Policy Design, Dividends, Commissions, and YOUR Money | IBC Global, Inc
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All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and IBC Global Inc is made for informational purposes only.
#Finance #WholeLife #Insurance
Fantastic!! I Love all your educational videos. Keep up the great service you’re providing!!
Thank you! Really appreciate the comment. We'll keep aiming to provide transparency!
3:00 3rd yr 14:30 26:45 27:15 28:30
My design preference is for a higher cash value initially. As an investor, my need to being able to borrow from the policies as immediately as possible is more important than the final details 30-40 years out.
Fully agree. The reality is that the higher upfront cash values often result in greater values long-term as well.
What would happen if the dividend rate sky rocketed to something like 4-5% (or the hugest it’s ever been in the last
100years)? Would the 90/10 still be the winner in the long run?
Based on historical data, yes, a minimum premium policy would still produce strong net cash values. We've noticed that Whole Life Insurance tends to "under-deliver" in terms of actual values, compared to the illustration. A consistency we've noticed is that the higher the base premium is, the "under-performance" gap widens. Insurance companies adjust their Dividends, insurance expenses, and mortality charges over time as needed. The base premium is impacted more so than other components.
I know that is a lot of info. Let me know if you have any questions or would like to see specific examples. Always happy to help.
30:57 robustly
LOL!!! Thank you! Much appreciated - Steve :)
Fantastic detailed video.
Many thanks my friend!
Is mental illness considered a health issue that would adversely affect a potential clients qualification for a cash value policy
Excellent question. Mental illness can impact the health rating on a policy but depends on the condition and our health history. A mental illness can result in a decline, but may not impact a rating at all and one can still receive a preferred rating.
Let me know if this helps :)
@@IBCGlobalInc yes. Do you have any agents or are you affiliated with an agency in Dallas that I would be able to consult with in person?
Hey Steve, could you make a video that shows what happens. If you have a policy designed say to pay 50k a year for 10 years. And then you decide you want to stop paying the premium after year 3. Would the policy ever mec and what effect would it be if you did or did not max the pua out over those previous 3 years
Yes. Can definitely do that. Great idea!
Are you guys familiar with investment grade insurance contracts?
Sure. It is an over-funded cash value life insurance policy. Some will blend a qualified plan and LLC in the mix but the policy design is the same thing at the end of the day.