Interviewing Jim Ludwick, Owner of MainStreet Financial
Posted August 14, 2013on:
A few days ago, I interviewed Jim Ludwick using Google+ Hangout On Air (HOA.) This is the first time I’ve interviewed an expert live on air! Feel free to laugh as you watch me stutter and trip over my words left and right.
Jim is the owner of MainStreet Financial, he used to be an agent at NY Life. Now he is a licensed insurance advisor.
I did not waste his appearance and got right down to the nitty gritty. I asked about a client case during the interview. Specifically, this client of mine was talked into 1) buying a universal life insurance inside her defined benefit plan, 2) buying a whole life insurance policy for her young daughter, because “it’s a great investment” according to the agent’s illustration of 8% growth.
I asked Jim three questions:
1. Does it make sense to buy a permanent life insurance inside a retirement plan?
2. Does it make sense to buy a permanent life insurance for a child?
3. Is it reasonable to expect an 8% return from a permanent life insurance policy?
Watch to see how Jim answered these questions.