Category: Life Insurance Values

Life Insurance Loans, In advance or Arrears?

Life 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 truth is that there is a different factor (not a different interest rate) used to calculate the amount of up front interest that has to be paid.  This factor can be calculated by reducing the Annual Interest Rate by the

Read More

How to Input Inforce Ledger into Life Insurance Values Worksheet?

How 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 the Cashvalue on the policy’s current status report in this box.   Put age and policy year in on top left and fill in description so you’ll know which illustration you copied. Next to it, an “As of:” box will appear, allowing you

Read More

Tutorial Life Insurance Values

Hello and welcome to a tutorial on a new Truth Concepts tool called Life Insurance Values.  Todd Langford will show how you can use the Life Insurance Values tool to cut down the time you spend copying and pasting information into the Truth Concepts calculators and drastically show the whole truth about life insurance.  Go ahead Todd. The new tool is called Life Insurance Values and right here under the Tools menu at the bottom we see Life Insurance Values.  And this is a place that we can load 6 permanent

Read More

Truth Tip, Life Insurance Values Tool

When importing the values from the tool to the Internal ROR calculator, take note that the IRR calculator AUTOMATICALLY adjusts the number of years for the illustration period.  This is because the values in the IRR calculator are all beginning of year and the values on the illustration are all end of year. For example, you’ll see in your Life Insurance Values a table running 30 years, but it will show up as only 29 years under the IRR calculator.

Read More