WFG LEADERSHIP
This WFG Founder teaches you how to be a Straight Line Thinker
Rich Thawley
What IRS Code defines the requirements contract to qualify life insurance for federal tax purposes.
7702
What does FIA stand for?
Fixed Indexed Annuity
In the Step 1, how exactly do we get paid?
We are the Amazon of financial services, the companies we represent pay us.
What is the first step?
Prospecting
This WFG Leader grew up in a trailer in Montana.
Jaime Villalovos
What company has an IUL floor of 0.75%?
Transamerica
What are the 3 Major benefits of an FIA
1. Growth
2. Protection from Market Loss
3. Guaranteed Income for life
What are the 5 major concerns when starting a business?
Investment
Time
Knowledge
Need
Risk
What does SOD stand for?
Scenario of disaster
This WFG Leader has one of the top business podcasts in the world and is ranked as a top motivational speaker worldwide.
Ed Mylett
What percentage of the death benefit does Nationwide typically pay out per month in Long Term Care?
2%
What is the name of our platform that provides Annuity Support for WFG?
AMS
What are the 3 basic principles of wealth?
Getting better rates of return
Risk management
Minimize taxes
What is BPM?
Business Presentation Meeting
This WFG Leader once was a rock band manager
Adam Mockett
What does it mean when an IUL is an "Increasing" policy?
Beneficiary receives both Death Benefit and Cash Value
What is typically the minimum age for someone to apply for an annuity?
30
What are the company guidelines for SMD?
1. 10 licenses
2. Two marketing directors (MDs)
3. 90,000 base points in a rolling 3-month period OR175K points (6 months) OR 250K points (12 months)
4. $30K cashflow in 6 months OR $50K in 12 months
This WFG Leader had a prior Career as an attourney and recruited Jaime Villalovos.
John Shin
What is a MEC and what liability is triggered when the policy goes into MEC?
Modified Endowment Contract.
Client Puts more than maximum amount per year.
It becomes a taxable event
Percentage of interest credited to your income base.
What are the two Alternative of Choices in the Step 5?
Roth IRA or IUL
Net Point Ratio