Products & Services
What does IUL stand for
Indexed Univeral Life Insurance
This company is described as the "Costco, Amazon, or Target of financial services," offering access to over 140 investment companies and 80 banks and insurance firms.
World Financial Group
Which method is used to calculate insurable need?
DIME
Debt, Income, Mortgage, and Education.
"50% of something is better than ____ __ ______ "
100% of nothing
What is the #1 product that we sell?
The Opportunity!
This type of life insurance lasts for a set period, such as 10, 20, or 30 years, and typically has no cash value.
Term Life Insurance
World Financial Group’s parent companies are these two well-known financial institutions.
Aegon and Transamerica
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
What does "BPM" stand for?
Business Presentation Meeting
This type of retirement account allows for tax-free withdrawals after age 59½, provided certain conditions are met.
Roth IRA/Roth 401K
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
What are the qualifications for a Senior Associate Promotion?
Option 1: 5/5/30 personal
Option 2: 10/10/30 team
Option 3: 3 direct agents, 4 licensed agents, 30,000 base shop points in a rolling 3 months
Name the drink mentioned in the Team Heroes chant
Thai Tea
This type of retirement account offers guaranteed principal, guaranteed growth, and guaranteed income for life, often with zero management fees.
Secure Retirement Account
Albert Einstein referred to this financial concept as the “8th Wonder of the World"
The Rule of 72 / Compounding Interest
What are the split commissions for $250/mo Target Premium Transamerica FFIUL II (120%) @ Training Associate and Senior Marketing Director Contract (No Override)?
$250 * 12 * 1.2 =3600 points
3600 / 2 = 1800
1800 * .25 = $450
1800 * .65 = $1,170
According to the presentation, when meeting with someone during the rebranding process, name 2 out of 4 roles they might be identified as?
1. Client
2. Referral
3. Business Partner
4. Provide feedback/honest opinion
Name the 4 Cash Flow Quadrants AND which sides they are on
Poor:
1. Employed
2. Self Employed
Rich:
3. Business Owner
4. Investor
This type of life insurance policy combines a death benefit with a savings component that can earn interest based on a market index
Indexed Universal Life Insurance
According to the presentation, what percentage of people have all three major financial issues at the same time?
80%
Traditional pensions, 401(k) plans, 403(b) plans, and profit sharing plans are all types of ______ retirement accounts.
Qualified
In the WFG business model, which side of the Cashflow Quadrant does building a team fall under?
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