Truth Concepts is about showing clients the truth of ALL things financial. Whole life insurance is often left out from financial software because it’s notoriously difficult to calculate in a reliable way. That’s why Truth Concepts put in the work–so that you have a way to prove how whole life
One of the great benefits of using the Real Estate Calculator is that it automatically calculates the Net Cash Out of a deal, as well as your resulting Rate of Return. All you or the client must do is plug in the numbers, and you’ll see how good your deal
One reason the stock market is so well-regarded in typical finance is because people believe they can get a 12% “average” ROR. When combined with dollar-cost-averaging, people think they can “beat” the downsides and only experience the upsides of the market. And while most people know logically that average doesn’t
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.
When analyzing deals, you must pay attention to more than the interest rates alone. In the past few weeks, GM published an offer for a 2020 Escalade. The offer was either for 2.99% APR, or a $9,500 rebate. Is the offer all it’s cracked up to be? Let’s find out.
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?
The new Truth Concepts app has launched, providing an opportunity for anyone to make financial calculations at their fingertips. The beauty of the app is that you can use it on the go, which means you’ll have easy access to it when you’re buying a car, looking at loan options,
Even a seasoned financial advisor can be vulnerable to certain blind spots within the field, what matters is recognizing and learning from these blind spots. Here we have gathered a list of the seven major areas in which advisors can falter, to save you from the same oversights. 1. Forgetting
New Truth Concepts Client Presentations! We’ve been busy loading up our Truth Concepts YouTube channel with videos for you! Now there are 15 videos featuring Todd Langford and/or Truth Concepts software. The YouTube channel houses our Truth Concepts, Truth Concepts, and Summit videos, as well as several presentation videos and