Quote:
Originally Posted by sugarwood
What the hell is a $2k life insurance policy? Covers cremation?
He's paying $500/year for a $2k life insurance policy ?
$5k for $60 is $700/year. Break even is 7 years.
So, if he dies before 7 years, it was worth it?
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I have customers who didn't go to school and call me to ask how to spell words they need to write on their envelopes to mail in money orders. If you don't deal with this demographic, you wouldn't believe they exist. Even the ones who left school in 8th grade, I would think know how to read. But it can be a challenge. A very good and loyal customer wanted to add coverage a few weeks ago and asked me to add $64/mo and $79/mo for her to make sure she had it right. Then she told me she had inherited a property in downtown Phoenix a while ago, where her deadbeat brother squats. She had no idea how to find out its market value. I asked the address and pulled it up on Zillow. $134k and this is obviously the time to sell. She asked what that kind of money means. She runs the bakery at the local grocery store, pays $896/mo for her apt., both sons incarcerated. There are
MILLIONS like her.