Bonus material
Included in the webinar is a live Q&A we opened up to participants were we covered several topics such as:
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Direct Recognition Enhancements?
Some companies claim that direct recognition enhances cash values when taking a policy loan. We addressed the validity of this claim and even provided an example that analyzed the claim.
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Detailed Loan Functionality
We explained how loans work in practice and gave some pointers on how to approach loans on whole life policies. This included a specific question about any waiting periods one must complete before using a policy loan.
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Best Practices to Adjust Illustrated Values
We were asked about how we go about reviewing and adjusting insurance company projected values in their illustration reports. We detailed when we think it's necessary and when it's not necessary. We also covered how to attempt to reconcile the values in a whole life policy.