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I'm not aware of any without rate caps. Caps are a number over which the crediting rate will not go, say 12%. So credited interest will never be higher than 12%.
Participation rate is another biggy.
Sometimes rate caps and participation rates will depend on crediting strategy.
Most popular is annual point to point.
Prospect profile depends. It's not necessarily a permanent form of life insurance being a current assumption UL (or mechanically working like one if cash value is planned to be tapped). A lot can be issued with over-loan protection, so it's easier to keep it in force.
Executive compensation is one place they are used. College Funding is another option. You can also look at plain old cash value accumulation with life insurance situations.
Ok this is a lot of info---I appreciate your input and as far as offers --thats perfectly fine and understandable.
I do not recall any of above mentioned mechanisms in my LIFE exam----so how in the world are new agents going to cope with this complex matter---let alone sell a product that is beyond beginners comprehension??
Should I start working on Series 6 or what?
Once again thank you for detailed answer---or should I say chapter.
I checked it out I just might join the ILIAA...but let me ask u this firstoes your support consists of internet support or do u guys have an office in NY for example?