Comments for Latest Insurance News and Press Release http://www.writeot.com Latest news, comment and advice on insurance from the WriteOT , the world's leading liberal voice Thu, 11 Mar 2010 01:37:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products by Anonymous http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html/comment-page-1#comment-64 Anonymous Thu, 11 Mar 2010 01:37:41 +0000 http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html#comment-64 If you're looking for an objective presentation of life insurance choices, this is NOT the book. This is biased towards Variable Univeral Life. I'm returning this book. Rating: 2 / 5 If you’re looking for an objective presentation of life insurance choices, this is NOT the book. This is biased towards Variable Univeral Life. I’m returning this book.
Rating: 2 / 5

]]> Comment on New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products by Anonymous http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html/comment-page-1#comment-63 Anonymous Thu, 11 Mar 2010 00:56:01 +0000 http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html#comment-63 Although Mr. Baldwin did a nice job explaining the various insurance products, he came across as too much of a salesman.<p>I also found a portion of what he said to be misleading. He talks about how if a person is happy paying their premiums (and expenses) with after-tax dollars, then term insurance is good for them. He then states that by using a VUL product, a person can pay their fees with before-tax dollars. This is misleading in that the premium you pay to the insurance company IS AFTER TAX!<p>The best thing to keep in mind while reading this book is that Ben Baldwin is an insurance salesman! Rating: 2 / 5 Although Mr. Baldwin did a nice job explaining the various insurance products, he came across as too much of a salesman.

I also found a portion of what he said to be misleading. He talks about how if a person is happy paying their premiums (and expenses) with after-tax dollars, then term insurance is good for them. He then states that by using a VUL product, a person can pay their fees with before-tax dollars. This is misleading in that the premium you pay to the insurance company IS AFTER TAX!

The best thing to keep in mind while reading this book is that Ben Baldwin is an insurance salesman!
Rating: 2 / 5

]]> Comment on New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products by Anonymous http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html/comment-page-1#comment-62 Anonymous Wed, 10 Mar 2010 23:59:03 +0000 http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html#comment-62 I think it is a very detailed, organized, and thought out sales pitch for variable universal life insurance (VUL). I came to the conclusion that the product could be useful some a few people with long term need for life insurance, a higher tax bracket, probable estate tax liabilities, and success at finding a policy with low fees. There are a lot of fees associated with the VUL policies which this book primarily pushes. Good investment performance would also be needed. I came to the conclusion that VUL would only make since for me if estate taxes would be an issue 30 to 40 years from now. Otherwise the buy term and invest the rest strategy would probably win out. He made a strong pitch for buying through an insurance professional (his profession), but it is my opinion that this would result in excess fees which would off-set much of the tax advantages. In my case I would already need to pay a for the preparation of the life insurance trust to give me the estate benefit I wanted. He also proposed that VUL was a much better choice than a non-deductible IRA (book was written pre-Roth IRA) because of all the trouble or cost for the paperwork required by non-deductible IRAs. Seemed to me there was as much paperwork involved with VUL, although much of it may be prepared by the insurance company. They should do something for those fees. It was a well written book and read well. Easier to put down though than it is to get an insurance salesman out of you living room. Rating: 2 / 5 I think it is a very detailed, organized, and thought out sales pitch for variable universal life insurance (VUL). I came to the conclusion that the product could be useful some a few people with long term need for life insurance, a higher tax bracket, probable estate tax liabilities, and success at finding a policy with low fees. There are a lot of fees associated with the VUL policies which this book primarily pushes. Good investment performance would also be needed. I came to the conclusion that VUL would only make since for me if estate taxes would be an issue 30 to 40 years from now. Otherwise the buy term and invest the rest strategy would probably win out. He made a strong pitch for buying through an insurance professional (his profession), but it is my opinion that this would result in excess fees which would off-set much of the tax advantages. In my case I would already need to pay a for the preparation of the life insurance trust to give me the estate benefit I wanted. He also proposed that VUL was a much better choice than a non-deductible IRA (book was written pre-Roth IRA) because of all the trouble or cost for the paperwork required by non-deductible IRAs. Seemed to me there was as much paperwork involved with VUL, although much of it may be prepared by the insurance company. They should do something for those fees. It was a well written book and read well. Easier to put down though than it is to get an insurance salesman out of you living room.
Rating: 2 / 5

]]> Comment on New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products by Dad of a Wiggle fan http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html/comment-page-1#comment-61 Dad of a Wiggle fan Wed, 10 Mar 2010 21:07:04 +0000 http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html#comment-61 Run _don't walk_ away from people who want to sell you a VUL. There is a reason the WSJ and every one else in the insurance industry slammed this investment product: it is detrimental to anyone's ability to create wealth. In this case the old rule still applies- buy a level term policy and invest the rest of the money you would be saving in a mutual fund with better performance and flexibility than a VUL! I also recommend that you read The New Rules of Money. Rating: 1 / 5 Run _don’t walk_ away from people who want to sell you a VUL. There is a reason the WSJ and every one else in the insurance industry slammed this investment product: it is detrimental to anyone’s ability to create wealth. In this case the old rule still applies- buy a level term policy and invest the rest of the money you would be saving in a mutual fund with better performance and flexibility than a VUL! I also recommend that you read The New Rules of Money.
Rating: 1 / 5

]]> Comment on New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products by Patrick Harris http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html/comment-page-1#comment-60 Patrick Harris Wed, 10 Mar 2010 20:23:58 +0000 http://www.writeot.com/new-life-insurance-investment-advisor-achieving-financial-security-for-you-and-your-family-through-todays-insurance-products.html#comment-60 Most people feel guilty about lack of savings, too little life insurance protection, and too much debt. Here comes a book that promises to help people understand cash value life insurance once and for all. However this book is more complicated than the life insurance policies themselves. The cash value life insurance policies, written by attorneys, are confusing to most people to the point that people have no real idea as to what exactly they agreed to. This book makes the situation even worse. <br /> <br />Everyone needs a plan to get out of debt, a term life insurance policy if other people/kids are depending on their income, and a wealth building strategy that includes a diversified stock mutual fund portfoilio if you want to avoid working the rest of your life or retiring broke. After you fund your emergency fund, you should fully fund your Roth IRA if qualified in your portfolio. Your Roth IRA will provide Tax-Free income to you in retirement. Cash value life insurance is the most expensive investment vehicle ever and will never be able to provide tax free money for retirement. Then fund your 401k especially if your company matches. Any investment advisor that advises against any of the previous strategies probably wants to make a fortune selling you incomprehensible, expensive and inappropriate cash value life insurance. A good financial advisor is out there just call around. Rating: 1 / 5 Most people feel guilty about lack of savings, too little life insurance protection, and too much debt. Here comes a book that promises to help people understand cash value life insurance once and for all. However this book is more complicated than the life insurance policies themselves. The cash value life insurance policies, written by attorneys, are confusing to most people to the point that people have no real idea as to what exactly they agreed to. This book makes the situation even worse.

Everyone needs a plan to get out of debt, a term life insurance policy if other people/kids are depending on their income, and a wealth building strategy that includes a diversified stock mutual fund portfoilio if you want to avoid working the rest of your life or retiring broke. After you fund your emergency fund, you should fully fund your Roth IRA if qualified in your portfolio. Your Roth IRA will provide Tax-Free income to you in retirement. Cash value life insurance is the most expensive investment vehicle ever and will never be able to provide tax free money for retirement. Then fund your 401k especially if your company matches. Any investment advisor that advises against any of the previous strategies probably wants to make a fortune selling you incomprehensible, expensive and inappropriate cash value life insurance. A good financial advisor is out there just call around.
Rating: 1 / 5

]]> Comment on Workbook for Insurance Handbook for the Medical Office by Dottie Taylor http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html/comment-page-1#comment-59 Dottie Taylor Wed, 10 Mar 2010 01:29:15 +0000 http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html#comment-59 This book will put you to sleep. The text book has some important information however the writing is just awful. <br /> <br />The same information can be found by other authors in a much more readable format. <br />It is not clear and concise the book needs less abbreviations and should be written with a better structural frame. <br />Medical billing can be confusing after reading this book.If you are interested in being a Medical Biller you need to understand what you read...this book will only confuse you. Rating: 1 / 5 This book will put you to sleep. The text book has some important information however the writing is just awful.

The same information can be found by other authors in a much more readable format.

It is not clear and concise the book needs less abbreviations and should be written with a better structural frame.

Medical billing can be confusing after reading this book.If you are interested in being a Medical Biller you need to understand what you read…this book will only confuse you.
Rating: 1 / 5

]]> Comment on Workbook for Insurance Handbook for the Medical Office by Ness_Lupin http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html/comment-page-1#comment-58 Ness_Lupin Wed, 10 Mar 2010 00:50:07 +0000 http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html#comment-58 I am in college and majoring in Medical reception, and our school uses all of Marilyn T. Fordney's books for every class in the Allied Health program. <br /> <br />I DO NOT RECOMMEND ANY OF THESE BOOKS as Ms. Fordney is very inconsistent and contradictory. She'll say one thing in one book, then in another book state the opposite. I failed two classes because I was using two of her books at the same time (one for one class, one for the other) and they directly canceled each other out. For example, one book stated that a "debit" was a withdrawal from a bank account and the other book stated that a "debit" was a deposit into a bank account. <br /> <br />The only thing these books are good for is keeping the fire in your grill going. <br /> <br />~Ness Rating: 1 / 5 I am in college and majoring in Medical reception, and our school uses all of Marilyn T. Fordney’s books for every class in the Allied Health program.

I DO NOT RECOMMEND ANY OF THESE BOOKS as Ms. Fordney is very inconsistent and contradictory. She’ll say one thing in one book, then in another book state the opposite. I failed two classes because I was using two of her books at the same time (one for one class, one for the other) and they directly canceled each other out. For example, one book stated that a “debit” was a withdrawal from a bank account and the other book stated that a “debit” was a deposit into a bank account.

The only thing these books are good for is keeping the fire in your grill going.

~Ness
Rating: 1 / 5

]]> Comment on Workbook for Insurance Handbook for the Medical Office by Ana C. Schonholtz http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html/comment-page-1#comment-57 Ana C. Schonholtz Tue, 09 Mar 2010 22:54:46 +0000 http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html#comment-57 This book gives you a great way to study all the vocabulary. I am still using this book for my class and it helps me a lot to review concepts. Rating: 5 / 5 This book gives you a great way to study all the vocabulary. I am still using this book for my class and it helps me a lot to review concepts.
Rating: 5 / 5

]]> Comment on Workbook for Insurance Handbook for the Medical Office by M. Morreale http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html/comment-page-1#comment-56 M. Morreale Tue, 09 Mar 2010 22:19:44 +0000 http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html#comment-56 Great workbook to use along with the Insurance Handbook textbook. Really helped re-enforce what I was learning. Rating: 4 / 5 Great workbook to use along with the Insurance Handbook textbook. Really helped re-enforce what I was learning.
Rating: 4 / 5

]]> Comment on Workbook for Insurance Handbook for the Medical Office by syeda http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html/comment-page-1#comment-55 syeda Tue, 09 Mar 2010 19:37:43 +0000 http://www.writeot.com/workbook-for-insurance-handbook-for-the-medical-office.html#comment-55 Workbook forWorkbook for Insurance Handbook for the Medical Office <br /> <br />This book is about how to deal with Patients record, how to use the computers in medical office, and billing the patinets etc. <br /> Before buying this book the important thing to keep in mind is that its work book and you cant use if its used and teachers wont accept it. So if its used ASK the SELLER all the pages are in their or no. <br /> Thnaks Rating: 4 / 5 Workbook forWorkbook for Insurance Handbook for the Medical Office

This book is about how to deal with Patients record, how to use the computers in medical office, and billing the patinets etc.

Before buying this book the important thing to keep in mind is that its work book and you cant use if its used and teachers wont accept it. So if its used ASK the SELLER all the pages are in their or no.

Thnaks
Rating: 4 / 5

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