Pacific Life Policy Performed 22%

[Allen Trent]

By the way Ameritas does not charge a premium load to employees.

View attachment 8329

nice. What is the requirement to get the employee discount? Actual W2 employee or 1099 agent with little or no production?

Also, shocked a restrictive state like California would allow a special perk like waiving large load fees to be offered to only "insurance people & employees" when not offered to general population.

I like that they do this, but not sure how useful it will be in terms of sales opportunities unless you are set up near the headquarters

 

[Lloyds of Lubbock]

When I was with my previous company, they gave a discount on base premium and unisex rating which is great for a male.
They keep the discount even though I am retired and don't work there anymore.

 

[scagnt83]

nice. What is the requirement to get the employee discount? Actual W2 employee or 1099 agent with little or no production?

Also, shocked a restrictive state like California would allow a special perk like waiving large load fees to be offered to only "insurance people & employees" when not offered to general population.

I like that they do this, but not sure how useful it will be in terms of sales opportunities unless you are set up near the headquarters

That is interesting its allowed in CA. I know they specifically have not approved policy riders doing so for policy owners.

 

[DHK]

nice. What is the requirement to get the employee discount? Actual W2 employee or 1099 agent with little or no production?

Also, shocked a restrictive state like California would allow a special perk like waiving large load fees to be offered to only "insurance people & employees" when not offered to general population.

I like that they do this, but not sure how useful it will be in terms of sales opportunities unless you are set up near the headquarters

Sounds like it's in line with FINRA allowing no-load A-shares to FINRA registered reps.

 

[Allen Trent]

Sounds like it's in line with FINRA allowing no-load A-shares to FINRA registered reps.

That is completely different. The rep is waiving getting paid. Why charge yourself a load fee to then get paid the load fee as compensation as taxable income.

An IUL not charging the premium load for an employee likely doesn't eliminate the commission being paid to the agent. Unless this employee discount is really fit the agent buying their own plan more than it is for an agent to sell the policy to other employees of the company

 

[ejbarraza]

nice. What is the requirement to get the employee discount? Actual W2 employee or 1099 agent with little or no production?

Also, shocked a restrictive state like California would allow a special perk like waiving large load fees to be offered to only "insurance people & employees" when not offered to general population.

I like that they do this, but not sure how useful it will be in terms of sales opportunities unless you are set up near the headquarters

Any 1099 agent with zero production can qualify. It is intended for agents to buy their own Ameritas policy. It is definitely not able to be used on family members so no potential sales opportunities. I believe they do not pay the agent a commission.

 

[Allen Trent]

Any 1099 agent with zero production can qualify. It is intended for agents to buy their own Ameritas policy. It is definitely not able to be used on family members so no potential sales opportunities. I believe they do not pay the agent a commission.

so, this is basically like what @DHK was saying can be done with mutual funds. Basically, buy without the sales load because no commission being paid. Makes sense now. Mutual funds allow the A share to be bought at NAV value, usually for the rep, their kids & their parents

 

[ejbarraza]

So Pacific Life put out a new IUL product with Volatility Controlled Indexed Accounts and added them to in-force contracts. This coupled with the Enhance Performance Factor Rider can generate consistent returns above the maximum illustrated rate. Also, more proof that the 5-year index option trounces the competition's indexed accounts when coupled with the multiplier.

 

[Allen Trent]

So Pacific Life put out a new IUL product with Volatility Controlled Indexed Accounts and added them to in-force contracts. This coupled with the Enhance Performance Factor Rider can generate consistent returns above the maximum illustrated rate. Also, more proof that the 5-year index option trounces the competition's indexed accounts when coupled with the multiplier.

View attachment 8339
View attachment 8335 View attachment 8336 View attachment 8337 View attachment 8338

Do those other carriers have a 4.98% or 7.5% design charge.

Honest question, in a flat year on $100k cash value, does this mean a client could would see their following anniversary be at $92,500 because of the 7.5% design charge in addition to whatever the annual COI charges are?

 

[scagnt83]

The literal definition of a Volitility Control Index is that it limits the gains.

It also limits losses.... which is a moot point in an index product.

This was not a move that will incease returns on policies. Its the opposite.

A higher Cap is meaningless if the volitility target is lower than the Cap.

---

Longer index segments always have higher historical returns. But historical returns are not actual returns. Lots of people regret their 2y & 3y index choices that termed in 2022, same will likely be said for the ones that term in 2023.

Diversification is important despite the historical averages.