If that is your concern, use option b on a UL.. It pays the death benefit plus the cash value at all times.
Time to renew "Buy Term & Invest The Difference" ?
- Thread starter myinsurebiz
- Start date
- 11,514
Let him go to Primerica and let him get training with supervision.
and, the ridiculous rates are ever higher for that option, no thanks; that's pure thievery
- Thread starter
- #34
- 6,027
My thoughts are show people Term and Term w / ROP for their "life insurance" needs - both with a Carrier that has awesome Living Benefits and Riders + show them how they can max contribute to a ROTH IRA or even a traditional IRA for their basic Retirement needs.
Targeting clients that are lower / middle income should be fine with these products.
Those that make more money than the IRA's allow - can be referred to a Financial Advisor that the Agent partners with on a referral fee basis ( depending on the State requirements ) while the Agent writes the other lines - ie: Life, Health, Auxiliary, etc.
- 2,045
You'll basically be working for free with the IRA contributions (and you'll need to pick up the 6 or 7)
- Thread starter
- #36
- 6,027
- 2,045
Depends on what you plan to fund the IRA with. Stocks, bonds, securities..you'll need a 7...mutual funds, a 6.
- Thread starter
- #38
- 6,027
Thinking more of the lower / middle class funding the IRA with after tax $ from their jobs, businesses, etc . . . Like $50 a week or $500 a month to the max, etc.
Needs to be able to be done by the average L&H Agent - that's why I'm thinking IRA and FIA . . .
If you buy ART the rates will go up every year.. If you buy level term, you will have to overpay in the early years.. The actuarial principles are the same for the products.
If you use annuities, you will. Is this your newest squirrel chase?
