Triple Nipple asked:


How are Life Insurance Sales Agents doing in the recession?
Real estate agents are hit hard, but what about Life Insurance Sales? I’m talking about independent agents that work for insurance companies and sell life insurance.

carie asked:


Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?

I have tried to do some research on my own, but I still can’t seem to fully understand this matter. Any help will be greatly appreciated!