5 Ways To Design Your Whole Life Policy | 10/90, 40/60, 17/83, 30/70, 100 Base

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  • Опубліковано 31 лип 2024
  • We'll be showing you 5 different whole life policy designs and comparing which one's are
    better for your specific needs and wants. We'll be showing you these 5 -
    10/90, 40/60, 17/83, 30/70, 100 base
    More FREE Whole Life Insurance education and resources - bttr.ly/vault
    Get Your Questions Answered by one of our Life Insurance Experts - www.andasset.com/clickhere
    *This video is for education purposes only and is not financial or legal advice.
    Timestamps:
    0:00-0:46 - Overview
    0:47-3:57 - 100 Base Policy Design
    3:58-6:59 - 30/70 Policy Design
    7:00-8:16 - 17/83 Policy Design
    8:16-14:04 - 10/90 vs 17/83 Policy Designs
    14:05-20:45 - 40/60 vs 10/90 Policy Designs
    20:46-22:20 - Final Thoughts
    ==================================================
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    ======================
    Financial Advice Disclaimer: All content on this channel is for education, discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
    DISCLAIMER: bttr.ly/aapolicy

КОМЕНТАРІ • 36

  • @AndAsset
    @AndAsset  Рік тому +1

    What's your favorite kind of policy design we showed?

    • @kheprisol3132
      @kheprisol3132 4 місяці тому +1

      Definitely the 17/83.

    • @AndAsset
      @AndAsset  4 місяці тому

      @@kheprisol3132 Love that!! Lets get it!!

  • @dominicrufran7745
    @dominicrufran7745 Рік тому

    Bringing the squad back!

  • @dylanrobertson68
    @dylanrobertson68 Рік тому +3

    I really appreciate these comparisons brothers ! Very informative on this very touchy subject.

    • @AndAsset
      @AndAsset  Рік тому +1

      Dylan! As always great to hear insight from someone of your caliber it is much appreciated brotha!

    • @dylanrobertson68
      @dylanrobertson68 Рік тому

      @@AndAsset ha It’s because of podcasts like this that I can understand anything about policy design and CV !

  • @northupupgrages09
    @northupupgrages09 4 місяці тому +1

    Here learning MORE!!

  • @MomentoMori769
    @MomentoMori769 10 місяців тому

    This was helpful!!

    • @AndAsset
      @AndAsset  10 місяців тому

      Amazing!!! Glad we could help!!

  • @bestdayeverTV
    @bestdayeverTV 10 місяців тому

    Thanks for the comparisons!

    • @AndAsset
      @AndAsset  10 місяців тому

      Of course!! Thanks for watching!

  • @maxpruger837
    @maxpruger837 Рік тому +3

    Wow, an actual honest comparison. Great job guys.

    • @AndAsset
      @AndAsset  Рік тому +1

      Thanks Max! We try to be as open and as transparent as possible! It is appreciated!

    • @maxpruger837
      @maxpruger837 Рік тому +2

      @TheAndAsset I've seen some really misleading comparisons where an agent compares a 10/90 paid in for 12 years to a 40/60 paid in for 30 years then declares the 40/60 the winner because it has more CV (well duh it had 18 years of additional payments). Or, I saw a comparison with a 10k premium but the 40/60 started with a 40k dump in year 1. The transparency is refreshing especially considering that you, as the agent, would personally make less money selling 10/90 policies.

    • @AndAsset
      @AndAsset  Рік тому +1

      @@maxpruger837 I have seen those before as well. It is unfortunate that Information like that is being produced but with support like yours it’s definitely encouraging for us to keep sharing the truth and being transparent so we appreciate you!

  • @annalee4488
    @annalee4488 Рік тому +1

    How do you define the base rate? I'm sorry Im a little bit confused because the premiums are all the same but the difference is the amount you put in the PUA which affects the rate of the cash value and death benefit. Thank you

    • @AndAsset
      @AndAsset  Рік тому +1

      There is two main parts the base and the PUA. The base is the insurance premiums (think of payments for death benefit) And PUA goes to cash. We can determine how much of your dollars goes to base and to pua. Here is a video explaining base a little more in depth. ua-cam.com/video/iyYfLNrHPu0/v-deo.html

  • @adriatic670
    @adriatic670 2 місяці тому +1

    How did you learn to set up a policy like this . I am currently and agent and I want to learn to properly design a policy like this for my clients

    • @AndAsset
      @AndAsset  Місяць тому

      Email me at Dom@betterwealth.com

  • @lucydguzman6560
    @lucydguzman6560 10 місяців тому +1

    Do you have these in a PDF ???

    • @AndAsset
      @AndAsset  10 місяців тому

      I do! These are actually pdfs that I am showing in this video! Is there something specific you would like to see?

  • @InnerSpectrumInsights
    @InnerSpectrumInsights Рік тому +1

    I noticed for all the policies showed in the video, the PUA always paid until the year 20? What if only pay into the 10th year?

    • @AndAsset
      @AndAsset  Рік тому

      You can do that! It’s up to you how long you would like to pay the PUA! This was just the example we used.

    • @InnerSpectrumInsights
      @InnerSpectrumInsights Рік тому +1

      @@AndAsset If the 10 year pay PUA policy can keep the same cash value growth velocity like the example in the video, why pay extra 10 year PUA into the policy?

    • @AndAsset
      @AndAsset  Рік тому +1

      @@InnerSpectrumInsights compound interest consists of 3 components. Time, volume, and rate. If we can keep the same rate, and we are going to have the same time compounding regardless if I pay into it for 10 or 20 years since this policy is till I die, well then the only thing we can change is the volume of money. The more money you can put into it the Better it will be! So paying into it for 20 years instead of 10 doubles the amount I put into it!

    • @maxpruger837
      @maxpruger837 Рік тому +1

      If you only want to pay for 10 years, certain companies offer a 10-pay policy which maximizes the growth after year 10.

  • @shaunIRL
    @shaunIRL 2 місяці тому +1

    whats the company ? 14:05

    • @AndAsset
      @AndAsset  2 місяці тому

      Lafayette Life

  • @MomentoMori769
    @MomentoMori769 10 місяців тому

    How do you track after you get a policy?

    • @AndAsset
      @AndAsset  10 місяців тому +1

      You get a portal online or in an app to see the growth of your policy and you can also get a report every year showing the projections of your policy.

    • @MomentoMori769
      @MomentoMori769 10 місяців тому

      @@AndAsset does the app or online portal, show you the variance between actuals and projected? In other words are we out performing or underperforming out initial projections? Does it show IRR? or just dollar value?

    • @AndAsset
      @AndAsset  10 місяців тому +1

      We can run a report to show IRR as well before and after starting the policy and we can always compare the original to the new report ran. This isn't in the portal or app though, it has to be run by the agent or the insurance company. @@MomentoMori769

  • @stevem5580
    @stevem5580 11 місяців тому +1

    “What could change in 30 yrs on the illustrations” NEEDS to change to what could happen in 6 yrs on the illustrations.
    Fiscal dominance, CBDCs, sovereign debt, default, monetary devaluation, war, energy inflation, ..
    $50k paid in for 6 yrs, the cash value will have FAR less purchasing power than today’s dollars.