Update Season X - "It's beginning to look a lot like Christmas Vol. I."

[Queen Mum Inks.LWC]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

Actually, I held my actual life, accident, and health license for two years.  I got it in 2006, and let it expire in 2008 without renewing it.  You can call the Oklahoma Insurance Commission and check for yourself.

Inks, Primerica is owned by Citi Group.  They are a legitimate company that sells real life insurance policies and with an extra license, securities.  Their hierarchy is a Regional Vice President, Division Leader, District Leader, Represenative, Unlicensed Representative.  The company is recognized by the Oklahoma Insurance Commission as a legitimate company and my license was just as valid as those from let's say, Farmers or State Farm.  I know quite a bit about finances.  My leaders taught me well.  I am not dumb or naïve on finances.  I have all the right in the world to vote in business meetings.  I am just as competent as the next person.

Did anybody at Primerica ever tell you that everyone should have life insurance, or was that something you came up with?

[Fmr. Pres. Duke]

This sidetrack is pretty much a snoozer. Bushie is going to try to start selling us life insurance if we aren't careful...

[Lief 🗽]

A big life insurance is a good strat move for Bushie's parents, considering his condition.

Yes, this is clearly what's happening. No wonder they keep stuffing him hamburgers and sloppy joes and celebratory steaks.

[Joe Biden 2020]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

Actually, I held my actual life, accident, and health license for two years.  I got it in 2006, and let it expire in 2008 without renewing it.  You can call the Oklahoma Insurance Commission and check for yourself.

Inks, Primerica is owned by Citi Group.  They are a legitimate company that sells real life insurance policies and with an extra license, securities.  Their hierarchy is a Regional Vice President, Division Leader, District Leader, Represenative, Unlicensed Representative.  The company is recognized by the Oklahoma Insurance Commission as a legitimate company and my license was just as valid as those from let's say, Farmers or State Farm.  I know quite a bit about finances.  My leaders taught me well.  I am not dumb or naïve on finances.  I have all the right in the world to vote in business meetings.  I am just as competent as the next person.

Did anybody at Primerica ever tell you that everyone should have life insurance, or was that something you came up with?

'
They told me I should have it.  I think they took one good look at my belly, which was starting to get nice and fat, and said "do it!"

[Joe Biden 2020]

This sidetrack is pretty much a snoozer. Bushie is going to try to start selling us life insurance if we aren't careful...

You don't have to worry about that!  My license expired 5 years ago!

[Joe Biden 2020]

A big life insurance is a good strat move for Bushie's parents, considering his condition.

Yes, this is clearly what's happening. No wonder they keep stuffing him hamburgers and sloppy joes and celebratory steaks.

You think they're trying to cash in? 

[Queen Mum Inks.LWC]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

Actually, I held my actual life, accident, and health license for two years.  I got it in 2006, and let it expire in 2008 without renewing it.  You can call the Oklahoma Insurance Commission and check for yourself.

Inks, Primerica is owned by Citi Group.  They are a legitimate company that sells real life insurance policies and with an extra license, securities.  Their hierarchy is a Regional Vice President, Division Leader, District Leader, Represenative, Unlicensed Representative.  The company is recognized by the Oklahoma Insurance Commission as a legitimate company and my license was just as valid as those from let's say, Farmers or State Farm.  I know quite a bit about finances.  My leaders taught me well.  I am not dumb or naïve on finances.  I have all the right in the world to vote in business meetings.  I am just as competent as the next person.

Did anybody at Primerica ever tell you that everyone should have life insurance, or was that something you came up with?

'
They told me I should have it.  I think they took one good look at my belly, which was starting to get nice and fat, and said "do it!"

At the time, it may have been a good idea.  Back then, it looked like you'd actually have dependents.  I still think $51/month is overpriced, but with your health, if they did a physical, it may be reasonable.

But anybody who ever tells you that everyone should have life insurance is either ignorant of basic financial principles or trying to rip you off.

[Joe Biden 2020]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

Actually, I held my actual life, accident, and health license for two years.  I got it in 2006, and let it expire in 2008 without renewing it.  You can call the Oklahoma Insurance Commission and check for yourself.

Inks, Primerica is owned by Citi Group.  They are a legitimate company that sells real life insurance policies and with an extra license, securities.  Their hierarchy is a Regional Vice President, Division Leader, District Leader, Represenative, Unlicensed Representative.  The company is recognized by the Oklahoma Insurance Commission as a legitimate company and my license was just as valid as those from let's say, Farmers or State Farm.  I know quite a bit about finances.  My leaders taught me well.  I am not dumb or naïve on finances.  I have all the right in the world to vote in business meetings.  I am just as competent as the next person.

Did anybody at Primerica ever tell you that everyone should have life insurance, or was that something you came up with?

'
They told me I should have it.  I think they took one good look at my belly, which was starting to get nice and fat, and said "do it!"

At the time, it may have been a good idea.  Back then, it looked like you'd actually have dependents.  I still think $51/month is overpriced, but with your health, if they did a physical, it may be reasonable.

But anybody who ever tells you that everyone should have life insurance is either ignorant of basic financial principles or trying to rip you off.

Initially, I bought the policy as a $173,000 policy for about $39 a month.  I got an increasing benefit rider on it which adds 10% of the original amount to the policy for 10 years for just a nominal increase in the fee.  I bought it in late 2005, so it has been 8 years which gives actually gives me just under $300,000.  It will go up again in November as that is the month I bought my policy.  If my math is correct in November it will go up to $311,400.  My premium will go up to probably $53 a month.

[Joe Biden 2020]

Well, folks, I need to get ready to go to church.  I will talk to you later on tonight.

[Negusa Nagast 🚀]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

FWIW, I think I recall him saying that he was licensed.

So he's a licensed insurance broker with a bachelor's degree and he still needs to do CADD to find a job better than Subway?

Lovely.

You're giving him too much credit. He wouldn't be able to hold down a job at Subway.

[King]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

FWIW, I think I recall him saying that he was licensed.

So he's a licensed insurance broker with a bachelor's degree and he still needs to do CADD to find a job better than Subway?

Lovely.

You're giving him too much credit. He wouldn't be able to hold down a job at Subway.

You're right.  He'd probably get fired for snacking on ingredients.

[Queen Mum Inks.LWC]

As a real licensed (Bushie wasn't licensed) insurance broker for 31 years, I'm enjoying the words of the lifescam agent, Inks.  Please let him continue.

Actually, I held my actual life, accident, and health license for two years.  I got it in 2006, and let it expire in 2008 without renewing it.  You can call the Oklahoma Insurance Commission and check for yourself.

Inks, Primerica is owned by Citi Group.  They are a legitimate company that sells real life insurance policies and with an extra license, securities.  Their hierarchy is a Regional Vice President, Division Leader, District Leader, Represenative, Unlicensed Representative.  The company is recognized by the Oklahoma Insurance Commission as a legitimate company and my license was just as valid as those from let's say, Farmers or State Farm.  I know quite a bit about finances.  My leaders taught me well.  I am not dumb or naïve on finances.  I have all the right in the world to vote in business meetings.  I am just as competent as the next person.

Did anybody at Primerica ever tell you that everyone should have life insurance, or was that something you came up with?

'
They told me I should have it.  I think they took one good look at my belly, which was starting to get nice and fat, and said "do it!"

At the time, it may have been a good idea.  Back then, it looked like you'd actually have dependents.  I still think $51/month is overpriced, but with your health, if they did a physical, it may be reasonable.

But anybody who ever tells you that everyone should have life insurance is either ignorant of basic financial principles or trying to rip you off.

Initially, I bought the policy as a $173,000 policy for about $39 a month.  I got an increasing benefit rider on it which adds 10% of the original amount to the policy for 10 years for just a nominal increase in the fee.  I bought it in late 2005, so it has been 8 years which gives actually gives me just under $300,000.  It will go up again in November as that is the month I bought my policy.  If my math is correct in November it will go up to $311,400.  My premium will go up to probably $53 a month.

Why on earth do you need $311,400 in life insurance?  Do you even know how long your term is yet?

[MasterJedi]

Jeff is the type of insurance agent that I hate. They sell term insurance, don't explain it to the client and then I, as a CSR, get to deal with the fallout years later when someone calls in complaining how they are paying so much at their age, have no cash value and when they turn 80 they lose all the coverage for all the money they spent.

[King]

Jeff is the type of insurance agent that I hate. They sell term insurance, don't explain it to the client and then I, as a CSR, get to deal with the fallout years later when someone calls in complaining how they are paying so much at their age, have no cash value and when they turn 80 they lose all the coverage for all the money they spent.

I wonder if he ever read the fine print and contract details of the policies that he sold.

[MasterJedi]

Jeff is the type of insurance agent that I hate. They sell term insurance, don't explain it to the client and then I, as a CSR, get to deal with the fallout years later when someone calls in complaining how they are paying so much at their age, have no cash value and when they turn 80 they lose all the coverage for all the money they spent.

I wonder if he ever read the fine print and contract details of the policies that he sold.

They hear the "it's cheaper then whole life" part and block out everything else. Cheaper now, not in the long run, you lose it and then you're done. Now, term is good in some situations, like if you need higher insurance for a particular time, but otherwise I hate the stuff. Too many bad experiences with clients is one reason.

I also do laugh at those that say "buy term and invest the difference".  You know who actually flolows through with that? Almost no one, and then it screws them over even more.

[opebo]

A whole life insurance policy. They make no financial sense, except as a tax dodge for those in high income tax brackets, or subject to estate tax. It is interesting how each industry seems to have their own little tax dodge, that their lobbyists keep in place. The tax dodge here is that the interest earned on the cash surrender value is not subject to tax (well interest earned on a number high than the CSV, because the CSV is kept artificially low, so that you have a financial incentive not to cancel), and the proceeds of the policy can be excluded from the estate, if the premiums are paid technically by the beneficiaries through tax exempt gifts.

When it comes to financial products, their design, and how they are sold to those who don't have a prayer of understanding them, but who are subject to taking imprudent risks out of greed and the need to believe, that particular place is the real bad place, not St. Louis. It's a cesspool. In my world, we call it financial pornography.

Dude, I call the United States of America as a whole 'The Bad Place', not St. Louis (a place which is certainly not unusually bad compared to other parts of the Bad Place).  When that policy was purchased - in the late 1960s - my father was making money so quickly and easily I'm sure he hardly noticed the expense.  And all because of demand-push unionized inflationary Keynesian economics.  So, while I thank dad for that kind thought, I really thank Keynes and LBJ for making it possible.

[Joe Biden 2020]

Changing subjects, but I should end up with about 1,550 calories today.  My dinner was one serving of chicken and rice casserole, green beans, roll, and one piece of chocolate cake for dessert.

[Starbucks Union Thug HokeyPuck]

Well, folks, I need to get ready to go to church.  I will talk to you later on tonight.

How many times a week do you go to church?!

[Joe Biden 2020]

Twice on Sunday and once on Wednesday.

[opebo]

Twice on Sunday and once on Wednesday.

So... less often than you briefly relax?  I'm scandalized.

[Mr. Morden]

At a 35% chance of death in his 30 years after purchasing a 30-term life insurance policy, if you ignore inflation and potential gains from investment (the former assumption is faulty but the latter is not, considering who we're talking about), he should actually be willing to pay anything under $194/month for a $200,000 policy.

Ah, but I bet in Bushie's estimation, a large fraction of that 35% comes from the possibility that the End Times come within the next 30 years, in which case the insurance company would cease to exist, and not be able to pay anything out to his parents.

[Fmr. Pres. Duke]

Changing subjects, but I should end up with about 1,550 calories today.  My dinner was one serving of chicken and rice casserole, green beans, roll, and one piece of chocolate cake for dessert.

What did you eat for lunch? Why are you eating chocolate cake when your family is diabetic? I must know!

[Grumpier Than Uncle Joe]

Changing subjects, but I should end up with about 1,550 calories today.  My dinner was one serving of chicken and rice casserole, green beans, roll, and one piece of chocolate cake for dessert.

What did you eat for lunch? Why are you eating chocolate cake when your family is diabetic? I must know!

They laugh at diabetes. See my signature. And his licensing was a sham. Trust me Bushie didn't do the work required.  They arranged it for him. 

[Torie]

A whole life insurance policy. They make no financial sense, except as a tax dodge for those in high income tax brackets, or subject to estate tax. It is interesting how each industry seems to have their own little tax dodge, that their lobbyists keep in place. The tax dodge here is that the interest earned on the cash surrender value is not subject to tax (well interest earned on a number high than the CSV, because the CSV is kept artificially low, so that you have a financial incentive not to cancel), and the proceeds of the policy can be excluded from the estate, if the premiums are paid technically by the beneficiaries through tax exempt gifts.

When it comes to financial products, their design, and how they are sold to those who don't have a prayer of understanding them, but who are subject to taking imprudent risks out of greed and the need to believe, that particular place is the real bad place, not St. Louis. It's a cesspool. In my world, we call it financial pornography.

Dude, I call the United States of America as a whole 'The Bad Place', not St. Louis (a place which is certainly not unusually bad compared to other parts of the Bad Place).  When that policy was purchased - in the late 1960s - my father was making money so quickly and easily I'm sure he hardly noticed the expense.  And all because of demand-push unionized inflationary Keynesian economics.  So, while I thank dad for that kind thought, I really thank Keynes and LBJ for making it possible.

I am most impressed that you so skillfully segued from financial pornography to the matter of the perimeters of Mordor to a gushing paean to Keynesian economics, all in just one pithy little paragraph. It is interesting that immediately following that so called glorious economic era as to which you tender such encomiums, the US went into the economic dumps until The Gipper came riding in on his white horse (with in real dollar terms the worst performance of both bonds and equities in US history, and that includes the Great Depression). You actually in real dollar terms from say 1966 to 1982 would have lost money. Why did it all fall apart? Well another time perhaps. I did not mean this to segue, to use that word again, into the heavy lifting of the mysteries of macro-economics. And it's Miller Time to boot here on the Gold Coast, where seemingly everyone has fancy cars but me, and everyone including me of a certain age has had a face life, where gyms are more common than churches, and fats live in other zip codes.

[King]

Green beans? Are you feeling okay Bushie?