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The RICH MAN's ROTH - Life Insurance Illustration Effectively!

238 ratings | 41262 views
Wonder how to read that confusing illustration? Want clients to understand the benefit of the policy? Watch this video to learn more! visit: www.LISacademy.com for more details
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Text Comments (8)
Rene Nacional (1 month ago)
Definitely comprehensible
Joice Kamala (5 months ago)
Excellent Presentation👏👏👏👏👏
Edward Cao (6 months ago)
Hello, Do you print out Illustrations for them or do you go over it on a company screen?
just1294 (1 year ago)
So you are still contributing the $6,240 annually while withdrawing the $17,000? So all you are doing is withdrawing your premium money tax free. The net is $10,760 that you are actually withdrawing, and that comes from the $218,400 you already paid in the first 35 years. I know you are using this video to teach agents, but I personally am trying to learn how to understand the illustration as a consumer. So at age 100 you paid in $405,600 (6,240x65 years) and withdrew $510,000($17,000x30 years retirement) all while leaving a death benefit of $301,000. Basically (based on this illustration) pay in 405,600; use $510,00 tax free for yourself (a net of roughly $100,000) and leave behind $301,000 to your heirs tax free. So that's basically $811,000 worth of benefits for $405,600. Double what you pay in but when you take into account inflation and the fact this is based on the non gurenteed side I don't know if this really figures that well. Maybe I'm wrong about all this but as an uneducated consumer that is how I understood this presentation. Not putting this down but just pointing out concerns I would personally have.
Carter Garnon (10 months ago)
just1294 Its typically effective to illustrate premiums stopping at target retirement age, letting the cash value accumulate for 5-10 more years while the client is living on other retirement savings, and then showing withdrawals from the policy later on to help supplement their other savings. Then you're showing pure withdrawals without any premiums. The illustration used in this example is not a limited pay policy with those capabilities, but was likely chosen because any agent should have a regular guaranteed whole life policy in their arsenal so it casts a wider net.
just1294 (1 year ago)
Guaranteed*
fred stone (1 year ago)
keep more videos coming!!! Great ammunition!!! ;)
I seen how to explain A life insurance illustration to your client.
Brian Newton (2 years ago)
Excellent presentation. Do you have any discussions on prospecting?

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