It is truly sad how many agents and recruiters are completely unaware of the products they are selling.
I was speaking with a new agent via email. It appears this agent has gotten mixed up with World Financial Group. They had informed her that a UL is a wonderful product. For people with 401ks that are about to retire, they can move that money into the UL without penalty. But if someone cashes out their 401k, they will be hit with huge taxes. The UL has interest, although their could be taxes as well.
This is truly sad. I'm sure she misunderstood some, but I'm also sure they pitched this
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I was speaking with a new agent via email. It appears this agent has gotten mixed up with World Financial Group. They had informed her that a UL is a wonderful product. For people with 401ks that are about to retire, they can move that money into the UL without penalty. But if someone cashes out their 401k, they will be hit with huge taxes. The UL has interest, although their could be taxes as well.
This is truly sad. I'm sure she misunderstood some, but I'm also sure they pitched this
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