Interpolation in Life Insurance Values When working with a client, there are times you’ll want to get specific and times when it’s okay to be more general. For example, if you’re simply conveying a concept to a client, being “general” with numbers is okay. In fact, it’s often preferred because
The Importance of Cash You’ve heard the phrase, “Cash is King.” What it suggests is that cash, and cash flow, are more valuable than any other investment tools. The phrase itself is widely used in the world of finance, but we think that it applies a little differently. When it comes
The Life Insurance Values tool is an invaluable way to showcase life insurance illustrations, including ones already in force. This means it’s ideal for using in an annual review with a client who wants to see how their policies are doing, and maybe even what else they can do in
As you know, in the early months and years of a whole life policy, the PUAs are more efficient than the base premium as far as generating cash value for the policy. While the base premium alone can take years to generate a positive internal rate of return where cash value is concerned, the PUAs are converted to cash value right away, which increases the efficiency of the policy overall.
However, after 5-7 years of funding a whole life policy, the impact of the PUAs appears to lessen. Illustrations of a policy funded with maximum PUAs vs. no PUAs at all show that, several years into the policy, the PUAs no longer have a dramatic affect on the internal rate of return of the policy.
The Life Insurance Values tool, or Life Values for short, is one of the most useful tools for the life insurance agent. It is compatible with many of the Truth Concepts calculators and makes them even more useful. If particular, the Life Values tool helps you compare life insurance to
The Life Insurance Values tool (or simply Life Values) is one of the most valuable tools in the Truth Concepts suite. With it, you can upload your life insurance illustrations and use that data in other calculators such as Asset Flow, Diversification, Funding, and more. You may not know that
Have you ever gone to copy and paste life insurance values, and were unable to because the PDF isn’t editable? The Truth Concepts OCR File Converter is your solution, and it’s not as complicated as it sounds. In fact, this feature may make inputting your life insurance values easier than
Importing illustrations into Life Insurance Values properly is essential to getting the most from the Truth Concepts software. The importing process will look different from carrier to carrier. Some insurance carriers will export illustrations into a PDF, some will export into an Excel spreadsheet. No matter how the insurance company
Before you can use the suite of Truth Concepts calculators, you’ll want to make sure you’ve imported your life insurance data in the Life Insurance Values, under the “Tools” drop-down menu. With recent updates to both Truth Concepts and Lafayette Life, the process for importing life insurance data from this
Many advisors focus on the internal rate of return when analyzing a policy, but it neglects the whole truth. So what’s the difference between IRR and ROR, and why does it matter?