I think our company is a straight up scam. These insurance policies and investments cr-p we do sc--ws over our clients.
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@33t+1jj0rv8mv
The model advisor might have previously worked in an Indian grocery store. During the hiring process, the team likely felt that this experience could easily translate to selling insurance. Someone suggested he claim 25+ yrs of exp. in selling permanent & term life products. And of course, the quality of our products developed in franklin little India village is equivalent to the quality of imported pappad and tamarind.
Raghu. Used to hang out with the pharma CIO NS.
Is the paradesi a 2018 NM laid off alumni? But profile mentions 25+ yrs exp. In the field. F_ck lives with bharat mindset. Sought of bully to force ppl to buy the product. Better take a flight back home and become a LIC agent.
Can someone throw some light on the investment experience you had at NM?
Who is that advisor?
Permanent life insurance is very expensive because it is guaranteed to pay out eventually and doesn't always make sense unless you are young and can lock in a low rate. I got policies for my kids so they can take them over when they grow up and by then the dividends would cover most of the premium. Sounds like this advisor is just desperate to get a commission, these tacky salesmen types give the whole industry a bad reputation. For someone who wants life insurance but cant afford a permanent policy getting a short term policy for a fraction of the cost is totally fine
The gentleman suggested me to take a permanent life insurance contract with a premium equal to my biweekly pay for one month. I inquired about the benefits of the plan, but he didn't provide that information. Instead, he asked for my reporting manager's name and questioned how I didn't know these information while working for an insurance company. I felt humiliated by his remark that I declined his next meeting.
Not sure what criteria f_rb_s use to rank the best advisor, feels like some kind of PR miracle.
The indian advisor guy, shown as the model in the company website does a pathetic job. He has a very misleading team.
I have had multiple NM permanent life insurance policies for over 20 years and the cash value is far higher than what I have paid in premiums. Long term it is a pretty powerful instrument since you can just borrow against them as needed. Sure I could have made more in the stock market but it was nice to see the stability through the 2008-2012 nightmare recession
That sounds promising! Thanks for the quick info!
@2cq+1jj0rv8mv Annex Wealth Management, there's an office in the Pfister and it's a flat 1% fee.
Can someone recommend good investment companies or advisors that are transparent with their fees and don't have hidden charges? I have some funds to invest. NM advisors are eager to assist me, but I prefer a different one because I’m not comfortable taking on additional financial risk/cost.
I really need info. soon...thanks!
Nor the clients. I got bamboozled by a FR when I was hired 10 years ago and bought a whole life policy. In retrospect it was a terrible purchase that’s costly to get out of, I should’ve bought a term policy at a competitor. At least the FR couldn’t persuade me to open a brokerage account, even back then each trade was $50!! Not to mention all of the other fees and commissions. It’s hard to believe so many invest with NM, the fees are outrageous compared to the competition for mediocre results. One other thing, once the FR realizes no more commissions can be made off you you’ll never hear from them again. (actually that’s a good thing lol)
Do you expect it to be any different? If so, you are fools. NM is there to mke money. HR is there to assist leadership goals. No one cares about the little employee.
No transparency in product pricing/hidden cost/offering.
No transparency in hiring/DEI hiring/offshoring/h1b.
No transparency in RIF/Warn notices/layoffs.
A "Rabbit Hole" having a mission of operating under low cost & availing all tax credits for own benefit.
Quit if your values don't align with the company. Life is too short for such regrets.
Can’t imagine working for a company with that mindset. Best case scenario you don’t understand what we do.
Agreed. NM charges $50 for an equity trade. Not sure how that's beneficial for clients. Especially when many other places offer free trades.
Yes, how else do we make money? Fu-k them clients.