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Rita Said:

Australians, what is your stance on life insurance ads.?

We Answered:

Here's the company that is advertising. http://www.reallifeinsurance.com.au/ and yes their ad's give me the Sh*ts also , they even sound false as if they are reading it from a card. I wonder if they have the insurance they are trying to sell.

Christy Said:

Australians, do you think that the current BOMBARDMENT of LIFE INSURANCE ads is MORALLY WRONG!?

We Answered:

they are helpful but i dont see why we need so goddamn many of them i swear i cant watch a tv show these days without seeing one

Dan Said:

What is life insurance?

We Answered:

The problem with life insurance is that people don't fully understand it, so they believe everything the life insurance agent says.

Life insurance is suppose to be use as a protection of income, not as a tool to use for future goals. Reason why many life insurance companies sell cash value products is because they are more profitable than to selling term.

The problem with cash value is that when you die, your beneficiary will get the death benefit, but not the cash value. If you live to age 98, you are no longer covered, but you get the cash value. How many people do you know that actually live to age 98? Of those people at age 98 or above, how many are actually sane enough to know they even had life insurance in the first place?

You are correct that investments should be kept separate from life insurance, but the insurance agent is not going to show the client why it should be kept separate. Buying term and investing the difference is the most cost effective thing a person can do. Check out this blog about the cost between term and whole life: http://obe231.blogspot.com

When people read that blog, buying term and investing the difference would make more sense.