We have lots of videos with numbers! Also, we have a second channel called @AndAsset that we will be releasing tons of number based videos and case studies so that would be a good channel to subscribe to!
Any way i could get my hands on that spreadsheet? There are a few different scenarios I’d like to run numbers on… or can you show me a 17/83 with a $100k ceiling?
Those first examples look like guardian. I have a guardian policy with a 10-90 split. One of thr best things about 10-90 is if something happens and you cant fund the full amount you dont have to. Your only obligation is the premium which would be very small, 10% plus the term rider. Then as things get better you can catch up later. This is when people loss thier policies, they want to ability to fund say 30k a year with a high premuim thier commitment is much higher and can be a burdon if something changes in thier lives but, with a 10-90 split you only have to commit 3k plus ther term cost of around 800.
Truthfully it’s all dependent on someone’s cash flow. I don’t like to give general answers without knowing someone’s financial situation. That’s how people get stuck in poorly written policies because they’re told one number but don’t cover what actually makes sense for your life. I’d encourage you to schedule a clarity call with our team who could give a much better reply with more information on your financial situation. You can find the link to the clarity call in the description of this video 😊
In our second channel Dom from our team made a great video breaking down which companies to avoid and then he goes through a list of the companies we like and use ourselves - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-DqxuxJcNKo0.html
Minute 18 I’m still not a life insurance guru I don’t know what went wrong I’m loosing hope. Maybe I’m half a life insurance guru I’ll watch it again and I’ll be a life insurance guru.
that planning 50 years out sounding alot like a traditional retirement plan, it's interesting how time is considered but what you give up in never addressed.
In our videos we use multiple companies (just like we do in our busienss). Right now our whole life videos will have either Lafayette Life, Penn, Mass, One America and Guardian. We will have videos in the future laying out each carrier and the pros and cons when it comes to policy design.
This is a good idea, but it may not be suitable for everyone, especially those who earn less than $60,000 per year. $4,000 per month is quite a lot of money.
When the client dies their death benefit would get paid out. If the client was max overfunding the death benefit would also grow making up for the fact that they are building cash value. Notice the death benefit column and how it grows each year.
@@sergiogarcia7171 This is what we call an overfunded whole-life design which gives access to lots more cash value early on versus a standard/traditional whole life insurance policy.
Your not talking about what’s called “The Capital Equivalent of Money” you would need 12 percent return to get the same real cash when you die it’s not about the cash value it’s about the borrowing power and the death benefit off of small amounts. Use other people’s money
Seeing death benefit in terms of legacy is a terrible idea. If this is what folks will be inheriting they will BLOW it within 10 years. Overall, the average person taking out a policy will get the short end of the stick. The insurance company has to pay bills, etc. The only time it works in the client's favor is if s/he dies young. Insurance is great for risk management. It is terrible for wealth preservation, legacy, etc.
So a 36 year old is going to put in 50,000 a year. If they just take the 50K and invest in markets, and get average of 7% per year until age 70, they'd have 4.3 million dollars- and counting as they continue to live.
Though everyone doesn’t earn this kind of income, I make over $1 million a year. This video was very pertinent for someone like me. However, it’s also pertinent for anyone else. You’re getting lost in their examples of numbers and missing the point. The reality is the numbers work out the same for your income as well. It doesn’t matter how much your income is, what matters is your ability to live below your means, and as a percentage of income; consider their recommendations. Take a step back and look at the big picture. Instead of throwing in the towel so early.
That is what makes these videos unwatchable. I love the concept and have a policy,but the amounts they start with don't apply to me or most people I know
Illustrations give projected but no guarantees. As the interests rates depend on whatever market the company is investing in so the rates will vary between 2% and 8-9% Of course most only Illustrate for a 6% max to stay on the safer side. As for the cash value being a joke why do you think that? It's no more of a joke as Equity in your home is.
