LEAP and Cheaper Alternatives?

[marindependent]

Check out their YouTube channels so you can get a sense of what you'll learn.

Man that is some awesome lighting

 

[DHK]

I think those were about 15 years ago when no one really cared about lighting. lol.

 

[marindependent]

I think those were about 15 years ago when no one really cared about lighting. lol.

I didnt care about lighting 15 years ago either, but a funny thing has happened to my eyes - they do care.

 

[PrivClientSG]

Funny Castiglione story.
I was doing a presentation at an agency, I went on right after him.
He actually sat through the presentation and came up to me afterwards and told me he enjoyed it.
He then asked me if I had a list of each state and how they protect life insurance cash values.
I told him I did and he asked me for a copy.
I told him I did it in the employ of my company, it was their proprietary info and had not been compliance approved.
He did not like my response.
Later the GA came up to me and asked me about it.
I told him that if I gave him the list he would put his letterhead on it and sell it back to your agents.
He laughed and said probably.
When the industry was down on whole life, he was rare in that rather than jumping on the bandwagon, he never stopped championing whole life.

Bob's passion, belief, whatever you want to call it, regarding whole life insurance -- he was visceral about it, in addition to being cerebral. It was innate with him. I absolutely admire and respect him for that. Bob had some very creative ideas, not just around utilizing life insurance, but in and around the product as well. He had close friends who were top people/producers and a lot of them were a valuable resource to him. I remember an advanced training class he did and he had a couple of producers who were with Guardian and Mass Mutual, do some sessions with him. Very creative, interesting, and powerful concepts. Not specific recommendations per se, but more concepts that showed how flexible, powerful, etc., life insurance could be.

As far as the life insurance and creditor protection by state info, I don't know if he was going to charge for it or not, but I suspect he would have made it available to his licensees at that time, but protected himself from any potential exposure or liability, LOL. That information has long been out there in the public domain anyway. Check my friend, Steve Oshins' website, or Jay Adkisson's website. They used to publish a current list on this.

 

[DHK]

I've had this file for nearly 10 years, but I don't think anything has changed.

 

[PrivClientSG]

I've had this file for nearly 10 years, but I don't think anything has changed.

Thanks, two top people. Gideon and Dan used to update that regularly. Dan is now with another firm, and I don't know if Gideon updates his material other than for his speaking engagements/presentations. You can find this out there.

With all the discussion in and around creditor protection and life insurance, there should be current, updated, and accurate information out there. There's a lot of misunderstandings, misguidedness, etc., IN OUR industry on this.

 

[Allen Trent]

Man that is some awesome lighting

in his defense, the guy filming it was hiding in the closet filming through the slats of the bi-fold doors before the husband got home

 

[DHK]

Thanks, two top people. Gideon and Dan used to update that regularly. Dan is now with another firm, and I don't know if Gideon updates his material other than for his speaking engagements/presentations. You can find this out there.

With all the discussion in and around creditor protection and life insurance, there should be current, updated, and accurate information out there. There's a lot of misunderstandings, misguidedness, etc., IN OUR industry on this.

Agreed. I was doing some coaching with another agent and I had to bring up that California has nearly no creditor protection for life insurance. She was unintentionally talking about far higher protections (probably unlimited) in California. I sent her that document so she has it.

I do find it interesting that New York has unlimited creditor protection.

 

[PrivClientSG]

Agreed. I was doing some coaching with another agent and I had to bring up that California has nearly no creditor protection for life insurance. She was unintentionally talking about far higher protections (probably unlimited) in California. I sent her that document so she has it.

I do find it interesting that New York has unlimited creditor protection.

Like I said, a lot of misinformation, misunderstandings, etc., on this issue. I am not shocked that NY has this. However, remember, unlimited doesn't mean ALWAYS or UNDER EVERY CIRCUMSTANCE. Bankruptcy courts have successfully overcome this, criminal proceedings as well, and fraud of course.

The real big issue is -- when it comes to creditor protection -- are you talking about the cash value (during life), or are you talking about the death benefit proceeds? That's where people -- people in our industry -- start to get confused!

 

[PrivClientSG]

Here's an FYI case...

https://ecf.ca8.uscourts.gov/opndir/12/11/126025P.pdf