5 Ways To Design Your Whole Life Policy | 10/90, 40/60, 17/83, 30/70, 100 Base

[@AndAsset]

What's your favorite kind of policy design we showed?

[@kheprisol3132]

Definitely the 17/83.

[@AndAsset]

@@kheprisol3132 Love that!! Lets get it!!

[@typewriter627]

Good video! I appreciate this side of the equation. Even though Nash said he wished he hadn't included the "illustration" chapter in BYOB, I think it's a great topic. 2 things you need to speak on that are missed in this video... AND THEY ARE IMPORTANT. 1st - your illustration shows premiums in FULL being paid (base premium and PUA) for 20 years and beyond, when you wouldn't do that normally (or ever that i know of) - because it cause the policy to become a MEC. 2nd - you dont address the need for term insurance on the 10/90 policy ( and I'd susspect the 17/83). As i understand it (though im not 100% on this part) that to get the cash value that high, you'd need a term rider... well... map that out, and when the term runs out, the policy has a massive issue (again, im not sure whats the issue exactly, but that issue has been spoken of by multiple IBC practitioners multiple times). What are your thoughts? I'd like to know your option.

[@dylanrobertson68]

I really appreciate these comparisons brothers ! Very informative on this very touchy subject.

[@AndAsset]

Dylan! As always great to hear insight from someone of your caliber it is much appreciated brotha!

[@dylanrobertson68]

@@AndAsset ha It’s because of podcasts like this that I can understand anything about policy design and CV !

[@maxpruger837]

Wow, an actual honest comparison. Great job guys.

[@AndAsset]

Thanks Max! We try to be as open and as transparent as possible! It is appreciated!

[@maxpruger837]

@TheAndAsset I've seen some really misleading comparisons where an agent compares a 10/90 paid in for 12 years to a 40/60 paid in for 30 years then declares the 40/60 the winner because it has more CV (well duh it had 18 years of additional payments). Or, I saw a comparison with a 10k premium but the 40/60 started with a 40k dump in year 1. The transparency is refreshing especially considering that you, as the agent, would personally make less money selling 10/90 policies.

[@AndAsset]

@@maxpruger837 I have seen those before as well. It is unfortunate that Information like that is being produced but with support like yours it’s definitely encouraging for us to keep sharing the truth and being transparent so we appreciate you!

[@northupupgrages09]

Here learning MORE!!

[@AndAsset]

Lets gooo!

[@nevalyin7802]

Can you explain how do you get premiums based on the “base” you are referring to? To my knowledge when getting life insurance , you tell them the amount you are looking to receive & if it’s whole or term . .

[@bestdayeverTV]

Thanks for the comparisons!

[@AndAsset]

Of course!! Thanks for watching!

[@dominicrufran7745]

Bringing the squad back!

[@MomentoMori769]

This was helpful!!

[@AndAsset]

Amazing!!! Glad we could help!!

[@ShaunIRL]

whats the company ? 14:05

[@AndAsset]

Lafayette Life

[@emmanuellebon7810]

Not sure to understand: why the death benefit goes up in time? shouldn't be the same always?

[@adriatic670]

How did you learn to set up a policy like this . I am currently and agent and I want to learn to properly design a policy like this for my clients

[@AndAsset]

Email me at [e-mail]

[@annalee4488]

How do you define the base rate? I'm sorry Im a little bit confused because the premiums are all the same but the difference is the amount you put in the PUA which affects the rate of the cash value and death benefit. Thank you

[@AndAsset]

There is two main parts the base and the PUA. The base is the insurance premiums (think of payments for death benefit) And PUA goes to cash. We can determine how much of your dollars goes to base and to pua. Here is a video explaining base a little more in depth. kzbin.info/www/bejne/n6q8l3-Ep62Dq5I

[@lucydguzman6560]

Do you have these in a PDF ???

[@AndAsset]

I do! These are actually pdfs that I am showing in this video! Is there something specific you would like to see?

[@InnerSpectrumInsights]

I noticed for all the policies showed in the video, the PUA always paid until the year 20? What if only pay into the 10th year?

[@AndAsset]

You can do that! It’s up to you how long you would like to pay the PUA! This was just the example we used.

[@InnerSpectrumInsights]

@@AndAsset If the 10 year pay PUA policy can keep the same cash value growth velocity like the example in the video, why pay extra 10 year PUA into the policy?

[@AndAsset]

@@InnerSpectrumInsights compound interest consists of 3 components. Time, volume, and rate. If we can keep the same rate, and we are going to have the same time compounding regardless if I pay into it for 10 or 20 years since this policy is till I die, well then the only thing we can change is the volume of money. The more money you can put into it the Better it will be! So paying into it for 20 years instead of 10 doubles the amount I put into it!

[@maxpruger837]

If you only want to pay for 10 years, certain companies offer a 10-pay policy which maximizes the growth after year 10.

[@MomentoMori769]

How do you track after you get a policy?

[@AndAsset]

You get a portal online or in an app to see the growth of your policy and you can also get a report every year showing the projections of your policy.

[@MomentoMori769]

@@AndAsset does the app or online portal, show you the variance between actuals and projected? In other words are we out performing or underperforming out initial projections? Does it show IRR? or just dollar value?

[@AndAsset]

We can run a report to show IRR as well before and after starting the policy and we can always compare the original to the new report ran. This isn't in the portal or app though, it has to be run by the agent or the insurance company. @@MomentoMori769

[@stevem5580]

“What could change in 30 yrs on the illustrations” NEEDS to change to what could happen in 6 yrs on the illustrations. Fiscal dominance, CBDCs, sovereign debt, default, monetary devaluation, war, energy inflation, .. $50k paid in for 6 yrs, the cash value will have FAR less purchasing power than today’s dollars.

[@AndAsset]

Amazing!