Quote:
Originally Posted by Rick Lee
Final expense life insurance is a commodity. Each company is state regulated and will pay if you die within terms of the policy. The variables are price and underwriting. As long as you're healthy and qualify for the best rate in the state and want it, why not take it? It's not like one company's $25k payout is any better than another's.
Ran into a really painful one today. The woman was hard to pin down - either mentally ill or stupid beyond belief. I was starting out from behind when I had to call her to come unlock her front gate. She said she didn't know who I was and might not want to meet. I reminded her who I was and that we had set an appt. less than 24 hrs. ago. She came out, was the nicest lady in the world, invited me in, told me to make myself at home, turned the lights up, offered me water, etc.
She said she had a policy that was 11 or so yrs old, she was paying $109/mo, but didn't know anything else. I called the company and got all the info. She'd had it for seven yrs. and it had a cash value of $2400. I was able to get her the exact same coverage for $42/mo LESS than she was paying and all that $2400 back. COULD NOT CLOSE HER. She said I might be trying to scam her. I told her she was already scammed seven yrs ago and I was trying to fix it and save her a ton of money. And she has a b-day coming up. Her daughter was home, so I asked her to call her daughter into the room. I was sure she was going to kick me out, but she called her daughter in. Daughter was super nice. I explained the situation to her and she looked at her mom and said, "Why aren't you doing this? He's giving you such a better deal. C'mon, Mom." Could not close her. She has to think about it. This is why she's poor.
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I'm not saying that this is what's going on, but this is one of those cases that reminds me of something that I realized years ago.
If you see 2 people you may think something like, "clearly the one on the left is more physically fit and able" because one is muscular and the other very thin. You see people every day whose physical appearance varies radically whether it's attractiveness, fitness, weight, whatever, and that's a very normal thing. The guy that looks like a 90# weakling is not going to be picked first for football, etc....
The variation due to genetics and environment in the functionality of the brain is not any different than those other physical characteristics. The differences are, we don't see your brain, and presumably (since I haven't seen any/many brains) they are look basically the same. So a lot of times, most folks will think "why isn't that person using their head and thinking that through?!?"
The thing is, they probably are, but their brain just doesn't function as well as some of the rest of us.
Brain function is, in my mind, not really any different than hair color, eye color, height, attractiveness, natural athletic ability, etc.... Some folks have it and other folks don't. If you're not tall and you want to be, if you are tall and wish you were shorter, you're pretty screwed (yes, there are some options out there). I suspect that if you're not that smart due to your brain not working as well as the rest of us, you're probably pretty much equally screwed.
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THere are also folks that have brains that function at an average or better level, but due to whatevery circumstances, they don't use their brain.