Thank you!! I hope you got value :)

Yeah :) Initially I did this video specifically for my agents not thinking it would get views LOL So It was more of a training video for my agents, but I do tell my clients my commission because sometimes my clients end up getting their licenses and selling life insurance too :D

My condolences. Feel free to reach out to me here: www.topfinancialagency.com/lailah-bio

Hey Ester! Thanks for booking a consultation :)

Hey! Selling for Primerica will limit you on what you can sell. You won't be able to sell whole life, IULs, or GULs with them. You can also find cheaper term products and products with more living benefits than Primerica. I prefer to be independent so I can offer a variety. I did this video here on the various types of coverage: kzbin.info/www/bejne/jp-YlGd3lNasqtU

Right! This is just a basic illustration with coverage and some CV growth. I didn't do Min DB Max CV :) What you can do is either select min db max cv or do it like how I did: Determine coverage based on target premium then go back and drop the death benefit and see how the CV is growing. Let's say based on premium, the DB is 100k, you can break it down to 50k and 50k and compare the CV to doing Min DB max CV.

Well, depending how cheap, a term would be best. Corebridge (formerly AIG) is a cheap term.

Thank you :)

Yeah of course. There's costs with the entire policy, but you can either double their coverage or not for the same premium amount.

LOL You know what's funny. I initially just did this video on the spot for my team who was always asking me how to run an NLG illustration. I honestly didn't intend it to be seen by agents outside my team.

Great info..... definitely should record it again with some clear different scenarios to really squeeze out the best of those.....plus less distractions.....but i definitely will be able to help more people thank you for uploading this video!

Thank you!!!!

Puedes contactarme directamente en mi sitio web: TopFinancialAgency.com

Thank you!!

Yeah, it gets much more expensive down the line. It depends on their budget. I have clients that age that can fund it 10k annually or others can afford 100k (50k and 50k).

This is just a basic way to run this illustration. You can adjust the death benefit or premium to build it in the way that your client desires. Some clients, like the client I just sat with, wants living benefits so she's not trying to solve for a lot of CV.

@topfinancialagency clients like most agents have no idea what is best. IULs have limitations. You have to align yourself with the IUL not design an IUL for what each person wants. Those are the bad designs.

This design isn't going to lapse and it's also funded above target. It's a good design.

@@topfinancialagency start with the guaranteed colmn. Does it laspe?

You can call NLG and have them run an illustration for you based on what you are intending to do. If you want it to pay you out starting out from age 65 for the rest of your life, then they will run an illustration for you to show you what that will look like. Also, if you take out a loan, you should ask them how much you can take out and how it will affect your policy in the future.

@@topfinancialagency only the guaranteed column is guaranteed.

Yes, of course.

Exactly!

As far as annuities, F&G has some of the highest performing ones. NLG has some annuities with bonuses and they also have an annuity that you can fund with as little as $100 a month.

Reach out to me at www.topfinancialagency.com/financial-services-careers and I can help you

Thank you :)

Agent commissions are dependent on their experience. Someone with zero experience can start off with maybe 60%. Someone with more experience can earn more. I just do the math on 50% because it's quick math :)

Thank you!!

Thank you!

PHP is a pyramid

Awesome! I got my initial training in PHP :D

They're an MLM. It's a different building strategy. I prefer direct appointment to carrier, but PHP has a good training for someone with zero experience.

LOL Sorry!! I never intended it to get views from people outside my team. I created the video for my team so they could learn to run illustrations whenever they needed.

Hi! Yes, the living benefits are available in CA. That's where I am :)

If you look at the numbers when you run it and a client wants to pay $100 a month, the target will be $1,200. What I'm saying is to over-fund it. The client will either have to add more than $100 or lower the target premium so their $100 is higher than target premium.

Cash value always comes from the cash value "bucket." If you don't pay it back, it will come out of the death benefit. Living benefits come from the death benefit bucket. Whatever is left will go to the family after death. On a level policy, the family won't get the cash value.

De nada!

For NLG? It averages 5%

Yessss Have you looked into Allianz? It's a high performing CV IUL :)

Or, try to run it as Min DB, Max CV. The DB will be generally pretty low, but it will gain more CV. Of course, the more premium the client adds the better.

YAY Great!!

I'll send you a message:)

Yeah, I do use B as well.

An IUL is a life insurance product so approval is based on health. I'm not sure why you think you're uninsurable, but there are carriers that can insure higher risk clients.

@@topfinancialagency yes i know i’m uninsurable due to health, i’ve been declined many times, nlg, transamerica, prudencial, northwestern, colonial penn, etc., so now what?

@Scam Buster Annuities are based on finances for approval, but you can DM and if you're comfortable you can give me a run down of your health and I can see if other carriers may approve you. Or message me on my website or IG of same name

@@topfinancialagency i already have annuities, so no options for iul because of my health

@@scambuster7416 Yes...Life insurance is based on health.

Yes, great observation. That's why I call it the "hook-up." The Additional Protection Benefit (APB) rider provides death benefit protection at a lower cost than the cost of the base policy. It can therefore, increase total death benefit protection without significantly increasing cost. For the second part of your question, I think you're asking if you can pay a policy for 20 years only? Yes, they can be structured that way as well. For the last question, the 5.5% is an average because the market is always fluctuating. I don't really up my premiums, personally. I diversified my money in term, IULs, and Indexed Annuities.

Glad it helped!

Yeah so the Guarantee shows how it will perform at 2.5% only, but when you look at the Current Ledger, it's illustrating an average. That's why there's 5.5% or 5.3% etc. And of course we all know everything fluctuates and we tell clients that if the market crashes, they'll get 0%. But, unlike a MF or 401k etc they won't lose.

@@topfinancialagency Thanks for your clarification. If we add an additional 150k to make the dead benefit increase without increasing the premium, does it cause the cost of insurance shortage to cover and will pay more when getting old? Thanks 🙏

Glad it was helpful!

That would depend on what their budget is. Sometimes I find that with NLG I can still get them more coverage than a final expense, for example, for same cost. That's because with NLG you can use the death benefit and additional protection benefit. Sometimes they get 50k with it split into 25k & 25k and that's sometimes cheaper than a final expense.

Lol the kiddos! Sorry, widow life/single mom with babies hah

@@topfinancialagency I'm a mom of 3 little ones. the way you ignored the noise and concentrated on the teaching truly shows your momma super powers. I can handle the background noise. Do not be discouraged to make more videos just because there is background noise. I repeat, DO NOT be discouraged.

Yes, you can DM me on my IG: @worldsystemchangers

Much appreciated!

It is tax free and no you don't have to pay back what you withdraw from cash value. If nothing is withdrawn the cash value would be increasing due to your contributions and compound interest.

@@miriamjuarez737 what about the life insurance charge still continue til what age…. It seem like transamerica keep increase every year fee and insurance

@@miriamjuarez737 I’m mean if cash value compounded til what age, til what age my life death insurance expire!!! The fee charge increase or life death insurance insurance increases til what age , how long does it cover the life

If you have your policy take a look at the illustration page. You can see what the numbers look like. Depending on how much cash value you have when you're 65, you may be able to draw money out or stop paying and let the cash value pay the policy, which will deplete the CV. The benefit of that is that you will have living benefits for the rest of your life. The primary benefit of this policy is life insurance & living benefits. Cash value is a 3rd bonus. I also suggest clients get an indexed annuity for retirement. I know other professionals may suggest mutual funds or risky products. I prefer to get gains without risk, but that's a personal choice

@@yodhangzien what do you mean

This depends on what you're looking to achieve. The highest performing IUL Cash value is Allianz, but they aren't the carrier to go to if you're looking for high death benefit. They're the carrier you go to if someone wants high cash value.

Sorry about that