Wut?the base whole life policy is based on 150% total commission paid on the initial premium.
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Wut?the base whole life policy is based on 150% total commission paid on the initial premium.
I think he's looking at the total payouts to the agent, general agent, up-line, etc.
I'm sure IUL is - which is why so many IMOs promote it,I'm sure IUL is - which is why so many IMOs promote it,
5% much better but still a lot more than 0 to 4% .Most I use are 5% or less. Had a client 2 weeks ago request $100k from his policy, it was wired in 1 day
Why do you think there is very little cash value in the first year on just a traditional basic WL policy
Actually no. IUL is 135% of target premium and target is much lower than the base WL premium in most cases.
Access to cash vs a loan is also comparing apples to dogs. If you take the same premium and invest that over the same number of years I would wager the client would have more cash available in his investment account than the cash value available for a loan from his life insurance policy and no interest to pay .
The client could just invest in government securities or short term Muni's and get an interest rate higher then what the WL provides
Everyone seems to forget a policy dividend is not an interest rate the policy earns it is a % of the company profits that is paid to policy holders.
Before you go into investment risk The client could just invest in government securities or short term Muni's and get an interest rate higher then what the WL provides and not pay the 8% premium load so he would still be better off than infinite banking concept