Category: Distribution

7 Ways To Use The Death Benefit

  In this recent presentation, Truth Concepts™ did for The National Network of Estate Planning Attorneys we demonstrate how to determine the rate of return on the cash value of a policy as well as take you through the 7 ways to use the death benefit. This is also a good tutorial on the use of the Funding, Diversification and Distribution calculators.  

Read More

How to show different payout timeframes on distribution

How do I show a 50 year period but a 20 year Pay Down so that Distribution 1’s income is still based on Interest Only and Distribution 2’s income could for example, use a death benefit to improve cash flow and spend Interest and Principal but only for 20 years.  If I show a 50 year measurement of money the second person doesn’t run out at age 84, but I want to illustrate 50 years for both examples, but Distribution 2 running out in 20 yrs.  Make the Illustration Period

Read More

Truth Tip, Distribution

When working with the Distribution Calculator, once you’ve pushed either the “Interest Only” or “PayDown” button, it turns blue (meaning it is on) and puts the correct withdrawal amount in the withdrawal field.  Then, if you make a change to the Earnings Rate, Illustration Period, or Present Value, it will automatically re-calculate the Withdrawal amount. If you press the button again (no color) it will turn off the automatic function and subsequent changes to other fields will have no impact upon the Withdrawal amount. This can be helpful if you want to calculate a Withdrawal amount based upon a certain

Read More

Truth Tip on Distribution Calculator

When running a 41 year analysis, say from 65 to 105, yet you want a paydown for only 20 years, se the illustration period to 20, click the paydown button, then click it again (turns it off) then change your illustration period to 40 so you can see the 20 year paydown.  Then, in the Other Net Income section you could add Reverse Mortgage Income or Dividend Income from age 86 to 105.  Definition of “Additional Income” is “net after taxes but before qualified plan deduction”.  For example, if someone

Read More

Truth Training, Jan. 2023 | Catch the early bird discount while you still can!