As many of you know Equity Harvesting' using Option ARM loans and depositing large amounts of home equity into Cash Value Life Insurance has undergone much scrutiny in the past year. As I stated in my article The Wrong and Right Ways To Use Equity Harvesting! - The problem is that most agents, advisors and planners are not being taught the right ways to use it! And, it's now coming back to haunt them! Insurance companies are starting to receive complaints from policy owners who have been using the concept for three or more years. Many of these insurance companies have been compelled to put serious restrictions on the use of equity harvesting to avoid future law suites! Midland National won't accept any business where Equity Harvesting' is involved. Aviva won't accept business that involves refinancing, unless the client meets certain financial strength.
Many of the larger Broker/Dealers are very concerned about the potential for improper' use of the Equity Harvesting' concepts. Because, based on suitability requirements advisors are not allowed to recommend that a client put their home equity into any stock market type investment. (Variable Products, Mutual Funds, Etc.) It's just wrong to put people's homes at risk!
The good news is that there are Broker/Dealers and Insurance Companies that are approving the use of our Found Money Management system, tools and live advanced training courses. Ameritas Investment Corp., one of the larger, full service Broker/Dealers has approved our Living Debt Free and Truly Wealthy' Client Booklets and our Client Seminars. And, Aviva (AmerUs Life and Indianapolis Life) is in agreement with our Found Money Management concepts. (Obviously, each agent still needs to send this material through the compliance department before they use it.)
Why Do Companies, IMO's, Agencies and Industry Associations Like and Approve Our Found Money Management System, Tools and Training?
Maybe it's because we DO NOT advocate using Option ARM' loans with Middle Income Families? (We believe it's just too risky for them!) Maybe it's because we are NOT focusing on depositing large amounts of home equity into life insurance?
Our fundamental philosophy is to truly help Middle Income Families reduce and eliminate consumer debt and start saving for the future? We are helping families to properly remove home equity to lower their overall debts and improve their cash flow' (i.e. Pay-off credits cards, auto loans, or an equity line of credit, etc.) and then we use the difference in those payments to purchase life insurance and other savings vehicles. Plus, we are showing families where they may be spending their money unnecessarily and/or unwisely to further improve their cash flow and increase savings.
Found Money Management is about real financial planning for Middle Income Families! It's about helping them to establish priorities! It's Helping average people to learn how to spend, save, invest, insure and plan wisely for the future, to achieve financial independence!
If you really want to help people, then take a long hard look at our Found Money Management system, tools and live advanced training courses. And, then align yourself with a broker/dealer and a life insurance company that recognizes the value of and supports real financial planning for Middle Income Families. (We Are Not Actively Recruiting)
If you are NASD licensed, you can contract direct to Ameritas Investment Corp. by calling 1-800-335-9858. If you would like to contract with Aviva (AmerUs Life and Indianapolis Life) you can call us and we will be happy to direct you to an IMO and/or Agency in your local area that supports the Found Money Management concepts. 1-877-297-4608
There is a reason why... we have endorsements from many of the most respected and trusted names in insurance sales and financial planning... and our competition doesn't!
There is a reason why... successful insurance agents, financial advisors, financial planners and MDRT qualifiers, who have received training from other organizations, are now investing in our system, videos, audios, advisor guides and live training events!
There is a reason why... these people are doubling and tripling their income within six months! And, why they consistently earn ,000 to ,000 per month!