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there are lots of great uses for whole life when you hold them until death . in fact the only time to ever buy whole life is when you have plans to utilize it until death .
it is way to expensive to use as a product for its cash value .
markets can be iffy , in fact any money invested earlier then 2000 basically hit a brick wall and in 16 years has seen real returns less then 1.80%
there is no guarantee you will ever have enough to meet your goals .
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I bought Vanguard low cost stock ETFs 100% allocation from the 90s to the present time with the company match through dollar cost averaging without doing anything like market timing and despite the declines and volatility from 2000 to 2010, have done what I think is very well. I agree it would be a problem for someone retiring in 2000, but for me to accumulate stocks throughout the 90s to the present time even with the worst decade in history, stock investments have done very well as long as you invest regularly and forget about it. I think Vanguard is the best thing that ever happened for the average stock investor. In my taxable accounts I use the Schwab branded equivalents to Vanguard and I tell everyone else to do the same thing.
the part you are missing is NEW MONEY ADDED AFTER 2000 DID FINE .
OLDER MONEY THAT EXISTED PRE 2000 did not .
older money hit a brick wall from 2000 on as markets have gained less then a 1,80% real return on that older money in stocks
so if you take those that invested in the late 1980's , they had an incredible run up but that growth stopped in 2000 to now in real return for the most part but averages are still looking in the rear view mirror inflating the results .
if you looked at your balance in 2000 and projected out and said i should have this much in 15 years when i retire and went to sleep for 16 years you would be like WHAT THE HECK WHEN YOU LOOKED AGAIN 16 YEARS LATER
so markets may not meet our goals the way we used to count on them to grow money .
high valuations always lead to under performance 8-15 years out . so we are at high valuations and it is incredibly likely that as always , we will have below market returns when you look at your average return 8-10 years out
you have another problem today and that is for any given allocation volatility increased since 2000 .
if you were comfortable with the swings of a 60/40 mix or 50/50 pre 2000 when 2008 came the swings were totally out of character .
that caused many to exceed their pucker factor and bail .
today a 40/60 or 50/50 may be the equal of the old 60/40 in volatility so it does mean investing more conservatively then you would have done prior to 2000's increase in volatility .
more and more as new less complex and cheaper insurance products hit the market more and more are adding them in as another layer of diversification .
sharing a bit of the bond and cash budget with some of these products can add a greater success rate and higher cash flow to your own investing .
eventually i may add in some laddered spia's since my wife is not an investor at heart and she wants that steady pay check coming in every month without cringing every time we fall 20% .
i would never use primerica products though . the deals from vanguard and fidelity are likely far better .
i would shy away from complex variable and indexed annuity's . they are to expensive and to complex despite the offers and claims of guarantees you see .
what they guarantee you as minimum returns or bonus dollars and what you actually can access of that guaranteed money are two different things .
it is usually visable in a sub account for show and looks impressive but you can't really get to most of it , ever
Last edited by mathjak107; 04-08-2016 at 04:09 AM..
And yet again, they have changed the link for a year-specif annual report. What other publicly listed company goes out of its way to make it difficult for the public (potential investors) to track annual reports?
In short Primerica Is Not A Scam. They are in a highly regulated industry. No I am not in the company buy many years ago I was. I just moved my cheese.
They are a MLM IN the investment world...Primerica recruits people to sell its policies, encouraging these new insurance agents to start by selling to family members, friends and co-workers and recruiting them to join the business. Primerica agents also make money based on sales by agents they recruit.. if you have to pay money to work somewhere you may want to look good and hard at why
J.D. POWER RATINGS: GENERALLY BELOW AVERAGE
Primerica ranks among “the rest” — the lowest rating possible — for overall customer satisfaction in research firm J.D. Power’s 2018 U.S. Life Insurance Study. The company had the third-lowest score overall among 23 life insurers evaluated by J.D. Power.
Last edited by mathjak107; 04-21-2019 at 01:53 PM..
I bought Vanguard low cost stock ETFs 100% allocation from the 90s to the present time with the company match through dollar cost averaging without doing anything like market timing and despite the declines and volatility from 2000 to 2010, have done what I think is very well. I agree it would be a problem for someone retiring in 2000, but for me to accumulate stocks throughout the 90s to the present time even with the worst decade in history, stock investments have done very well as long as you invest regularly and forget about it. I think Vanguard is the best thing that ever happened for the average stock investor. In my taxable accounts I use the Schwab branded equivalents to Vanguard and I tell everyone else to do the same thing.
i wont do business with vanguard for quite a few reasons , which i have stated here many times ...
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