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  • notadoc
    replied
    One other question;

    Have you ever heard of The White Coat Investor?

     

    PS  Do this after eating the meal.

    Leave a comment:


  • MDHubby
    replied




    Avoid NWM like the plague.

    If for some reason you do go to the meeting, you might want to offer the following questions:

    1. What’s a fiduciary?
    2. Are you a fiduciary?
    3. How do get paid?
    4. Why am I still at this meeting?
    Click to expand...


    :lol: Part of me wants to print this out and just keep it in my stack of papers I bring to the meeting to see if he catches a glimpse.

    Leave a comment:


  • Hank
    replied
    Avoid NWM like the plague.

    If for some reason you do go to the meeting, you might want to offer the following questions:

    1. What's a fiduciary?
    2. Are you a fiduciary?
    3. How do get paid?
    4. Why am I still at this meeting?

    Leave a comment:


  • MDHubby
    replied




    Even with disability insurance,you want a company with true own occ.

    I can’t think of a reason why you want the relationship. You will constantly need to fend off sales of things you shouldn’t purchase.
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    Thanks for the follow up. My only hesitation in cancelling the meeting outright is (or perhaps was) to discuss student loan payoff strategies. He suggested a RePAYE with Federal interest subsidy, which at the time I wasn't aware of. After doing some research we may want to just bite the bullet and pay down the loan ASAP. I created a thread for this here, so I won't rehash it.

    I think it also will give my wife some amount of peace of mind, so we're not making loan payoff and retirement decisions based on "stuff I read in this online forum." Nevertheless, I don't expect NWM will get a $ of ours, and we'll be pursuing DI for her on our own.

    Leave a comment:


  • MDHubby
    replied
    My wife's residency program offers up free advising from NWM for the duration of residency. We met with him once and I felt like he had some good boilerplate information, especially for my wife who has never really thought about retirement, but he was also teeing himself up for the big WL pitch. "Term life is like renting a house, Whole life is like buying one" he says. I fortunately got a copy of WCI and have since educated myself.

    I have another meeting with him next week. Armed with what I've learned I am returning to see if the relationship is worthwhile, even at no cost to us. Suffice to say, I'm glad I found the book/website/forum to keep me from being sold something I don't want or need.

    Leave a comment:


  • wideopenspaces
    replied
    In my residency program, gme had partnered with nwm and that was the disability insurance the program paid for. So you could get it from someone else but you'd pay out of pocket for it. Then when you graduate from residency the agent meets with you to sell you additional insurance ( as you get to keep the DI from residency and it's pretty cheap). I went ahead and bought more DI from them. It's probably not the best policy but it's not too expensive so I have yet to look around for a different policy. He did try to meet with me again a year into being an attending, for financial planning, where he tried to sell me on whole life. Luckily I knew from reading here not to buy that! Since then I've declined any further meetings.

    Leave a comment:


  • childay
    replied







    I find it amazing that medical programs are so over the top with HIPAA and other “privacy” measures that doctors can’t look at their own medical records, yet residency directors and other academics freely give out email addresses, phone numbers, and other identifying information about med students, residents, and attendings.  So much for protecting privacy and the best interests of people who aren’t commissioned sales{somethings}.
    Click to expand…


    I imagine they troll this info from AMA and the other associations as well.
    Click to expand...


    Ugh other concerns about AMA and other associations aside I find it obnoxious how they sell your info for profit and "partner" with crappy companies and insurance products

    Leave a comment:


  • Craigy
    replied




    I find it amazing that medical programs are so over the top with HIPAA and other “privacy” measures that doctors can’t look at their own medical records, yet residency directors and other academics freely give out email addresses, phone numbers, and other identifying information about med students, residents, and attendings.  So much for protecting privacy and the best interests of people who aren’t commissioned sales{somethings}.
    Click to expand...


    I imagine they troll this info from AMA and the other associations as well.

    Leave a comment:


  • Craigy
    replied
    They give me 10 hours of free CLE every other year.  It's supposed to be estate planning but it's unsurprisingly just a 10hr life insurance party.  Unfortunately my firm attends every 2 years and every 2 years I get 2 or 3 green NWM salesmen trying to setup appointments to sell me insurance.

    Leave a comment:


  • Hank
    replied
    I find it amazing that medical programs are so over the top with HIPAA and other "privacy" measures that doctors can't look at their own medical records, yet residency directors and other academics freely give out email addresses, phone numbers, and other identifying information about med students, residents, and attendings.  So much for protecting privacy and the best interests of people who aren't commissioned sales{somethings}.

    Leave a comment:


  • canadianoutlaw
    replied
    NWM "salesweasels" aggressively get "in" with graduate medical education offices. This gives them access to program directors, program admins, and email listserves. I get an email about once a month from them promoting a "financial seminar" for trainees... always at a fancy steakhouse. Our program admin once forwarded one of these emails to the entire residency (they had been emailed directly with a personal appeal by NWM) thinking it would be helpful. I responded with an immediate rebuttal and steered them instead to the WCI. My only regret is not using the term "saleweasel"...

    Leave a comment:


  • The White Coat Investor
    replied
    I find it incredibly disappointing to see a mutual company with the business practices I see from NML.

    Leave a comment:


  • AR
    replied




    He will call.

    Don’t spend too much of your time.
    Click to expand...


    There is absolutely zero chance I will use this guy for anything.  Once I get bored, the call will end. I normally have about a 30 minute commute, so I'll schedule it for that time.  Not a lot of productive stuff I can get done then anyway.

    Leave a comment:


  • AR
    replied
    I was contacted by an NWM financial advisor who left me a message yesterday offering his services. Maybe I'll return the call for to see what he says and for my own amusement.

    I'll report back here if it happens.

     

    Leave a comment:


  • jfoxcpacfp
    replied







    Sounds like they just follow a good marketing plan for targeting physicians. Can you imagine if people chose their doctors in the same way?
    Click to expand…


    Many do.
    Click to expand...


    You guys do dinner seminars with cool slide-shows and freebies? What has this world come to?

    Leave a comment:

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