Last week we hosted another Truth Training at the Houston Intercontinental Airport Marriott, and we had an extremely diverse group! While most attendees are insurance agents and/or financial advisors, this group of 25 attendees also included: a representative from the Penumbra Fund – comprised of life settlements – that many
Read MoreAll Calculators can have individual numbers changed inside the calculator when there is a bold blue line or a blue dotted line.
Read MoreYou can use Max Potential to prove the value of an income stream when talking about Disability Income insurance.
Read MoreIn the upper middle of the Income Tax Chart is the “Federal Income Tax / Gross Income %” Since this is mathematically correct but not technically accurate, you can click on it to hide. The reason it is not technically accurate is that our income tax does not change up or
Read MoreFor an Amortization Schedule on the Loan Analysis Calculator, you can switch the “Period Number” to “Start Date” by clicking on it and then your amortization schedule will have payments dates on it which you can adjust based on when you want the first payment to be.
Read MoreOn the Loan Analysis Calculator, if you want to show skipping a payment on the loan payback, go the the middle and click the “compare” button, then you skip payments or change them on the blue lines.
Read MoreYou can change the “year” on the left to an “age” by clicking on “year” and typing in the age
Read MoreYou can toggle on the “tax payment” button on the left to have it show the “tax ratio” instead.
Read MoreThe Whole Truth about EIUL Part II By Todd Langford Go here for Part One of this blog post: https://truthconcepts.com/the-top-10-reasons-not-to-buy-equity-indexed-universal-life One of the major problems with the agents and the companies that sell EIUL (Equity Indexed Universal Life, which is what it was originally called) or IUL (Indexed Universal
Read MoreSo let’s look at something a little different here, and let’s go to the borrowing strategy, here if we take the borrowing strategy and let’s look out over 30 years, no present value dollars, let’s put in 10,000 dollar a year. Okay, so what we see over this time is
Read MoreOn the Loan Analysis calculator, you can title each of the loans (in addition to changing the title on the title bar) by right clicking on “loan 1” or “loan 2” and typing in 30 year mortgage and 15 year mortgage etc.
Read MoreAverage Rates of Return are often touted by financial experts, and yet simple math can show us that Average does not equal Actual. Pretend that you invested $100,000 into a mutual fund that had promised an average rate of return of 25% if you left the money alone for 2
Read MoreBy Todd Langford, www.truthconcepts.com Mt. Enterprise,Texas The Whole Truth about Indexed Universal Life, Part 1 Why not sell (or buy) IUL/EIUL? How is it different from Whole Life? Insurance companies have put numerous pages on the front of Equity Indexed Universal Life (EIUL) illustrations that describe the issues below, but
Read MoreHow do we show what the difference between a 15 and a 30-year mortgage payment would look like if applied to a PUA (paid up addition) on a life insurance policy? Using the Loan Analysis Calculator we can see that when the savings rate and loan rate are the
Read MoreOur kids are too important to sacrifice to the status quo! Download a free version of Seth Godin’s manifesto on solutions for the college education dilemma, here is the link: http://www.squidoo.com/stop-stealing-dreams
Read MoreHow do I explain the difference between Total IRR and Annual ROR on Life Values? The Total Internal Rate of Return is based on the cash value (and we also have one based on the death benefit) and it starts very low and increases over time. It usually shows
Read MoreHow to tell the whole truth about Direct Recognition. There are two different methods insurance companies use to handle the loaned cash value — direct recognition and non-direct recognition. In a non-direct recognition company, the earnings rate on cash value is totally unaffected by any loans against cash value. In
Read MoreOn the Borrowing Calculator, just left of the first loan, there is a blank white space where you can place your mouse and it will switch to a hand. If you click on this, you’ll see the IRR on the entire deal you are looking at on that calculator.
Read MoreThe Whole Truth about Life Insurance Loans, Simple or Compound Interest? Investopedia explains Compound Interest as “The more frequently interest is added to the principal, the faster the principal grows and the higher the compound interest will be. The frequency at which the interest is compounded is established at
Read MoreLife Insurance Loans, In Advance or in Arrears? The Whole Truth An issue that is often incorrectly talked about as an advantage, is the idea that the insurance company charges a lower interest when interest is paid up front (in advance) versus at the end (in arrears). The whole
Read MoreLife Insurance Loans: Where does the interest go? The Whole Truth: Life insurance companies charge interest when we borrow their money just like banks and credit unions and other financial institutions do. Many statements are made in the market place about how we borrow our cash value. This is
Read MoreA Recreation of the 1933 Gold Confiscation Requirement Document Could something like this happen again?? It’s a bit shocking to thin that less than 100 years ago, the U.S. government saw confiscation of it’s citizen’s wealth as an option! Click on the red link directly below to download a full-size
Read MoreHow do I input an inforce ledger into the Life Insurance Values worksheet? Open the Permanent Life Insurance or Life Insurance Values Tool (you’ll find “Tools” to the right of “Calculators” on your Truth Concepts dashboard.) Select radio dial “Inforce”. A box will appear asking for Existing Cash amount. Enter
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Welcome to the Truth Concepts Blog. We’re delighted you are here! You’ll find many examples and tips for using Truth Concepts in our posts, along with other helpful information you can use in your business. Have you heard about our Free Ten-Day Trial? Click here for details. Looking for something
Read MoreThe Life Expectancy tables in the Truth Concepts Calulators “Tools” section show the AVERAGE number of years a particular person will live. You can choose the age, male/female, standard/preferred, smoker/non-smoker and joint/single. Then remember that the number of years you see in the L.E. column is an average. For example,
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