Products & Services
This financial tool helps families identify their financial needs and evaluate areas such as life insurance protection, retirement planning, and wealth building.
(FNA)
Financial Needs Analysis
This motto reflects the company's commitment to helping families improve their financial futures
No Family Left Behind
This method is used to calculate a person's insurable need
_____ ______ _____ _____
DIME
Debt, Income, Mortgage, and Education.
This term refers to an agent making their first $1,000.
Net license / net recruit
This is the #1 product that this company sells
The Opportunity!
This type of life insurance provides coverage for a specified period, typically offers lower initial premiums than permanent life insurance, and generally pays a death benefit only if the insured dies during the coverage period.
Term Life Insurance
Name the 4 cash flow quadrants and identify which side each belongs to
Employee (E) and Self-Employed (S) on the left (Poor);
Business Owner (B) and Investor (I) on the right (Rich)
This is the term for the rising cost of goods and services, which erodes your purchasing power over time
Inflation
According to this concept, this is the psychological consequence when enthusiasm and curiosity lead to incorrect answers and jumping to conclusion. The result is failure.
Scenario of Disaster
These are the dates of the big event happening at the beginning of the year
January 21-24, 2027
Unlike a traditional pre-tax 401(k), contributions to this type of retirement account are made with after-tax dollars, and qualified withdrawals in retirement are income tax-free.
Roth IRA/Roth 401K or ROTH account
The 3 major issues most people are facing include (name all 3)
1. People aren't saving enough money
2. People aren't saving in the right places
3. People aren't making enough money
What are the 6 areas of a comprehensive financial needs analysis?
1. Cash Flow
2. Debt Management
3. Proper Protection
4. Asset Accumulation
5. Emergency Funds
6. Estate Preservation
These are the four requirements the team considers when evaluating a potential new agent for onboarding
1. Integrity
2. Sick and tired (of being sick and tired)
3. Ready for change
4. Make a difference
According to the presentation, this is listed as the #1 enemy to an individual's money
Procrastination / YOU!
This type of retirement account offers guaranteed principal, guaranteed growth, and guaranteed income for life, often with zero management fees.
Secure Retirement Account
In this illustration, we encourage people to move themselves from the end of the paycheck line to the front by practicing this financial habit
Paying yourself first / prioritizing savings
Calculate the commission for $500/mo Target Premium Transamerica FFIUL II (120%) @ Marketing Director Contract
$500 * 12 * 1.2 =7,200 points
7,200 points * 50% = $3,600
The restaurant example names these 4 potential ways that people will show up for your business
1. Client
2. Referral
3. Business Partner
4. Provide feedback/honest opinion
Finish this phrase: "50% of something is ____ ____ ___ ____ ___"
"... better than 100% of nothing"
This type of life insurance policy combines flexible premiums, adjustable death benefit, and a savings component, while placing investment risk on the policyholder
Variable Universal Life Insurance
According to the presentation, this percentage of people have all three major financial issues at the same time
80%
This is the process of earning interest on both your original money and also the interest you've already accumulated, also known as the "8th Wonder of the World"
Compound Interest
In the WFG business model, Team Building falls under this side of the Cash Flow Quadrant
Rich / Right (Business Owner / Investor)
A legal arrangement that allows you to separate who owns a given asset from who controls it and who uses it.
Trust