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john_petrowski said:But you have a good point - except I only have one kid:-)
Well miracles do happen!
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john_petrowski said:But you have a good point - except I only have one kid:-)
salpro22 said:[What is BTID?
James said:A good W/L contract is expected to perform in the 5-6% range, now you may or may not beat this in any time lenght, of your choice. There is no degree of certainity in life as what makes W/L desirable to many. Now all of this is tied to a DB that is expected to pay out but when is the big question. In other words you can't take the CV side away from the DB side, they are tied together.
James said:john_petrowski said:But you have a good point - except I only have one kid:-)
Well miracles do happen!
john_petrowski said:salpro22 said:[What is BTID?
BTID is the biggest fight in the life insurance industry that will rage on for centuries - "buy term invest the difference."
The theory is if term is $100 a month and perm with the same cash value is $400 a month you buy term and invest the other $300 with the hope that you'll get a better return.
James said:Lets take Annuities, fix type regular or Equity Index. Now is there a better product for the creation of lifetime income out there? NO. Are they the best interest bearing for accumulating money, NO. Yet to be against Annuities becuase of the latter is silly, you pass up the real power of the Annuity.
What I'm referring to is "Lost Oppurtunity", now this is what most Financial and anti Cash Value Ins. Agents will cite. Yet I can site the same about securities may it be SMA, TRF, IRA, 401, Small Cap, International take your pick are all samples of "Lost Oppurtunity" when compared to investing in ones own business. Such as Lead or Prospecting in the insurance field where 250 dollars spent on developing leads and prospects that will lead to 2 clients that will spend XX on there insurance needs which you get a healthy chunk of.
In other words don't forsake the Bread for the Jam, they are better together!
john_petrowski said:It's all pretty simple; offer and fully explain the pros and cons of both and your client chooses.