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All right gang thanks everybody for plugging in Alex 18 coming at you andwe'’re going to talk about Universal Lifeand running quotes on the Universal Life product so all right coolokay so let's let#39;s do it just a quickquick overview have done videos on how universal echt works so I'm not going to maybe spend a whole lot on helping youunderstand Universal Life products Butler#39;ll just do a brief overview you canwatch that other video but let#39;s talkabout what a universal love can do for somebody and this is more of a tax foryour retirement scenario what I plan to-do is I'm going to show you how to runthe FNG live universal life software to-do UI UL illustrations indexed universallife illustrations for both children for you know middle-aged people for olderpeople and how you can show them a ton of money for little money for their kidswhere you can show a million dollars by age 66 which is pretty insane for like50 bucks a month they can have a million dollars of cash value 1.2 milliondollars in life insurance IN#39;m using theF and G elite product okay so that'sthe purpose of this whole thing is toking of show you really how to use thesoftware, and I might even touch on howto use this smart UL software as well but just kind of the how the layout ofuniversal app works there areseveral moving parts okay so let me just break it down again I have another videothat goes into detail but IN#39;m just goingto give me a refresher when someone buys say a 100 thousand dollar universalindexed universal life insurance policy and they they buy it at a level deathbenefit okay so it#39;s a level option awhere it says option be increasing death benefit okay basically what they'rebuying is a series of annual renewable term insurance policies that's let'’s saythis person is 45 years old let's take it out to a homewhat they're doing is that#39;re basicallybuying a cost of insurance over the rest of their lifeall right so this is the cost of insurance let's say at age 45 400,000for grads let#39;s just say it's like $15of $15 a month for the cost of insurance okay then age 46 it goes up to 17 thenthe age 47 goes up to 19 its tell goesup as I get older and actually the line kind of goes way up okay so these areyou know this is the cost of insurance line that they're purchasing perthousand dollars of insurance all rights you're lucky and they lock in thecost of insurance so the game of universal life is at age 45 let's saythey'’re premium payment is $75 okay sobasically what that#39;re doing people askwell that is that $75 all does that go into cash that's what's earning the cash well the answer is no because what'sdeducted and this is IN#39;m making thissimple okay because there'’s othercharges involved in universal life but#39;m making it super simple just so youcan understand the concept of how it works so the one moving part was notmoving but every year the cost ofinsurance changes per thousand so let#39;sjust say per thousand cost multiplied byte...
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