“When you sell a long term care policy, I mean, you make something like $5,000 in one transaction.”
Clarence Napier · Insurance Broker and Consultant Supporting Business Owners · Episode 1139: The Background of the Selling Without Appearing to Sell System
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What was described
Sells long-term-care insurance policies
$5,000 commission per transaction
Said nearby on the same subject
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
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Said on Entrepreneurs on Fire
How they work$4 million initial IRA; projected $12 million tax-free benefit to heir…Share this moment
“You can fund your long-term care needs with 100,000, 200,000, and the long-term care carrier will match your 100,000 or 2,000 with the multiple of sometimes one-to-one, sometimes two-to-one, sometimes three-to-one”
CN
Clarence Napier
Insurance Broker and Consultant Supporting Business Owners ·
“We started a steel manufacturing company… all of these reset homes are built using cold form steel… we got a guarantee of insurance… they will write a policy with a 60% discount.”
MB
Matt Bukroski / Builders Workshop
Risk Management: Brick by Brick ·
Why it worked60% insurance discount; guarantee of insurance for any client using th…Share this moment
“If you ignore long term care costs… our estimates from that 40 to 45 percent number came down around 25 percent.”
SL
Spencer Look
The Long View ·
Data play40-45% shortfall with LTC included; 25% shortfall when LTC excludedShare this moment
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