The rule of 72 is one of those “universal laws” that was first referenced in print in 1494. Learn what the rule of 72 is, and why it is important for you to know how it works.
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Did You Know is a weekly Life and Living Benefits Insurance Tips & Tools e-mail to remind or help you with the nuances of selling and servicing your client’s insurance needs.
Helena has some terrific advice in her newsletters. Her content is clear and valuable.
Wayne Cotton, Cotton Systems Inc.
December 21, 2011:
The Rule of 72
December 14, 2011:
You Can’t See the Future Looking in the Rear View Mirror
Successful advisors make planning and monitoring their results a habitual practice. Improve your life insurance sales with these simple planning tips!
December 7, 2011:
Approaching the finish line
How are end of life and end of year related? Read this week’s Did You Know to find out!
November 30, 2011:
Participating Insurance and the Leveraged Loan Concept in Canada
The leveraged loan concept is often why advisors recommend purchasing a large life insurance policy as an investment for high net worth individuals
November 23, 2011:
Banks and the Leveraged Loan Concept in Canada
The leveraged loan concept in Canada is talked about as a slam dunk, yet Canadian banks are NOT obligated to provide these loans and many will not accept life insurance products as collateral on these types of loans.
November 16, 2011:
10 “Must Do”s for the Term Insurance Renewal Meeting
Did you know that advisors who viewed Term Insurance Renewals as easy pay days in the past are now facing disgruntled clients? These clients are surprised and not only chocking on the increase for their term insurance, but are ‘mad as hell’ with their limited choices because of insurability issues!
November 9, 2011:
Top 10 Tips for Leaving Voice Messages
Did you know that between 50% to 67% of all calls end up going to voicemail? Try these 10 simple tips to get your message heard instead of deleted.
November 2, 2011:
Canadians with U.S.A. residences and the “Substantial Presence” Test
Canadian tax payers present in the U.S.A. for 31 days or more, but less than 183 days, in a calendar year likely meet what is called the “substantial presence” test.
October 26, 2011:
Little Known Facts About Paid Up / Bonus Additions & Overfunding Participating Insurance Contracts
Did you know that the cost of paid up / bonus additions can be changed at any time by the insurance company?
October 19, 2011:
Overfunding of Participating Insurance Policies
Did You Know that some participating (par) insurance policies can be overfunded? This means that the insurance company allows the policy owner to contribute more money to their policy than the amount of the annual cost/premium. The additional amount of money contributed is then used to buy more paid up additions/bonus additions than would be bought by the annual dividend.
