Tuesday, February 06, 2007

More Money Talk

Went back to the financial planners today. Topic of discussion was Variable Universal Life Insurance. Anyone know anything about it or have any personal experience?

3 comments:

Randi@SowderingAbout said...

not a one, all i know is that matt and i used AAA insurance for our life. its like 8 bucks a month for both of us and its enough to cover the house and a few big bills if either of us die. Also after i think 15 years if we never cash in, we can either cancel it and get all our money back, or roll it over to a different kind of policy. its wonderful

Anonymous said...

Umm...two comments...

First, I have been meaning to tell this to you for a while: I found a non-black Keshia and she kind of looks like you. She's a movie star and she's Maori (aboriginal from New Zealand). Here: http://www.keishacastlehughes.com/

Second, financial planners have fiduciary duties and they are not allowed to push an investment that is inappropriate for you. If you think these guys are doing just that, you can file a complaint with the Securities Division of the State of Nevada, possibly the SEC or some self-regulatory body. My ex bf does financial planning for Citibank in Cali and was telling me about this. I have another friend doing financial planning with Ameriprise in Baltimore. Don't know anyone good locally....you should investigate your planner's licensing. I can put you in touch with my ex bf, he probably can't work with you but he can tell you what to look for in a financial planner.

Anonymous said...

Oh, so I want to update my previous post. My ex bf is a Nevada-licensed broker-dealer. He has a whole array of products that an insurance salesman would not be able to offer you. Anyway, long story short, if you want his info, you know where to find me. I can also look up the licensing on any financial advisor if you need me to. For free. Benefit of being friends with a securities nerd.