IRA and with an average rate of return of 10% over the 20 year period, I would have about $306,278,

But if I was in your situation and invested difference of $120/month for the next 20 years with a rate of return of 10%, I would have $91,883. In 45 years, I would have $1.2 million. Or if at the end of the term, I increase my contribution from $120 to $150/month and continue to invest for the next 25 years, I would have about $1.3 million. Yes I know 10% is not guaranteed, but with the mutual funds I seen and currently have, they have average out 10%-14% during the last 25 years (even with the recession we are in right now!)

Are you sure you still want to do business with that bank?

By the way, I have life insurance and my investments at Primerica Financial Services. You should check them out. If you don't like the company, at least get a financial needs analysis which is a helpful financial guide to help you reach your financial goals. They do it for free.

Ernest Said:

how can i become life insurance broker?

We Answered:

Need to get a company to sponser you and get your license for life and health.

Charlie Said:

Can someone recommend a life settlement broker or a life settlement company to me?

We Answered:

I'd like to direct you to my blog at http://www.LifeSettlementBrokerCompany.b… We are life settlement brokers. Our company is a licensed life settlement brokerage. As a licensed broker, it is our responsibility to negotiate with licensed funding providers to obtain the absolute highest offers available for each and every client.

* Only 1 Application is required to receive multiple offers from the top funding sources in the industry!
* We represent the best interests of the Policy Owner and Insured during the entire life insurance settlement transaction. It is our obligation to obtain the highest offer for our clients.
* There are never any fees to apply and there is absolutely no obligation to accept an offer from any of our funding sources.
* It is our goal to provide a quick, professional and hassle–free settlement process.
* All personal information obtained during the application process is strictly confidential.


Feel free to contact me for free information in regard to getting a life insurance settlement quote.

Stephen Said:

ARE the proceeds from the sale of a Life Insurance policy through a broker such as Quantum Life, taxable?

We Answered:

If the policy is surrendered before death for cash, the amount over and above premiums paid is taxable. The amount that the original insurance company would pay is ordinary income. The amount above that amount that *another* party would pay (the Life Settlement Industry) is long term capital gain.

The IRS issued rulings earlier this year. 2009-13 and 2009-14

Nathaniel Said:

Can a person be denied for a life insurance just because a of past drug addiction?

We Answered:

there is a much lower rate of recidivism (relapse) once you get five years clean. many insurance carriers know this and take it into account. i suggest you keep staying clean (good for you btw) and be able document the fact that you have been clean that long. then take another run at getting insurance.