IMO Suggestions???

Jan 7, 2018

  1. NewbieNewbie
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    NewbieNewbie Super Genius

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    Very cool product idea
     
  2. Redbeard22
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    Redbeard22 Expert

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    Enhanced Surrender Value Rider on the QOL Gurantee Plus II, can surrender 100% and receive monthly payments, its not a lump sum, paid over 10 years
     
  3. IHATEWholeLife
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    IHATEWholeLife New Member

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    Dins,

    If you ever would like to talk insurance. Dont contact me. I would hate to steal your commission
     
    Last edited: Mar 10, 2018
  4. WinoBlues
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    WinoBlues Guru

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    No No call me. I am better than him.
     
  5. WinoBlues
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    First post.

    And you are Who?
     
  6. NewbieNewbie
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    First post ever and a solicitation I would definitely call this person so your clients can get free vacations in retirement!
    I bet he will start you at 30 percent, and you can recruit a downline.
     
  7. IHATEWholeLife
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    IHATEWholeLife New Member

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    Cool thanks mates! I actually do not, nor would accept any comp. I know it's hard to believe, but there ARE a rare few that have a strange passion for permanent insurance and obsessed with about every carrier, especially when a new or updated product comes out. I was offering a helping hand - I am very well off and honestly could care less about commissions unless it was a personal client. Good try though!
     
  8. WinoBlues
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    WinoBlues Guru

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    Please read post 13 and 16 in this thread.

    Welcome to the forum. It is a great place. Thankfully, the Life forum is still mostly agents. The recruiter are pretty active on a couple of the other forums.
     
  9. Dins
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    Dins Expert

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    Well I'm sure it doesn't surprise many of you to hear that I've gotten countless PMs with offers. Some of them have posted in the thread as well, most of them have not. It's hard to figure out who's really legit and can offer what I need so I'd hope that these guys would be willing to show me what they can offer by helping me with a case I've been working, but haven't closed. I'm looking for the best solution and, somewhere to bring this business. Here's the situation:
    Husband-24YO, Great Health
    Wife-26YO, Good Health, but probably standard based on Height/Weight(5'6 240lbs)
    Kid1-5YO
    Kid2-Almost 1yr old

    Husband currently has a large 20yr Term with Trans and qualified super preferred. Wants 500K of additional coverage.

    He wants his and the wife's policy to be for retirement with the goal of 7 figures in each by age 65. Wants the kids polices to be for college contribution and kids to have a head start on retirement.
    Budget is $800mo.
    My original plan was:

    For the husband and wife, set up a 500K increasing IUL through NA @ $200mo each. My illustration shows that if he pays consistently, at age 65 he should have almost 1.3M Non-Guaranteed, and she she have almost 1.2M Non-Guaranteed.

    For the older kid, set up 300K increasing IUL through NA @ $200mo.
    For younger kid, set up 500K increasing IUL through NA @ $200mo. (My illustration shows that there should be around 100K non-guaranteed at age 22).

    I thought this was a great plan, but as I've learned more and more, I'm not so sure it's the best I could do.

    I'm wondering if doing a lower DB on the IUL and supplementing with more term would be better in the long term. Or maybe there's other options I just don't know about yet.

    I've gotten many PMs with guys saying they are the best. Well here's a great chance to prove it out in the open. How would you advise me?

    P.S. Non-Recrutiers opinions would be much appreciated as well! TIA
     
    Dins, Mar 11, 2018
    #49
  10. jboussea
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    jboussea Guru

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    I think the 1.2m and 1.3m you're seeing is the non guaranteed Death benefit .. not the cash value.

    when doing an IUL for cash value..I would always lower the DB and supplement with term.

    I would pforego the kids policies .. Just add them as a term rider. Tell them it's more efficient that way. Since they're doing this for college .. I would use the NA Rapid BUilder since the cash value is better early on. their savings won't be anything great when the 5 yr old is 18 but it's better than nothing and it's a predictable result.

    so try to do a $375 premium for each thereabout .. and use the remaining to purchase a term


    curious to see what others think .