I love that, I was a big supporter of your TikTok content for a while before I got off the platform; keep sharing the good message, man!!! Doing awesome work!
On another note, keep up the good work. There’s a such thing as constructive criticism and the comments above just isn’t it. They’re probably complaining because they’re not doing it. I appreciate the content you and Better Wealth puts out.
Lol. Ok Corey, let’s see your policies then. Anything said was nothing about their content- which I actually complimented them on but simply about their presentation. When dealing with big $ this stuff appeals to mature audiences
@@ptc3619 thanks again, I thought It was a fair assessment. Something I never really considered before. So again thank you. I’m always open to improving, Something I’m going to discuss with the team going forward. And at the same time we appreciate Corey looking out having our back the support is invaluable!
Thanks so much for displaying the book 'Chase the Lion' by Mark Batterson. Truly a GREAT read. Love what you do, keep on Chasing the Lion and running toward the Roar!
We own both of Penn’s individual WL products. I remember Steve at IBC Global saying that Penn had much less-flexible PUA payment options than competitors. I am not sure if the options have changed since that video was made, but I think Penn is pretty flexible: Can’t make up missed PUAs from Year 1; starting in Year 3 you can make up missed PUAs from Year Two; in Year 4 you can make up from Year 3… and so on.
How you stated the PUA works is correct. But if you find that as non flexible than we could say it isn't flexible. In my opinion though if you are having to do a catch up from the first year you likely should not have started a policy in the first place. Outside of that it is just as flexible as any other company I am aware of. Mass would be the one company I know that creates some inflexibility with some of its products. (Which still isn't that bad)
@@AndAsset Could you tell me which company, in your experience, has the most flexible PUA payment options---and what their specific catch-up provision is? Thank you!
I'm surprised that National Life Group isn't here. They don't seem to be a bad company for IBC. My main complaint is that they have some absurdly short periods for term conversions, but their whole life policies have some powerful riders. I haven't illustrated with them, but their product guide for agents is very promising and competitive.
I appreciate the validation. I always love hearing from people doing great things, so thank you for your input! And with the NWM, I can definitely see where you are coming from as well!
I'd be interested to hear more about loan terms. Doesn't Guardian offer a 3.5% fixed for mature policies? I think Allianz does something similar for their IULs...
Guardian's fixed loan rate is currently 5%. After the 10th year, you can choose to keep it fixed or switch to a variable rate. If you keep it fixed at year 20, it goes to be 3.5%. So yah you know your stuff :)
@@jaycox1836 Even more powerful is education, so one day, they will make enough to fund and utilize their own policy! And it sounds like you have the ability to give that gift!
@@jaycox1836 Hey, if you know what you are doing and understand the risks, levers, and leverage. It sounds like a great opportunity, especially if you know what you are doing at a 3.5% loan rate. The math definitely ought to work out!
That’s great! It completely depends on what your goals are with the policy. The cost of it is based on how you structure the policy and it needs to be specially designed to work efficiently for infinite banking. If you’re interested, feel free to give our team a call or email us to ask any questions you have. We set up these types of policies everyday! Clarity call: www.andasset.com/clickhere Email: info@betterwealth.com
In my opinion, just because something is a non-direct recognition loan that doesn't make it better or worse. And for NYL's CWL, I don't know what makes it any more special than any other product out there. .?
@@AndAsset well yeah having dividends keep coming in while taking the loan is a huge benefit. CWL i can limited pay the base for any number of years which is great for SLIRP. Im not insurable because Im a reservist but on my wife 90/10 base only to age 60. Or ill go 60/40 with disability waiver of premium since that rider doesnt cover opp
@@Solafide762 On a direct recognition loan, the policyholder still gets a dividend on the loaned amount. It just gets adjusted. That is a big misconception that people think you get zero dividends on the loaned amount with a direct recognition loan. And that is great, but most companies can offer this same type of concept of 10/90 or 40/60 (Base is first) with a premium of waiver rider. I think NYL life is a great company, I really do btw!
@@AndAsset but yeah thanks. Just couldnt be happier to be away from my old company, one of those stock companies that only do UL/IUL/VUL. I legitimately don't understand how people can consciously sell those, I was a fanboy until i got them for my kids and actually read the book then i vomited for a week.
Appreciate you watching and for giving your feedback! Any suggestions for what you think would be more appealing for thumbnails on UA-cam for the life insurance space?
Hey Dom, this is one of the more valuable videos I've watched. I'll start my series of questions with this. When talking about Penn Mutual, increased PUA load charge was listed as a con. What's a PUA load charge? Is it a fee associated with PUAs?
At 9:40 "who knows what the future consequences of that are"? What are some possible future downsides to a 6/94 policy? Does a 6/94 apply to front load policies or non-front load ones?
This is awesome. I put most of my business with Penn, and just signed on with Lafayette about 6 months ago
I love that, I was a big supporter of your TikTok content for a while before I got off the platform; keep sharing the good message, man!!! Doing awesome work!
@@AndAssetAwesome, thanks!
@@snellerfinancialservicesll5303 Of course!!
On another note, keep up the good work. There’s a such thing as constructive criticism and the comments above just isn’t it. They’re probably complaining because they’re not doing it. I appreciate the content you and Better Wealth puts out.
Lol. Ok Corey, let’s see your policies then. Anything said was nothing about their content- which I actually complimented them on but simply about their presentation. When dealing with big $ this stuff appeals to mature audiences
My guy!!! We appreciate your support on the channels! It means more to us than you know!! 💪🏽🙏🏽🙏🏽 thank you!!
@@ptc3619 no need to see my policies. If you can do better, create your own page and see how you do.
@@ptc3619 thanks again, I thought It was a fair assessment. Something I never really considered before. So again thank you. I’m always open to improving, Something I’m going to discuss with the team going forward.
And at the same time we appreciate Corey looking out having our back the support is invaluable!
@@AndAsset nothing but love 💯
Thanks so much for displaying the book 'Chase the Lion' by Mark Batterson. Truly a GREAT read. Love what you do, keep on Chasing the Lion and running toward the Roar!
I am glad we are alike! Thanks for the support and noticing!! Same to you!!!!
Hey thanks Dom! I appreciate it brother I was hoping you guys would come around on foresters and one America !! Excellent video buddy!
Hey well, thanks for the support through the thick and thin ;) Hope all is well in your world!
Great stuff. If we could just combine the benefits of Guardian and Mass, we'd have a perfect policy ;)
Agreed! If you took the best from each company in the space, you would create a super company. Beats me why no one has done it! One day......
We own both of Penn’s individual WL products. I remember Steve at IBC Global saying that Penn had much less-flexible PUA payment options than competitors. I am not sure if the options have changed since that video was made, but I think Penn is pretty flexible:
Can’t make up missed PUAs from Year 1; starting in Year 3 you can make up missed PUAs from Year Two; in Year 4 you can make up from Year 3… and so on.
How you stated the PUA works is correct. But if you find that as non flexible than we could say it isn't flexible.
In my opinion though if you are having to do a catch up from the first year you likely should not have started a policy in the first place.
Outside of that it is just as flexible as any other company I am aware of. Mass would be the one company I know that creates some inflexibility with some of its products. (Which still isn't that bad)
@@AndAsset Could you tell me which company, in your experience, has the most flexible PUA payment options---and what their specific catch-up provision is? Thank you!
@@paulhanley3098 Let me make a video; this is more than a couple-sentence response!
@@AndAsset Fair enough!
I'm surprised that National Life Group isn't here. They don't seem to be a bad company for IBC. My main complaint is that they have some absurdly short periods for term conversions, but their whole life policies have some powerful riders. I haven't illustrated with them, but their product guide for agents is very promising and competitive.
Agree on top 2, might slot NWM a little higher, but overall great content.
I appreciate the validation. I always love hearing from people doing great things, so thank you for your input! And with the NWM, I can definitely see where you are coming from as well!
Great to hear that Lafayette is #2. 🥳
Haha do you have a policy with them?
I'd be interested to hear more about loan terms. Doesn't Guardian offer a 3.5% fixed for mature policies? I think Allianz does something similar for their IULs...
Guardian's fixed loan rate is currently 5%. After the 10th year, you can choose to keep it fixed or switch to a variable rate. If you keep it fixed at year 20, it goes to be 3.5%. So yah you know your stuff :)
@@AndAsset a 3.5% fixed infinite bank seems like an awesome gift for a kid... now I just need to find wealthy godparents to fund them.
@@jaycox1836 Even more powerful is education, so one day, they will make enough to fund and utilize their own policy! And it sounds like you have the ability to give that gift!
@@AndAsset take the 3.5% fixed loan and use it to purchase covered call ETFs that repay the loan and buy the next policy? 😉
@@jaycox1836 Hey, if you know what you are doing and understand the risks, levers, and leverage. It sounds like a great opportunity, especially if you know what you are doing at a 3.5% loan rate. The math definitely ought to work out!
Good video. I think you should invest in better lighting.
The thing is I have I think I am just a noob on how to use it! Do I agree with you! But thank you!
Needed this!
@@CokeysCasino Awesome!
Can you explain the term rider, illustrated with numbers if possible, how does it work, how is it applied, a visual to understand it. Thx
Will do! We’re going to be releasing a ton more in-depth life insurance videos, showing and explaining policy designs and structure!
I'm a licensed agent interested in setting up my own infinite banking policy. Could you provide information on the associated costs?
That’s great! It completely depends on what your goals are with the policy. The cost of it is based on how you structure the policy and it needs to be specially designed to work efficiently for infinite banking. If you’re interested, feel free to give our team a call or email us to ask any questions you have. We set up these types of policies everyday!
Clarity call: www.andasset.com/clickhere
Email: info@betterwealth.com
Huge miss on NYL with non-recognition loans and CWL
In my opinion, just because something is a non-direct recognition loan that doesn't make it better or worse. And for NYL's CWL, I don't know what makes it any more special than any other product out there. .?
@@AndAsset well yeah having dividends keep coming in while taking the loan is a huge benefit.
CWL i can limited pay the base for any number of years which is great for SLIRP. Im not insurable because Im a reservist but on my wife 90/10 base only to age 60. Or ill go 60/40 with disability waiver of premium since that rider doesnt cover opp
@@Solafide762 On a direct recognition loan, the policyholder still gets a dividend on the loaned amount. It just gets adjusted. That is a big misconception that people think you get zero dividends on the loaned amount with a direct recognition loan.
And that is great, but most companies can offer this same type of concept of 10/90 or 40/60 (Base is first) with a premium of waiver rider. I think NYL life is a great company, I really do btw!
@@AndAsset to my knowledge DWOP only covers base. Tbh the agent is 10x more impoetant than the company.
@@AndAsset but yeah thanks. Just couldnt be happier to be away from my old company, one of those stock companies that only do UL/IUL/VUL. I legitimately don't understand how people can consciously sell those, I was a fanboy until i got them for my kids and actually read the book then i vomited for a week.
Hello sir Are you looking for a professional UA-cam thumbnail designer and video SEO expert?
Are you saying gour thumbnails aren't very good? lol
@@AndAsset how can i connect with you
@@mdnahidseo my email is dom@betterwealth.com
Good content, but your guys’ age shines through with those goofy thumbnails
Appreciate you watching and for giving your feedback! Any suggestions for what you think would be more appealing for thumbnails on UA-cam for the life insurance space?
@@AndAsset Anything without making a face, or goofy expression. Just my opinion is all
Appreciate it! We’ll take that into consideration!
Hey Dom, this is one of the more valuable videos I've watched. I'll start my series of questions with this. When talking about Penn Mutual, increased PUA load charge was listed as a con. What's a PUA load charge? Is it a fee associated with PUAs?
At 9:40 "who knows what the future consequences of that are"?
What are some possible future downsides to a 6/94 policy? Does a 6/94 apply to front load policies or non-front load ones?
TY.
150424
And thank you!!!