Jones average pay: $65k?
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We're still waiting to hear on his cash value policy. It could end up being less than $40k, although I'm not insinuating that. Just curious if he's certain how he gets paid on those things.Oh, c’mon. You’re not seriously going to try to discredit him on this are you? Squash, did you read what you just typed “you would still be netting $34K and not $40K”. Surely you’re not going to quibble over .03% on this $1.7MM transfer. You’ve got to admit that you’re reaching for things to try to make him look bad if you are. Give the noob his props on what is shaping up to be a great month. If the things he said before actually do come in, $74K is still a huge month.
It’s a hell of a month either way. One comment on the portfolio though, UITs are pointless for a client of that size although we do get paid MUCH more by selling them. You can create a properly div. CD and bond ladder using individual issues that will yield better returns for the client.
Sometimes properly div. simply means more money in our pockets, just saying.
[quote=Spaceman Spiff] Oh, c’mon. You’re not seriously going to try to discredit him on this are you? Squash, did you read what you just typed “you would still be netting $34K and not $40K”. Surely you’re not going to quibble over .03% on this $1.7MM transfer. You’ve got to admit that you’re reaching for things to try to make him look bad if you are. Give the noob his props on what is shaping up to be a great month. If the things he said before actually do come in, $74K is still a huge month.
Was saying best case scenario he gets 2% on all the bonds, which you and i know is both a pipe dream unless he did all 15yr plus. So in reality I was being generous by saying he was off $6K gross(not exactly easy to make up). I think the number is near $25K(1.5% seems more likely on a laddered portfolio). and that is a big difference… Spiffers
[quote=deekay] “Y’all are brutalizing me!”
-Ronnie Dobbs[/quote]
This has to be the best thing ever said on this thread. DK, I don’t think anyone on this thread got it, except you.
Actually, I just pulled up her account. It’s $2,050,000. The checks came in this morning at 1.8 M and the rest was already here in a MM from the first meeting… So there ya go.
Prove it. Call your little girl Spiff and you guys can phone sxx about it. Then he can come on here and defend you.
Prove it. Call your little girl Spiff and you guys can phone sxx about it. Then he can come on here and defend you.
Hotair - I need to change a $100 Bill, do you have enough ones?
So you got a $40-50k annual commitment for a life insurance policy? Is this an estate planning case?
I’ve asked this on two threads now and haven’t gotten an answer. He said “a $50,000 cash value policy. (I think we get 70%)” That sounds to me like he thinks he gets 70% of a $50,000 premium or a $50,000 policy, but he hasn’t cleared that one up.
[quote=3rdyrp2]I’ve asked this on two threads now and haven’t gotten an answer. He said “a $50,000 cash value policy. (I think we get 70%)” That sounds to me like he thinks he gets 70% of a $50,000 premium or a $50,000 policy, but he hasn’t cleared that one up.[/quote]
If it’s a single premium payment of $50k he will probably get 7% so he’ll be looking at $3500, still not a bad mid-sized life sale.
Give him time to call Spiff and make up an answer. It’s coming soon. Be patient guys.
Unless the commission has to go through the grid, then he's looking at $1400 gross income.[quote=3rdyrp2]I’ve asked this on two threads now and haven’t gotten an answer. He said “a $50,000 cash value policy. (I think we get 70%)” That sounds to me like he thinks he gets 70% of a $50,000 premium or a $50,000 policy, but he hasn’t cleared that one up.[/quote]
If it’s a single premium payment of $50k he will probably get 7% so he’ll be looking at $3500, still not a bad mid-sized life sale.
[quote=Ronnie Dobbs] [quote=deekay] “Y’all are brutalizing me!”
-Ronnie Dobbs[/quote]
This has to be the best thing ever said on this thread. DK, I don't think anyone on this thread got it, except you.
Actually, I just pulled up her account. It's $2,050,000. The checks came in this morning at 1.8 M and the rest was already here in a MM from the first meeting.. So there ya go. [/quote] It is, by far, the most underrated comedy show in the last 25 years. It is one of the few shows (or movies) that still makes me laugh out loud even when I'm alone. Congrats on the big month. Keep up the good work. Keep the momentum going.
DK I would have to agree on the movie. " Well then you shouldn’t be hookin!"
I talked to the insurance guy and accoding to him a lump some policy is 70 percent of the investable assets.
Sorry, Wind, but unfortunately for all of us who sell insurance, that isn't accurate. In general, a single premium policy won't pay a commission that is much different than what would be paid if it was done as an annual commission. In other words, if a $200,000 policy could be purchased with a single premium of $50000 or an annual premium of $3,000, and it is paying 70%, the commission wouldn't be all that much more than $2,100 even if it was done as a single premium. Some of that extra cash would be commissionable, but probably in the neighborhood of 2% and not 70%.DK I would have to agree on the movie. " Well then you shouldn’t me hookin!"
I talked to the insurance guy and accoding to him a lump some policy is 70 percent of the investable assets.
[quote=Ronnie Dobbs]DK I would have to agree on the movie. " Well then you shouldn’t me hookin!"
I talked to the insurance guy and accoding to him a lump some policy is 70 percent of the investable assets.
[/quote]
He’s wrong. It’s a hartford policy if the face is 50k … get them to send you a hypo and on page 13 or 14 you’ll see what the real payout is x .70 x .40 It’ll hurt your feelings!
hahahahahahahahahahahahah this is how we know you are a lair. 8 months in and you don’t know how insurance is paid? All I can say is WOW Mr. Segment 3. hahahahahahahahahahaha
[quote=LockEDJ][quote=anonymous] Can you explain?
I believe in God. I don't knock on Sundays. It isn't because of my belief in God.[/quote] First - I don't mean to adopt an "attitude" about my faith and I won't respond to any further posts regarding this concept. But since you asked ... I think the onus would be on you to explain the last three sentences. If you believe in God (and by that, I am assuming a Judeo-Christian concept), then you hold the Sabbath as holy. It is not a day for work and I do absolutely nothing regarding the financial markets on that day. Moreover, I find it offensive when other people accost me on that day as well; I would think in turn my clients/prospects would find me the same. More than that ... all my clients accept and know my service to them is complete. They are provided with my cell and home number with the concept they abuse neither. Sunday clearly places at least one boundary. The other is the essence of need on their behalf. As an example, I took five calls while on vacation. But the client called me from his hospital bed. Fair enough? Thanks for asking, anon. I find your posts generally very thought provoking and exactly why I come here, fwiw.[/quote] I apologize for making the post. I was being a bit of a jerk. I'll respond, to your post, but don't feel any need to respond back. I'm explaining my thought process and completely respect you feeling completely different on this issue. This is what went through my head when I posted: "If God created the earth in 6 days and then rested on the 7th, the Sabbath isn't on Sunday. Sunday is a day of work. If someone is going to celebrate the sabbath, simply not working for money isn't keeping the sabbath holy. Someone who is doing activities like going out to eat isn't keeping it holy. Neither is working because it is going to be extremely profitable such as the $1,000,000 client who will only meet on the sabbath. Keeping the sabbath holy is not synonymous with not working on the sabbath. This is part of it, but just part of it. I won't door knock on Sundays simply because there are other way that I'd rather spend the weekend. However, if I thought that doorknocking on Sundays would be worth my time, I would do it. The only thing that I won't do is to call/e-mail/knock on someone on Friday night or Saturday who might be an Orthodox Jew. Those are the ones who really seem to keep the sabbath. I believe in God. I believe that he likes that I spend time with my family on the sabbath. I believe that he likes when I go to a house of worship on the sabbath. I believe that he probably doesn't like that I'll sometimes go to the office for a couple of hours on the sabbath. I can live with the fact that he won't like all that I do. This doesn't make me a non-believer.What I was told is that with the 50000 in cash value they purchase a lump sum and we get 70 percent of the investable assets in the cash value.
I’m not keen on insurane cause I just got started on it but I’ve been told 70 percent of the cash value that’s used to purchase a
nother policy
Why did you sell it if you have no idea what it is? Putting $50k into an insurance policy isn’t something the client can just change their mind on next month. Why would the company pay you 70% of what the client puts into the policy? The client would be left with 30% of their investment. Thats like an A share that just OD’d on steroids.