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@kim5398 She had mentioned that she’s an owner of the business rather than an employee. Still could have been like split dollar in the sense that they didn’t have to take the premium directly from her share of profits, but I guess her firm’s bylaws require that.

@bmillerware It would be better to check with your agent, but generally it’s not exactly proportional. Most term policies have premium bands where the carrier shares in more of the fixed cost of writing the policy for larger face amounts. So if you’re reducing the face amount from above the...

@tannerking1 The reason the year we’re in is being skipped is because the example in the video is an ordinary annuity with the payments at the end of each year. So although the annuity matures 6 years from today, it only matures 5 years from the date the first payment is made. Just 6 years from...

@tannerking1 I’m interested to see what Jeff thinks, but I’d break it into 2 steps. First, whether they need life insurance or an annuity. A lot of factors could come into play, but mainly depends on whether the client wants to spend the money in their lifetime or leave a legacy to a...