The Investment Scientist

Interviewing Jim Ludwick, Owner of MainStreet Financial

Posted on: August 14, 2013

ImageA 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.

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2 Responses to "Interviewing Jim Ludwick, Owner of MainStreet Financial"

I’m impressed, I have to admit. Really rarely do I encounter a blog that’s equally educative and entertaining, and let me tell you, you have strike the claw on the head. Your notion is excellent; the issue is something that not enough folks are speaking wisely about. We are very happy that I stumbled across this kind of in my seek out something relating to this.

You are too easily impressed. 😉

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC. He is also a regular contributor to Morningstar Advisor and Physicians Practice. To explore a long-term wealth advisory relationship, schedule a discovery meeting (phone call) with him.



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