What to Do?

[onefastpony]

Private message me if you're still looking for some direction. I'm part of a startup brokerage can offer you some very good comp

What is the name of your startup and what is very good comp?

No need to be secretive about it. A lot of very good IMO's on this forum are very forthcoming in public about their comp levels.

You just come across as a smoke screen marketer.

 

[drm0913]

Go to WeissRatings.com, look at those who have A+ ratings and go from there. I found that to be accurate in my state. Hope that helps. MassMutual is a good one if they have an office in your area.

 

[goillini52]

You are doing some one.

I must've missed something. Who's doing someone?

 

[NatlMktgOrg]

Personally, I do not like the 'Captive' agent contracting. But if kind of depends upon our need for interim income. If that is not an issue I would contract with a National Marketing Organization, perhaps several depending upon the products they offer. But first, I would target a marketplace I wanted to address. Usually folks like yourself - friends etc. Then determine what kind of life insurance product is their primary need. I would recommend you think about the Survivor's need for income after the death of the insured. For example Term for immediate debts then supplement the lifetime income needs (by way of a Survivor Income Plan) of the survivor. Everyone has Term available but I know where you can get access to the Survivor Income Plan, the only one of the market I know of. Let me know if you are interested.

 

[goillini52]

Personally, I do not like the 'Captive' agent contracting. But if kind of depends upon our need for interim income. If that is not an issue I would contract with a National Marketing Organization, perhaps several depending upon the products they offer. But first, I would target a marketplace I wanted to address. Usually folks like yourself - friends etc. Then determine what kind of life insurance product is their primary need. I would recommend you think about the Survivor's need for income after the death of the insured. For example Term for immediate debts then supplement the lifetime income needs (by way of a Survivor Income Plan) of the survivor. Everyone has Term available but I know where you can get access to the Survivor Income Plan, the only one of the market I know of. Let me know if you are interested.

Well Gee Willikers...who'd have a program like the one you describe?

 

[onefastpony]

Personally, I do not like the 'Captive' agent contracting. But if kind of depends upon our need for interim income. If that is not an issue I would contract with a National Marketing Organization, perhaps several depending upon the products they offer. But first, I would target a marketplace I wanted to address. Usually folks like yourself - friends etc. Then determine what kind of life insurance product is their primary need. I would recommend you think about the Survivor's need for income after the death of the insured. For example Term for immediate debts then supplement the lifetime income needs (by way of a Survivor Income Plan) of the survivor. Everyone has Term available but I know where you can get access to the Survivor Income Plan, the only one of the market I know of. Let me know if you are interested.

Wow!!!! You speak about a "Survivor Income Plan" like it's something new. The thing I hate about you spammers is you sucker new agents who don't know any better into your organization and you become the main contributing factor to their failure.

How's this for a "Survivor Income Plan?" This is based off me ME DYING and my wife getting my life insurance. I've got a 2 million dollar policy, thirty year term. If I kick the bucket today my wife can keep 500K of that 2Mill and invest the remaining 1.5mil in a Deferred Index Annuity. Here are the #'s.

So please don't come on here and make it sound like you have the best thing since sliced bread.

How an investment might grow?

Starting Principal ($) 1,500,000
Annual Growth Rate (%) 5
Annual Fee and Expense rate (%) 0
Growth Period / Years until retirement 20
Withdrawal Period / Years of retirement income needed 33
Annual growth rate during withdrawal period (%) 3



Based on the inputs above, the approximate returns and expenses accumulated during the deferred growth period would be:


Gross Total Gains ($) $2,479,946
Total Expense Paid (During Accumulation) $0.00
Annual Net Return (%) 5.0%
Total Net Gains ($) $2,479,947
Ending Value $3,979,947


Starting with the estimated ending value from the growth period, the estimated income available over the stated retirement period and the approximate overall return from the initial investment until the end of the withdrawal period would be:


Withdrawal Period

Starting Value $3,979,947
Estimated Annual Income* $191,659
Total Withdrawals $6,324,740
Final Ending Value $0
Total Net Return (53 years)
321.65%
Annual Net Return (53 years)
2.8%

 

[Norwayguy]

Personally, I do not like the 'Captive' agent contracting. But if kind of depends upon our need for interim income. If that is not an issue I would contract with a National Marketing Organization, perhaps several depending upon the products they offer. But first, I would target a marketplace I wanted to address. Usually folks like yourself - friends etc. Then determine what kind of life insurance product is their primary need. I would recommend you think about the Survivor's need for income after the death of the insured. For example Term for immediate debts then supplement the lifetime income needs (by way of a Survivor Income Plan) of the survivor. Everyone has Term available but I know where you can get access to the Survivor Income Plan, the only one of the market I know of. Let me know if you are interested.

Gee do you have work this into every post?

 

[Cash]

It really is not that hard to get a contract with a Life company. So 1( get a contract 2( ask your friends "how much life insurance do you have" and then 3( sell them some life insurance.

Usually this will result in you selling term so there is not that much to know. Doing this will boot strap your business until you learn more.

That is what a lot of agents do to start out.

 

[NatlMktgOrg]

Wow!!!! You speak about a "Survivor Income Plan" like it's something new. The thing I hate about you spammers is you sucker new agents who don't know any better into your organization and you become the main contributing factor to their failure.

How's this for a "Survivor Income Plan?" This is based off me ME DYING and my wife getting my life insurance. I've got a 2 million dollar policy, thirty year term. If I kick the bucket today my wife can keep 500K of that 2Mill and invest the remaining 1.5mil in a Deferred Index Annuity. Here are the #'s.

So please don't come on here and make it sound like you have the best thing since sliced bread.

How an investment might grow?

Starting Principal ($) 1,500,000
Annual Growth Rate (%) 5
Annual Fee and Expense rate (%) 0
Growth Period / Years until retirement 20
Withdrawal Period / Years of retirement income needed 33
Annual growth rate during withdrawal period (%) 3



Based on the inputs above, the approximate returns and expenses accumulated during the deferred growth period would be:


Gross Total Gains ($) $2,479,946
Total Expense Paid (During Accumulation) $0.00
Annual Net Return (%) 5.0%
Total Net Gains ($) $2,479,947
Ending Value $3,979,947


Starting with the estimated ending value from the growth period, the estimated income available over the stated retirement period and the approximate overall return from the initial investment until the end of the withdrawal period would be:


Withdrawal Period

Starting Value $3,979,947
Estimated Annual Income* $191,659
Total Withdrawals $6,324,740
Final Ending Value $0
Total Net Return (53 years)
321.65%
Annual Net Return (53 years)
2.8%

How old are you? What is the probability of you dying in the term coverage period?

Let's say your 30 year old and rated preferred. Answer to the question: You have a Statistically chance of dying in the term coverage period of 3%.
In other words, your wife has a 3% chance of getting your life insurance death benefit and in that case you are absolutely CORRECT! But there is a 97% chance she will not get a dime from your term insurance policy. So at retirement there's a 97% chance you will be liquidating savings and investments (your money) and as your survivor she will have what is left over and hopefully that will be enough. But wouldn't it be nice if you hedged her risk with a supplemental guaranteed income independent of your assets, just in case your investments do not pan out as you have hoped. Then being the person you are you will also buy the Premium Protection Rider which should your spouse die first, the company will return 100% of the premium just as you have paid it to protect her need that has terminated with her death. Net cost $0.00!

 

[Cornelius]

I'm popping pop corn anyone want to volunteer to supply the A&W root beer? Ding, Ding..