Hello Everyone!

[Duane Freeman]

Lol... I came here because I thought it would be a good resource for a new industry that I'm really enjoying.

I made a hello thread and people asked questions so I replied.

But you big shots are already attacking me lol... Well it doesn't matter. Good luck to you all.

This "cult," pays me $30-40K a month so... I'll stay right here haha.

PS: Still a great industry!

 

[Chuckler]

You're going to have to ask me some specific questions because it seems pretty clear to me.

Over priced ROP term?

high par cash value whole life writers?

Find it? What do we do after we find it?

 

[Life Hawk]

... fresh meat. You fellas really know how to treat a new guy.

 

[Markthebroker]

... fresh meat. You fellas really know how to treat a new guy.

He kinda did it to himself.

 

[DayTimer]

Over priced ROP term?

Return of Premium Term: It is priced significantly higher than term because the insurance company needs to invest the extra premiums to be able to return all premiums at the end of the term if the insured doesn't pre-decease the term.

high par cash value whole life writers?

Agents who sell (write) high cash value participating whole life policies with mutual insurers. If an insured finds value in a ROP term policy, then a cash value whole life should be a lay up for the agent to show even more value.

Find it? What do we do after we find it?

We find it and replace it with a real cash value product that offers incredible value, rather than a pseudo cash value product that offers a valuable death benefit but a relatively low value cash savings option.

 

[Chuckler]

Return of Premium Term: It is priced significantly higher than term because the insurance company needs to invest the extra premiums to be able to return all premiums at the end of the term if the insured doesn't pre-decease the term.




Agents who sell (write) high cash value participating whole life policies with mutual insurers. If an insured finds value in a ROP term policy, then a cash value whole life should be a lay up for the agent to show even more value.




We find it and replace it with a real cash value product that offers incredible value, rather than a pseudo cash value product that offers a valuable death benefit but a relatively low value cash savings option.

Thank you, thank you! One final question, you've clearly explained both to me, could you illustrate an example of how high cash value participating whole life out performs ROP term? Follow up, is there any circumstance under which you would recommend ROP term?

Thank you again for answering my questions.

 

[DayTimer]

could you illustrate an example of how high cash value participating whole life out performs ROP term?

This is from a recent real life example:

Client had been quoted a ROP TLE from MOO, 39 F Non-tobacco:

30 yrs with the ROP rider, $121.62 is monthly premium for 250,000 in coverage. At the end of 30 years, the client had two options:

1. Receive back $43,783.20 (100% of the paid premiums inc. riders) OR ...
2. Receive a reduced paid up guaranteed until age 100 for 104,691.90 in death benefits.

The alternative I offered was $250K Guaranteed Whole Life with Penn Mutual w/flexible protection rider 39 yr Female $120.13/month ... Cash Value at year 30 $71,147, Cash value at age 74 $127,548 ... and that $250K death benefit starts growing. At age 89, death benefit $332,684, cash vale $269,084.

Which would you choose?

 

[toolbelt]

is there any circumstance under which you would recommend ROP term?

Yes, if you die 5 mins after being accepted.

 

[rousemark]

Nigerian Scammers all use the “Blessings” word.
I call BS on the production #’s.
I wrote my last life policy in 1991. Too little money.
Med supps, group and Indy health have made me rich.
I got my license when Jimmy Carter was President.

Young 'un

 

[Chuckler]

This is from a recent real life example:

Client had been quoted a ROP TLE from MOO, 39 F Non-tobacco:

30 yrs with the ROP rider, $121.62 is monthly premium for 250,000 in coverage. At the end of 30 years, the client had two options:

1. Receive back $43,783.20 (100% of the paid premiums inc. riders) OR ...
2. Receive a reduced paid up guaranteed until age 100 for 104,691.90 in death benefits.

The alternative I offered was $250K Guaranteed Whole Life with Penn Mutual w/flexible protection rider 39 yr Female $120.13/month ... Cash Value at year 30 $71,147, Cash value at age 74 $127,548 ... and that $250K death benefit starts growing. At age 89, death benefit $332,684, cash vale $269,084.

Which would you choose?

The second one! Thanks for sharing and answering my question!