✅ Get my free study guide: www.insuranceexamhelp.com/freestudyguide 📽 Watch this video to master life insurance policies: ua-cam.com/video/zcCOK4ztwec/v-deo.htmlsi=4AqhliyRNBSTESVV 💰 Click this link to apply to work as an agent with me: www.thejve.com/workwithme/
Currently studying for my state's Life exam. Third time is a charm they say but it's been a minute since my last attempt and now there's resources like this one that offer deeper clarity. Would be interested in working with one of your people for added coaching. Thanks!
I have two questions: Is there a difference between surrendering a policy and cancelling a policy? If so, what's the diff? And with Extended-Term and Reduced Paid-Up you are using the cash value to prepay another insurance policy. Do you then have two insurance policies (the one you used to buy [either ext. term life insurance or reduced paid-up whole life] AND the one you bought [either ext. term life insurance or reduced paid-up whole life])? Or does the new policy replace the old?
Surrendering a policy is when you take the entire cash value out and you no longer have a policy in force. Its the Cash Surrender nonforfeiture option. That results in policy cancellation but you get the cash value in exchange. With the Extended term or reduced paid up, it replaces the old policy and you have one new policy.
It means you take the remaining cash value when you surrender and use it to buy a term equal to the face amount of the whole life policy. The amount of time the term lasts will depend on the amount of money in the cash value.
HI Lisa!! I appreciate you reaching out. Due to the amount of support our agency provides our agency, we primarily hire people who are looking to put in a full-time commitment. Jumping into a full-commission position is definitely intimidating, so I understand people's hesitancy with that. However, with unlimited leads, in-call support, and extensive training, we have found that over 75% of new agents who put in a full effort make anywhere from $500-$1500 per week starting out. There are a few great companies out there for part-time agents. If you would like to email me at jve@thejve.com I can send you their names! Also, search on UA-cam for my sales channel to learn everything I train my agents on. Just search for "Justin vom Eigen" and you will find it!
✅ Get my free study guide: www.insuranceexamhelp.com/freestudyguide
📽 Watch this video to master life insurance policies: ua-cam.com/video/zcCOK4ztwec/v-deo.htmlsi=4AqhliyRNBSTESVV
💰 Click this link to apply to work as an agent with me: www.thejve.com/workwithme/
Studying for the exam now. This helped alot more than the book did, thank you 👌
I'm glad I was able to help Naim!! Thank you for watching! Did you pass your exam?!
Thanks for helping me pass my life insurance exam!
Congrats Aram!! Email me at jve@thejve.com and I will send you some life insurance sales tips!
Studying for my exam tomorrow. your videos are really helpful! thank you
Best of luck! Email me when you pass! Jve@thejve.com
Currently studying for my state's Life exam. Third time is a charm they say but it's been a minute since my last attempt and now there's resources like this one that offer deeper clarity. Would be interested in working with one of your people for added coaching. Thanks!
Hey!! Sorry for the late reply, IDK how I missed this. Email me at jve@thejve.com if you need more info on working with us!
Your videos are so helpful, thank you man
Im glad I can help you
Studying for my exam thank you so much!!
You're very welcome! If you would like a free study guide just email me jve@thejve.com
Madhu here from Bangalore. Thanks for the detailed explanation. I appreciate u.
My pleasure 😊
This was so helpful! Thank you!
An important point to remember is that the Extended Term option is the default option
Yes
I have two questions:
Is there a difference between surrendering a policy and cancelling a policy? If so, what's the diff?
And with Extended-Term and Reduced Paid-Up you are using the cash value to prepay another insurance policy. Do you then have two insurance policies (the one you used to buy [either ext. term life insurance or reduced paid-up whole life] AND the one you bought [either ext. term life insurance or reduced paid-up whole life])? Or does the new policy replace the old?
Surrendering a policy is when you take the entire cash value out and you no longer have a policy in force. Its the Cash Surrender nonforfeiture option. That results in policy cancellation but you get the cash value in exchange.
With the Extended term or reduced paid up, it replaces the old policy and you have one new policy.
Your videos are great, do you know where I can get some content for the health side of the exam?
I will be adding that over time
Great explanation!
Isn't the extended term a rider?
When does non forfeiture come up? I.e. during what part of the transaction.
When cash value accrues
@@InsuranceExam Ty for that. I am trying to understand in a word what it means... Non forfeit(ure)
Yes I want someone to work t
Just email me jve@thejve.com
You go so fast! Really helpful though!
I’m so nervous to take this and fail. So much depends on this career for me.
You got this!!! Email me at jve@thejve.com if yo;d like to work for me
Can u also suggest me how to get domain knowledge in US insurance
What do you mean about domain knowledge?
@@InsuranceExam like getting more knowledge on the insurance.
Key concepts like Cobra,Hippa and others
Extended term seems a little confusing does it mean you use your cv to pay for the extended term to not forfeit your face value??
It means you take the remaining cash value when you surrender and use it to buy a term equal to the face amount of the whole life policy. The amount of time the term lasts will depend on the amount of money in the cash value.
What about the non-forfeiture rate?
Not sure exactly what you mean
Peeped the Attack on titan poster in the background . Not a fan of that anime in particular but still. Respect 😂🎉
Haha ty Ashlee!! How is your studying going?
@@InsuranceExam passed my test second try free watching your videos a few days ago!!! 🥳🥳🥳
@@ashlee0039 wow!!! That’s awesome 👏 what company are you starting with?
Attack On Titans! 🤩
That’s right!!
If and when I pass my Life Insurance Exam, can I work part time with your Company? Work a full time job.
HI Lisa!! I appreciate you reaching out.
Due to the amount of support our agency provides our agency, we primarily hire people who are looking to put in a full-time commitment.
Jumping into a full-commission position is definitely intimidating, so I understand people's hesitancy with that. However, with unlimited leads, in-call support, and extensive training, we have found that over 75% of new agents who put in a full effort make anywhere from $500-$1500 per week starting out.
There are a few great companies out there for part-time agents. If you would like to email me at jve@thejve.com I can send you their names!
Also, search on UA-cam for my sales channel to learn everything I train my agents on. Just search for "Justin vom Eigen" and you will find it!
Thank you for responding!
You're welcome!
man so simple after you explain lol
Thats the goal!!!
Shinzo wo Sasageyo!!!!!
😂
You dropped this video right on time🥹I was struggling with this part so badd
Did it help?