PHP
Carriers/Products
PHP common Knowledge
Sales
Random Questions
200
The ending to the phrase "A recruit is not a recruit until..."
What is "he/she gets a recruit, and both of them go through Fast Start School."
200
Document we use to determine a client's financial position
What is an FLS (Financial Life Strategy) form?
200
10, 25, 50, 75, 100, 200, 300 are levels for this
What is President's Club?
200
These are the 4 ways to produce income ( 4 quadrants)
1. As an employee
2. Becoming a Business Owner
3. Being an Investor
4. Bening Self-Employed
200
What are 3 reasons we are not a Pyramid Scheme?
What is/are
1. Need to get a State License.
2. Do not get paid to recruit.
3. You can make 6 figures only producing.
4. As a brokerage we only deal with triple A rated companies.
5. You can pass up the person who recruited you
400
This is the location for our upcoming BIG EVENT in FEB
What is St Louis, MO?
400
Product that offers highest amount of coverage for the least amount
What is a term policy?
400
What is the first Exchange Principle?
What is Personal Sale Exchange
400
How much will Tiffany Make?
Tiffany is a PMD- She writes a policy for $300 monthly ( carrier contract is 100%)
Her Downline is an Associate and leverages her for an appointment and they close a policy for $250 monthly(carrier contract 100%)
What is
$3615
Breakdown
$300 x 12=$3600 x70% =$2520 (Tiffany's Personal Business
$250x12 =$3000 (Downline Business)
$3000/2 = $1500 Tiffany/Downline
$1500 x 70% = $1050 (Tiffany Makes for doing the appointment)
$1500 x 30%(Difference in her contract 70%-Downline Contract 40%) = $450 (Tiffany's override)
400
The PHP ring with the dark green stone signifies reaching this income milestone
What is $250,000?
600
Where was the PHP Declaration of Values & Principles Written (hint-Island)?
Jekyll Island
600
This product is also known as a personal IRA distributed over a person's lifetime
What is an annuity?
600
The formula 10/3/1, the 10 stands for this
What are confirmed guests?
600
What is John's Commission?
John is a Sr Associate (been here forever)
He writes a NLG IUL based on Target Premium of premium of $530 per month.
How much will he make?
What is $2544
$530 x 12 =$6360
$6360 x 40%=$2544
600
The first agent to be coded in PHP Agency
Who is Jorge Pelayo?
(Jennifer Bet-David is also acceptable)
800
This individual was the first Marketing Director (MD) promoted in PHP
Who is Cindy Cobos?
800
The advantages of an IUL (indexed universal life) policy include 1) lasts up to 121 years old 2) tax advantaged and this
What is builds equity (cash value)?
800
This guy along with his wife came into PHP in 2015 and changed the game completely. What is his Mantra?
what is Too Wide Too Deep , We can't be beat
Matt Sapaula
800
How much money will hit John's account?
He's a director
Target Premium of $2,450, but he's in chargebacks for $400.
what is
$1070
$2450 x 60% = $1470
$1470-$400=$1070
800
What percentage will your Contract level be if you're a director, but you do Level 1 GEB Numbers in ''Your" base? So 10/25k Points 2 Newly Licensed Agents
What is 60%
1000
What are the 2 ways to gain experience in this Business?
What is
Personal Experience
Borrowed Experience
1000
How deep does a downline leg need to be, to be considered strong?
What is 4 Recruits Deep
1000
The 4 different ways to treat the PHP opportunity.
What is
1. Like a Hobby
2. Like an Employee
3. Like an Independent Contractor
4. Like a Professional Business Owner
1000
What is the Highest Position in this company and what is the contract level (must get both right)?
What is
Senior Executive Board Council 83%
1000
You must have 3 Personal Recruits and 5,000 Points in a calendar month and be licensed [or have passed their license exam before the first meeting] to qualify for this elite meeting with SVPs Fred and Christy Terris?
What is Spartans Call?