System
PHP Agency
Abbreviations
Policies
Contracts/PC
100

What does BOM stand for? 

Business Opportunity Meeting 

100

Why do we pay $199? 

Because it is our own business, we have access to back office (Commissions, Licensing, & Annuities) training videos, 30 Fortune 500 companies and THE SYSTEM

100

What does PHP stand for? 

People Helping People 

100

What does a premium mean? 

Money a client pays into a policy

100

What contract percentage is a Trainee?

30%

200

What is the 10/3/1 rule? 

10 confirmed, 3 people show & 1 gets started

200

What time is Pregame on Tuesday & Saturday? 

Tuesday: 6:30 PM 

Saturday: 9:30 AM 

200

What does TGA Stand for? 

The Great Awakening 

200

What does GUL stand for? 

Guaranteed Universal Life 

200

How many recruits do you need to do in a month to get a red shirt? 

10

300

What are the DO’s of a Field Training? 

Arrive Early

Remains quiet and takes notes

Trainee gets rid of distractions

Leave together

Leave business cards and marketing materials

300

What year did PHP Start? 

2009

300

What does B.M.P. Stand for? 

Bring Meeting to People 

300

What are the 3 different types of annuities? 

1. Fixed Annuity

2. Variable Annuity

3. Fixed Indexed Annuity 

300

What contract percentage is a Marketing Director? 

75%

400

What are the DON’Ts of a Field Training

No Sloppy Attire

No smoking/chewing gum

Do not interrupt trainer

Do not leave notes at the home

No celebrating until out of sight

400
What are the 7 steps in order to get your sprint award? 

1. Meet the spouse

2. Business Plan

3. Top 25

4. 3 FT’s

5. Financial Analysis

6. Life Class

7. Big Event Ticket

400

What does F.O.R.M. Stand for? 

Family 

Occupation 

Recreation

Message

400

What are 3 pros of IUL? 

1. Flexible Premium Payment

2. Living Benefits

3. Cash Value is Tax Deferred

400

How many recruits do you need to do in a month to get a blue shirt? 

50 

500

What are the 3 scripts to master?

Inviting someone, booking a FT Scripts, 3 Good Qualities

500

What are the 6 steps to master in this business? 

1. Prospecting

2. Phone Calls 

3. Presentations 

4. Follow Up

5. Fast Start

6. Duplication

500

What does BOLI stand for? 

Bank Owned Life Insurance 

500

What are the 6 activities of daily living? 

1. Eating

2. Bathing

3. Dressing

4. Toileting

5. Transferring

6. Maintaining Continence 

500

What title has a 79% contract? 

Senior Vice President