Global Insurance Solutions Inc. March 29, 2006. Paul Freedman MBA, CFP [email protected] 416-721-4931(cell). Stir the Pot - Cook Up New Sales. Agenda. Using Total Needs Analyses Software Uncover Needs Prepare for Compliance Stir the Money Pot – Three Selling Ideas
If a critical illness strikes……
Solution: Contribute less to RRSP and purchase CI with ROP benefit
“Re-direct money” into CI to protect savings and provide funds in the event of a critical illness
* AXA T-75 Enhanced CI plan with FROP
* 6% annual compounded growth
General wisdom is to pay home off quickly….
Solution: Make monthly mortgage payments and purchase Universal Life Insurance
* 6.45% 5 yr. term; 25 yr ammort.;
Continue as is….
*40 FNS,Pact II, T-100, 6%ROI
RRSPs great ….
But can be too much of a good thing.…
Solution: Reduce or stop RRSP contributions and purchase high cash value, limited pay guaranteed life insurance
Use “usual” RRSP contributions to purchase limited pay life insurance with guaranteed cash values
6% return compounded annually
- insurance lapses
*Assume 30% tax rate, based on ACB
*Assume 45% tax rate
Win – Win
AXA LAUNCHES IT’S BUSINESS BUILDING PROGRAM FOR BROKERS
TO HELP YOU BUILD A MORE PROFITABLE BUSINESS IN 2006 AND BEYOND
In addition to usual FYC and bonus: